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Company Registration No. 08764357 (England and Wales)
Smalley Marsey Rispin Architects Limited Unaudited accounts for the year ended 31 March 2023
Smalley Marsey Rispin Architects Limited Unaudited accounts Contents
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Smalley Marsey Rispin Architects Limited Company Information for the year ended 31 March 2023
Directors
Amanda Marsey Simon Rispin Mathew Smalley
Company Number
08764357 (England and Wales)
Accountants
Cloud Genie Ltd The Tannery Kirkstall Road Leeds LS3 1HS
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Smalley Marsey Rispin Architects Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
260,415 
271,001 
Current assets
Inventories
253,022 
264,148 
Debtors
1,481,669 
1,718,394 
Cash at bank and in hand
1,166,018 
1,725,674 
2,900,709 
3,708,216 
Creditors: amounts falling due within one year
(919,303)
(1,914,893)
Net current assets
1,981,406 
1,793,323 
Net assets
2,241,821 
2,064,324 
Capital and reserves
Called up share capital
500 
500 
Profit and loss account
2,241,321 
2,063,824 
Shareholders' funds
2,241,821 
2,064,324 
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 10 October 2023 and were signed on its behalf by
Amanda Marsey Director Company Registration No. 08764357
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Smalley Marsey Rispin Architects Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Smalley Marsey Rispin Architects Limited is a private company, limited by shares, registered in England and Wales, registration number 08764357.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
10 years straight line
Motor vehicles
4 years straight line
Fixtures & fittings
15% reducing balance
Computer equipment
3 years straight line
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Pension costs
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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.
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Smalley Marsey Rispin Architects Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
50,870 
- 
118,164 
104,537 
202,504 
476,075 
Additions
- 
6,690 
- 
2,491 
68,116 
77,297 
At 31 March 2023
50,870 
6,690 
118,164 
107,028 
270,620 
553,372 
Depreciation
At 1 April 2022
4,074 
- 
29,541 
26,081 
145,378 
205,074 
Charge for the year
5,106 
3,345 
23,633 
11,855 
43,944 
87,883 
At 31 March 2023
9,180 
3,345 
53,174 
37,936 
189,322 
292,957 
Net book value
At 31 March 2023
41,690 
3,345 
64,990 
69,092 
81,298 
260,415 
At 31 March 2022
46,796 
- 
88,623 
78,456 
57,126 
271,001 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,094,541 
1,438,292 
Accrued income and prepayments
381,105 
280,044 
Other debtors
263 
58 
1,475,909 
1,718,394 
Amounts falling due after more than one year
Accrued income and prepayments
5,760 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
126,859 
269,284 
Trade creditors
139,974 
120,548 
Taxes and social security
383,265 
866,960 
Proposed dividends
6,000 
6,000 
Other creditors
20,675 
18,040 
Loans from directors
223,000 
600,000 
Accruals
19,530 
34,061 
919,303 
1,914,893 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50,000 Ordinary shares of £0.01 each
500 
500 
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Smalley Marsey Rispin Architects Limited Notes to the Accounts for the year ended 31 March 2023
8
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
6,334 
17,347 
Later than one year and not later than five years
496,949 
488,869 
503,283 
506,216 
9
Average number of employees
During the year the average number of employees was 54 (2022: 51).
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