Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-3116false2021-04-01No description of principal activity15truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06352724 2021-04-01 2022-03-31 06352724 2020-04-01 2021-03-31 06352724 2022-03-31 06352724 2021-03-31 06352724 c:Director1 2021-04-01 2022-03-31 06352724 c:Director2 2021-04-01 2022-03-31 06352724 d:Buildings d:LongLeaseholdAssets 2021-04-01 2022-03-31 06352724 d:Buildings d:LongLeaseholdAssets 2022-03-31 06352724 d:Buildings d:LongLeaseholdAssets 2021-03-31 06352724 d:OfficeEquipment 2021-04-01 2022-03-31 06352724 d:OfficeEquipment 2022-03-31 06352724 d:OfficeEquipment 2021-03-31 06352724 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 06352724 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 06352724 d:CurrentFinancialInstruments 2022-03-31 06352724 d:CurrentFinancialInstruments 2021-03-31 06352724 d:Non-currentFinancialInstruments 2022-03-31 06352724 d:Non-currentFinancialInstruments 2021-03-31 06352724 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06352724 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 06352724 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06352724 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 06352724 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 06352724 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-03-31 06352724 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 06352724 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 06352724 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 06352724 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-03-31 06352724 d:ShareCapital 2022-03-31 06352724 d:ShareCapital 2021-03-31 06352724 d:RetainedEarningsAccumulatedLosses 2022-03-31 06352724 d:RetainedEarningsAccumulatedLosses 2021-03-31 06352724 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-03-31 06352724 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2021-03-31 06352724 c:FRS102 2021-04-01 2022-03-31 06352724 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 06352724 c:FullAccounts 2021-04-01 2022-03-31 06352724 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06352724 2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 06352724










CARL TURNER ARCHITECTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
CARL TURNER ARCHITECTS LIMITED
REGISTERED NUMBER: 06352724

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
6,468
4,975

  
6,468
4,975

Current assets
  

Debtors: amounts falling due within one year
 5 
280,933
288,234

Cash at bank and in hand
 6 
252,252
140,801

  
533,185
429,035

Creditors: amounts falling due within one year
 7 
(378,192)
(291,745)

Net current assets
  
 
 
154,993
 
 
137,290

Total assets less current liabilities
  
161,461
142,265

Creditors: amounts falling due after more than one year
 8 
(180,000)
(253,780)

Provisions for liabilities
  

Deferred tax
  
(1,229)
(945)

Other provisions
 11 
(20,000)
(20,000)

  
 
 
(21,229)
 
 
(20,945)

Net liabilities
  
(39,768)
(132,460)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(39,770)
(132,462)

  
(39,768)
(132,460)


Page 1

 
CARL TURNER ARCHITECTS LIMITED
REGISTERED NUMBER: 06352724

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2022.




C Turner
S Winstanley
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

The company is limited by shares and incorporated in England. Its registered office is Unit 61, Regents Studios, 8 Andrews Road, London, E8 4QN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company had a deficit on shareholders' funds at 31st March 2022 of £ 39,768 (2021 : deficit of £ 132,460). However, the directors are of the opinion that the company has and will continue to have the support of its creditors for the foreseeable future. In the light of these factors, the directors consider it appropriate to adopt the going concern basis in the preparation of these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Temporary rent concessions occurring as a direct consequence of the COVID-19 pandemic have been recognised on a systematic basis over the periods that the change in lease payments is intended to compensate. This is conditional on:

the change in lease payments resulting in revised consideration for the lease that is less than the consideration for the lease immediately preceding the change;
any reduction in lease payments affecting only payments originally due on or before 30 June 2022;
there being no significant change to other terms and conditions of the lease.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
33%
Straight Line
Office equipment
-
25%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.16

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2021 - 15).

Page 6

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Property, plant and equipment





Long-term leasehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2021
28,065
36,543
64,608


Additions
-
3,493
3,493



At 31 March 2022

28,065
40,036
68,101



Depreciation


At 1 April 2021
28,065
31,567
59,632


Charge for the year on owned assets
-
2,001
2,001



At 31 March 2022

28,065
33,568
61,633



Net book value



At 31 March 2022
-
6,468
6,468



At 31 March 2021
-
4,975
4,975


5.


Debtors

2022
2021
£
£


Trade debtors
163,452
182,776

Other debtors
19,485
26,426

Prepayments and accrued income
97,996
79,032

280,933
288,234



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
252,252
140,802

252,252
140,802


Page 7

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
48,000
11,302

Other loans
25,082
26,948

Trade creditors
163,086
63,269

Corporation tax
2,054
-

Other taxation and social security
130,177
113,532

Other creditors
1,622
1,706

Accruals and deferred income
8,171
74,988

378,192
291,745



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
180,000
228,698

Other loans
-
25,082

180,000
253,780


Page 8

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
48,000
11,302

Other loans
25,082
26,948


73,082
38,250

Amounts falling due 1-2 years

Bank loans
48,000
45,919


48,000
45,919

Amounts falling due 2-5 years

Bank loans
132,000
144,842

Other loans
-
25,082


132,000
169,924

Amounts falling due after more than 5 years

Bank loans
-
37,938

-
37,938

253,082
292,031



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£

 
-
 
-

Page 9

 
CARL TURNER ARCHITECTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

11.


Provisions


Other provision 1

£





At 1 April 2021
20,000



At 31 March 2022
20,000


12.


Related party transactions

During the year the company had related party transactions with the director, C Turner, as follows:
Directors Loan Account: £13,479 (2021: £18,479)
 


Page 10