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REGISTERED NUMBER: 06876274 (England and Wales)














FLEET ARCHITECTS LTD

Unaudited Financial Statements

for the Year Ended 31 March 2023






FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


FLEET ARCHITECTS LTD

Company Information
for the Year Ended 31 March 2023







Directors: Mr J R Bishop
Mr R C J Henson





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 06876274 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 767,728 528,360
Investments 5 20 10
767,748 528,370

CURRENT ASSETS
Debtors 6 175,504 153,944
Cash at bank 143,790 143,018
319,294 296,962
CREDITORS
Amounts falling due within one year 7 243,106 146,985
NET CURRENT ASSETS 76,188 149,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

843,936

678,347

CREDITORS
Amounts falling due after more than
one year

8

(458,723

)

(535,410

)

PROVISIONS FOR LIABILITIES (1,510 ) (1,510 )
NET ASSETS 383,703 141,427

FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 383,603 141,327
SHAREHOLDERS' FUNDS 383,703 141,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2023 and were signed on its behalf by:





Mr J R Bishop - Director


FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Fleet Architects Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided on land and in accordance with the property
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2022 520,412 8,880 13,495 542,787
Additions 232,836 - 13,523 246,359
At 31 March 2023 753,248 8,880 27,018 789,146
Depreciation
At 1 April 2022 - 4,480 9,947 14,427
Charge for year - 2,221 4,770 6,991
At 31 March 2023 - 6,701 14,717 21,418
Net book value
At 31 March 2023 753,248 2,179 12,301 767,728
At 31 March 2022 520,412 4,400 3,548 528,360

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
Cost
At 1 April 2022
and 31 March 2023 10 10 20
Net book value
At 31 March 2023 10 10 20
At 31 March 2022 10 10 20

FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,814 148,032
Amounts owed by group undertakings 41,690 -
Other debtors - 5,912
175,504 153,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 76,773 58,616
Trade creditors 39,828 6,173
Taxation and social security 87,521 70,225
Other creditors 38,984 11,971
243,106 146,985

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 228,723 305,410
Other creditors 230,000 230,000
458,723 535,410

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 230,000 230,000

Repayable by instalments
Bank loans more 5 yr by instal 10,839 20,607

FLEET ARCHITECTS LTD (REGISTERED NUMBER: 06876274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 270,833 325,000

Bank loans includes a secured loan of £270,833 from Kent County Council (2022 £325,000).