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Registration number: 03923126

CDP Architecture Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2022

 

CDP Architecture Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

CDP Architecture Limited

Company Information

Directors

Mr Michael Richard Wicks

Mr Andrew Charles Tull

Mr David James Houghton Botting

Company secretary

Mrs Ann Elizabeth Tull

Registered office

22-23 North Lane
Canterbury
Kent
CT2 7EE

Accountants

C W W Ltd
149-151 Mortimer Street
Herne Bay
Kent
CT6 5HA

 

CDP Architecture Limited

(Registration number: 03923126)
Balance Sheet as at 28 February 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

2,841

3,788

Current assets

 

Stocks

5

4,668

4,668

Debtors

6

20,061

40,162

Cash at bank and in hand

 

121,877

89,696

 

146,606

134,526

Creditors: Amounts falling due within one year

7

(30,714)

(15,327)

Net current assets

 

115,892

119,199

Net assets

 

118,733

122,987

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

117,733

121,987

Shareholders' funds

 

118,733

122,987

For the financial year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 June 2022 and signed on its behalf by:
 

 

CDP Architecture Limited

(Registration number: 03923126)
Balance Sheet as at 28 February 2022

.........................................
Mr David James Houghton Botting
Director

 

CDP Architecture Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

1

General information

The company is a private company limited by share capital, incorporated in United KIngdom.

The address of its registered office is:
22-23 North Lane
Canterbury
Kent
CT2 7EE

These financial statements were authorised for issue by the Board on 7 June 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CDP Architecture Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% RB

Office Equipment

25% RB

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

CDP Architecture Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2021 - 4).

 

CDP Architecture Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2021

49,480

11,404

60,884

At 28 February 2022

49,480

11,404

60,884

Depreciation

At 1 March 2021

47,753

9,343

57,096

Charge for the year

432

515

947

At 28 February 2022

48,185

9,858

58,043

Carrying amount

At 28 February 2022

1,295

1,546

2,841

At 28 February 2021

1,727

2,061

3,788

5

Stocks

2022
£

2021
£

Other inventories

4,668

4,668

6

Debtors

Current

2022
£

2021
£

Trade debtors

10,786

33,958

Other debtors

9,275

6,204

 

20,061

40,162

7

Creditors

Creditors: amounts falling due within one year

 

CDP Architecture Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

2022
£

2021
£

Due within one year

Trade creditors

(67)

1

Taxation and social security

26,975

11,520

Accruals and deferred income

3,806

3,806

30,714

15,327

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000

Ordinary A of £1 each

20

20

20

20

 

1,020

1,020

1,020

1,020

9

Dividends

   

2022

 

2021

   

£

 

£

Final dividend of £63,165.00 (2021 - £74,665.00) per ordinary share

 

-

 

-

         

10

Related party transactions

 

CDP Architecture Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2022

Directors' remuneration

The directors' remuneration for the year was as follows:

2022
£

2021
£

Remuneration

53,917

50,917