Silverfin false 31/03/2023 01/04/2022 31/03/2023 Jackie Gillespie 20/01/2005 Barry Spencer Jobson 01/04/2022 30/03/2011 Emma Elizabeth Yunnie 30/03/2011 Phillip Paul Anthony Yunnie 20/01/2005 P P A Yunnie 17 October 2023 The principal activity of the Company during the financial year was architectural activities. 05306388 2023-03-31 05306388 bus:Director1 2023-03-31 05306388 bus:Director2 2023-03-31 05306388 bus:Director3 2023-03-31 05306388 bus:Director4 2023-03-31 05306388 2022-03-31 05306388 core:CurrentFinancialInstruments 2023-03-31 05306388 core:CurrentFinancialInstruments 2022-03-31 05306388 core:Non-currentFinancialInstruments 2023-03-31 05306388 core:Non-currentFinancialInstruments 2022-03-31 05306388 core:ShareCapital 2023-03-31 05306388 core:ShareCapital 2022-03-31 05306388 core:RetainedEarningsAccumulatedLosses 2023-03-31 05306388 core:RetainedEarningsAccumulatedLosses 2022-03-31 05306388 core:PlantMachinery 2022-03-31 05306388 core:FurnitureFittings 2022-03-31 05306388 core:OfficeEquipment 2022-03-31 05306388 core:PlantMachinery 2023-03-31 05306388 core:FurnitureFittings 2023-03-31 05306388 core:OfficeEquipment 2023-03-31 05306388 core:WithinOneYear 2023-03-31 05306388 core:WithinOneYear 2022-03-31 05306388 core:BetweenOneFiveYears 2023-03-31 05306388 core:BetweenOneFiveYears 2022-03-31 05306388 2022-04-01 2023-03-31 05306388 bus:FullAccounts 2022-04-01 2023-03-31 05306388 bus:SmallEntities 2022-04-01 2023-03-31 05306388 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05306388 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05306388 bus:Director1 2022-04-01 2023-03-31 05306388 bus:Director2 2022-04-01 2023-03-31 05306388 bus:Director3 2022-04-01 2023-03-31 05306388 bus:Director4 2022-04-01 2023-03-31 05306388 bus:Director5 2022-04-01 2023-03-31 05306388 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 05306388 core:FurnitureFittings core:TopRangeValue 2022-04-01 2023-03-31 05306388 core:OfficeEquipment core:TopRangeValue 2022-04-01 2023-03-31 05306388 2021-04-01 2022-03-31 05306388 core:PlantMachinery 2022-04-01 2023-03-31 05306388 core:FurnitureFittings 2022-04-01 2023-03-31 05306388 core:OfficeEquipment 2022-04-01 2023-03-31 05306388 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 05306388 (England and Wales)

GILLESPIE YUNNIE ARCHITECTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

GILLESPIE YUNNIE ARCHITECTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

GILLESPIE YUNNIE ARCHITECTS LIMITED

BALANCE SHEET

As at 31 March 2023
GILLESPIE YUNNIE ARCHITECTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 8,194 8,627
8,194 8,627
Current assets
Debtors 4 140,793 166,129
Cash at bank and in hand 113,496 96,087
254,289 262,216
Creditors: amounts falling due within one year 5 ( 199,352) ( 172,769)
Net current assets 54,937 89,447
Total assets less current liabilities 63,131 98,074
Creditors: amounts falling due after more than one year 6 ( 28,268) ( 38,075)
Provision for liabilities ( 732) ( 632)
Net assets 34,131 59,367
Capital and reserves
Called-up share capital 200 200
Profit and loss account 33,931 59,167
Total shareholders' funds 34,131 59,367

For the financial 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.

Directors' responsibilities:

The financial statements of Gillespie Yunnie Architects Limited (registered number: 05306388) were approved and authorised for issue by the Board of Directors on 17 October 2023. They were signed on its behalf by:

Jackie Gillespie
Director
P P A Yunnie
Director
GILLESPIE YUNNIE ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
GILLESPIE YUNNIE ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gillespie Yunnie Architects Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Lower Tweed Mill Shinners Bridge, Dartington, Totnes, TQ9 6JB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Fixtures and fittings 4 years straight line
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 7

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2022 749 13,722 62,527 76,998
Additions 0 0 3,583 3,583
Disposals 0 0 ( 5,520) ( 5,520)
At 31 March 2023 749 13,722 60,590 75,061
Accumulated depreciation
At 01 April 2022 172 12,735 55,464 68,371
Charge for the financial year 187 394 3,397 3,978
Disposals 0 0 ( 5,482) ( 5,482)
At 31 March 2023 359 13,129 53,379 66,867
Net book value
At 31 March 2023 390 593 7,211 8,194
At 31 March 2022 577 987 7,063 8,627

4. Debtors

2023 2022
£ £
Trade debtors 114,160 110,654
Corporation tax 10,781 18,671
Other debtors 15,852 36,804
140,793 166,129

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,808 9,567
Trade creditors 6,713 3,086
Taxation and social security 64,890 69,870
Other creditors 117,941 90,246
199,352 172,769

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 28,268 38,075

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 25,154 25,154
between one and five years 20,742 45,896
45,896 71,050