Company Registration No. 5200483 (England and Wales)
de novo - architecture Limited
Unaudited accounts
for the year ended 31 March 2023
de novo - architecture Limited
Statement of financial position
as at 31 March 2023
Tangible assets
39,420
52,200
Inventories
160,000
462,500
Cash at bank and in hand
174,891
838
Creditors: amounts falling due within one year
(301,986)
(283,081)
Net current assets
414,409
380,205
Total assets less current liabilities
453,829
432,405
Provisions for liabilities
Deferred tax
(6,943)
(9,251)
Net assets
446,886
423,154
Called up share capital
300
300
Profit and loss account
446,586
422,854
Shareholders' funds
446,886
423,154
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2023 and were signed on its behalf by
S McLarty
Director
Company Registration No. 5200483
de novo - architecture Limited
Notes to the Accounts
for the year ended 31 March 2023
de novo - architecture Limited is a private company, limited by shares, registered in England and Wales, registration number 5200483. The registered office is Berkeley House, 86 High Street, Carshalton, Surrey, SM5 3AE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Work in Progress has been valued at the lower of cost and estimated contract price less costs to complete obligations under the individual contract. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion of the contract. Contract work in progress is calculated on a contract by contract basis.
de novo - architecture Limited
Notes to the Accounts
for the year ended 31 March 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
14,322
35,757
286,437
336,516
At 31 March 2023
14,682
35,757
286,437
336,876
At 1 April 2022
13,819
34,981
235,516
284,316
Charge for the year
216
194
12,730
13,140
At 31 March 2023
14,035
35,175
248,246
297,456
At 31 March 2023
647
582
38,191
39,420
At 31 March 2022
503
776
50,921
52,200
Amounts falling due within one year
Trade debtors
303,002
198,967
Accrued income and prepayments
78,502
981
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
1,215
Taxes and social security
111,000
131,648
Other creditors
6,515
5,911
Loans from directors
180,355
138,694
de novo - architecture Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
99,720
120,000
Later than one year and not later than five years
398,880
240,000
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Average number of employees
During the year the average number of employees was 21 (2022: 21).