IRIS Accounts Production v23.3.0.418 08991531 director 1.5.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089915312022-04-30089915312023-04-30089915312022-05-012023-04-30089915312021-04-30089915312021-05-012022-04-30089915312022-04-3008991531ns10:Originalns15:EnglandWales2022-05-012023-04-3008991531ns14:PoundSterlingns10:Original2022-05-012023-04-3008991531ns10:Originalns10:Director12022-05-012023-04-3008991531ns10:Original2022-05-012023-04-3008991531ns10:Original2023-04-3008991531ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3008991531ns10:Originalns10:SmallEntities2022-05-012023-04-3008991531ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3008991531ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3008991531ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3008991531ns10:Originalns10:FullAccounts2022-05-012023-04-3008991531ns10:Original12022-05-012023-04-3008991531ns10:Originalns10:RegisteredOffice2022-05-012023-04-3008991531ns10:Original2022-04-3008991531ns10:Originalns5:CurrentFinancialInstruments2023-04-3008991531ns10:Originalns5:CurrentFinancialInstruments2022-04-3008991531ns10:Originalns5:Non-currentFinancialInstruments2023-04-3008991531ns10:Originalns5:Non-currentFinancialInstruments2022-04-3008991531ns5:ShareCapitalns10:Original2023-04-3008991531ns5:ShareCapitalns10:Original2022-04-3008991531ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3008991531ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3008991531ns10:Originalns5:NetGoodwill2022-05-012023-04-3008991531ns10:Originalns5:PlantMachinery2022-05-012023-04-3008991531ns10:Original2021-05-012022-04-3008991531ns10:Originalns5:NetGoodwill2022-04-3008991531ns10:Originalns5:NetGoodwill2023-04-3008991531ns10:Originalns5:NetGoodwill2022-04-3008991531ns10:Originalns5:PlantMachinery2022-04-3008991531ns10:Originalns5:PlantMachinery2023-04-3008991531ns10:Originalns5:PlantMachinery2022-04-3008991531ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-3008991531ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-05-012023-04-3008991531ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3008991531ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-3008991531ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008991531ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3008991531ns10:Original1ns10:Director12022-04-3008991531ns10:Original1ns10:Director12021-04-3008991531ns10:Original1ns10:Director12022-05-012023-04-3008991531ns10:Original1ns10:Director12021-05-012022-04-3008991531ns10:Original1ns10:Director12023-04-3008991531ns10:Original1ns10:Director12022-04-30
REGISTERED NUMBER: 08991531 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

STUDIO WEST ARCHITECTS LIMITED

STUDIO WEST ARCHITECTS LIMITED (REGISTERED NUMBER: 08991531)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUDIO WEST ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: N Wall





REGISTERED OFFICE: The Old Stable
Market Street
St Just
PENZANCE
Cornwall
TR19 7HU





REGISTERED NUMBER: 08991531 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

STUDIO WEST ARCHITECTS LIMITED (REGISTERED NUMBER: 08991531)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,920 8,786
13,920 8,786

CURRENT ASSETS
Stocks 2,000 -
Debtors 6 15,979 26,292
Cash at bank and in hand 17,987 25,306
35,966 51,598
CREDITORS
Amounts falling due within one year 7 35,932 41,818
NET CURRENT ASSETS 34 9,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,954

18,566

CREDITORS
Amounts falling due after more than one year 8 10,906 15,436
NET ASSETS 3,048 3,130

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,848 2,930
SHAREHOLDERS' FUNDS 3,048 3,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STUDIO WEST ARCHITECTS LIMITED (REGISTERED NUMBER: 08991531)

BALANCE SHEET - continued
30 APRIL 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





N Wall - Director


STUDIO WEST ARCHITECTS LIMITED (REGISTERED NUMBER: 08991531)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Studio West Architects 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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, 20% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

STUDIO WEST ARCHITECTS LIMITED (REGISTERED NUMBER: 08991531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 42,479
AMORTISATION
At 1 May 2022
and 30 April 2023 42,479
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

STUDIO WEST ARCHITECTS LIMITED (REGISTERED NUMBER: 08991531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 27,695
Additions 10,644
At 30 April 2023 38,339
DEPRECIATION
At 1 May 2022 18,909
Charge for year 5,510
At 30 April 2023 24,419
NET BOOK VALUE
At 30 April 2023 13,920
At 30 April 2022 8,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 9,495
DEPRECIATION
At 1 May 2022 4,748
Charge for year 2,373
At 30 April 2023 7,121
NET BOOK VALUE
At 30 April 2023 2,374
At 30 April 2022 4,747

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,800 8,100
Other debtors 8,179 18,192
15,979 26,292

STUDIO WEST ARCHITECTS LIMITED (REGISTERED NUMBER: 08991531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,121 3,040
Hire purchase contracts 4,281 1,449
Trade creditors 2,038 2,044
Taxation and social security 21,589 30,450
Other creditors 4,903 4,835
35,932 41,818

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 8,129 11,210
Hire purchase contracts 2,777 4,226
10,906 15,436

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
N Wall
Balance outstanding at start of year 13,367 22,295
Amounts advanced 62,356 57,796
Amounts repaid (73,552 ) (66,724 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,171 13,367

The director's loan is repayable upon demand and interest has been charged at 2%.

10. ULTIMATE CONTROLLING PARTY

Mr N Wall is the ultimate controlling party by virtue of his 100% shareholding.