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REGISTERED NUMBER: 08969374 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2022

for

Wardmans Architectural Services Limited

Wardmans Architectural Services Limited (Registered number: 08969374)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wardmans Architectural Services Limited

Company Information
for the Year Ended 30 April 2022







DIRECTORS: Mrs K L Brown
Mr C Brown
Mr L S Wardman
Mrs D Wardman





REGISTERED OFFICE: 113 Stanhope Road South
Darlington
DL3 7SF





REGISTERED NUMBER: 08969374 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Wardmans Architectural Services Limited (Registered number: 08969374)

Balance Sheet
30 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,917 2,917
Tangible assets 6 28,455 38,892
30,372 41,809

CURRENT ASSETS
Debtors 7 110,479 112,486
Cash at bank 72,468 56,965
182,947 169,451
CREDITORS
Amounts falling due within one year 8 61,873 64,382
NET CURRENT ASSETS 121,074 105,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,446

146,878

CREDITORS
Amounts falling due after more than one
year

9

(57,078

)

(70,595

)

PROVISIONS FOR LIABILITIES (5,406 ) (7,389 )
NET ASSETS 88,962 68,894

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 88,862 68,794
SHAREHOLDERS' FUNDS 88,962 68,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by:





Mr L S Wardman - Director


Wardmans Architectural Services Limited (Registered number: 08969374)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Wardmans Architectural Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable from architectural services, stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

Intangible assets
Intangible assets comprises goodwill in connection with the acquisition of the business and is being written off over its useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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 accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.


Wardmans Architectural Services Limited (Registered number: 08969374)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

3. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Leasing
Assets acquired under finance leases are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

Employee benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2021
and 30 April 2022 10,000
AMORTISATION
At 1 May 2021 7,083
Charge for year 1,000
At 30 April 2022 8,083
NET BOOK VALUE
At 30 April 2022 1,917
At 30 April 2021 2,917



6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2021
and 30 April 2022 62,450
DEPRECIATION
At 1 May 2021 23,558
Charge for year 10,437
At 30 April 2022 33,995
NET BOOK VALUE
At 30 April 2022 28,455
At 30 April 2021 38,892

Wardmans Architectural Services Limited (Registered number: 08969374)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

6. TANGIBLE FIXED ASSETS - continued


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 80,722 63,426
Other debtors 29,757 49,060
110,479 112,486

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 9,167
Finance leases (see note 10) 8,017 7,742
Trade creditors 925 2,864
Taxation and social security 32,762 34,647
Other creditors 10,169 9,962
61,873 64,382

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 35,333 40,833
Finance leases (see note 10) 21,745 29,762
57,078 70,595

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2022 2021
£    £   
Net obligations repayable:
Within one year 8,017 7,742
Between one and five years 21,745 29,762
29,762 37,504

Non-cancellable operating leases
2022 2021
£    £   
Within one year 18,666 18,666
Between one and five years 12,222 30,887
30,888 49,553

11. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Finance leases 29,762 37,504

The finance lease liability is secured against the assets to which it relates. The net book value of fixed assets held under finance lease at 30 April 2022 was £27,551 (2021 - £36,735).