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REGISTERED NUMBER: 06051332 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 January 2023

for

Ollier Smurthwaite Architects Limited

Ollier Smurthwaite Architects Limited (Registered number: 06051332)






Contents of the Financial Statements
for the Year Ended 30 January 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Balance Sheet
30 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,118,052 1,119,707

CURRENT ASSETS
Debtors 5 638,568 459,333
Cash at bank and in hand 58 16,771
638,626 476,104
CREDITORS
Amounts falling due within one year 6 410,573 211,463
NET CURRENT ASSETS 228,053 264,641
TOTAL ASSETS LESS CURRENT LIABILITIES 1,346,105 1,384,348

CREDITORS
Amounts falling due after more than one
year

7

(501,028

)

(632,343

)

PROVISIONS FOR LIABILITIES (1,041 ) (1,356 )
NET ASSETS 844,036 750,649

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserves 9 234,834 234,834
Retained earnings 609,200 515,813
SHAREHOLDERS' FUNDS 844,036 750,649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Balance Sheet - continued
30 January 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:




Mr M E Ollier - Director



Mr A J Smurthwaite - Director


Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Notes to the Financial Statements
for the Year Ended 30 January 2023

1. STATUTORY INFORMATION

Ollier Smurthwaite Architects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06051332

Registered office: 40 King Street
Manchester
M2 6BA

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of good and services, excluding VAT.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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 - NIL % per annum
Improvements to property - NIL % per annum
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 31 January 2022
and 30 January 2023 632,843 479,729 23,056 2,629 1,138,257
DEPRECIATION
At 31 January 2022 - - 17,682 868 18,550
Charge for year - - 1,074 581 1,655
At 30 January 2023 - - 18,756 1,449 20,205
NET BOOK VALUE
At 30 January 2023 632,843 479,729 4,300 1,180 1,118,052
At 30 January 2022 632,843 479,729 5,374 1,761 1,119,707

Cost or valuation at 30 January 2023 is represented by:

Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
Valuation in 2019 304,834 - - - 304,834
Valuation in 2020 (70,000 ) - - - (70,000 )
Cost 398,009 479,729 23,056 2,629 903,423
632,843 479,729 23,056 2,629 1,138,257

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 371,445 318,707
Work in progress 102,000 100,000
Other debtors 165,123 40,626
638,568 459,333

Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 119,557 47,046
Trade creditors 1,928 -
Taxation and social security 203,308 98,261
Other creditors 85,780 66,156
410,573 211,463

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 501,028 632,343

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 501,028 632,343

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 606,364 679,389

The Royal Bank of Scotland PLC have a fixed and floating charge which covers all the property or undertaking of the company.

9. RESERVES
Non
distributable
reserves
£   
At 31 January 2022
and 30 January 2023 234,834