Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31false2022-02-01No description of principal activity66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09375643 2022-02-01 2023-01-31 09375643 2021-02-01 2022-01-31 09375643 2023-01-31 09375643 2022-01-31 09375643 c:Director1 2022-02-01 2023-01-31 09375643 d:MotorVehicles 2022-02-01 2023-01-31 09375643 d:MotorVehicles 2023-01-31 09375643 d:MotorVehicles 2022-01-31 09375643 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 09375643 d:FurnitureFittings 2022-02-01 2023-01-31 09375643 d:FurnitureFittings 2023-01-31 09375643 d:FurnitureFittings 2022-01-31 09375643 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 09375643 d:OfficeEquipment 2022-02-01 2023-01-31 09375643 d:OfficeEquipment 2023-01-31 09375643 d:OfficeEquipment 2022-01-31 09375643 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 09375643 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 09375643 d:CurrentFinancialInstruments 2023-01-31 09375643 d:CurrentFinancialInstruments 2022-01-31 09375643 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09375643 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 09375643 d:UKTax 2022-02-01 2023-01-31 09375643 d:UKTax 2021-02-01 2022-01-31 09375643 d:ShareCapital 2023-01-31 09375643 d:ShareCapital 2022-01-31 09375643 d:RetainedEarningsAccumulatedLosses 2023-01-31 09375643 d:RetainedEarningsAccumulatedLosses 2022-01-31 09375643 c:FRS102 2022-02-01 2023-01-31 09375643 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 09375643 c:FullAccounts 2022-02-01 2023-01-31 09375643 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09375643 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 09375643 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 iso4217:GBP xbrli:pure

Registered number: 09375643









HAL ARCHITECTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
HAL ARCHITECTS LIMITED
REGISTERED NUMBER: 09375643

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
51,567
38,499

  
51,567
38,499

Current assets
  

Debtors: amounts falling due within one year
 7 
152,724
164,660

Cash at bank and in hand
  
702,181
512,843

  
854,905
677,503

Creditors: amounts falling due within one year
 8 
(166,389)
(120,948)

Net current assets
  
 
 
688,516
 
 
556,555

Total assets less current liabilities
  
740,083
595,054

Provisions for liabilities
  

Deferred tax
 9 
(9,798)
(7,315)

  
 
 
(9,798)
 
 
(7,315)

Net assets
  
730,285
587,739


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
730,185
587,639

  
730,285
587,739


Page 1

 
HAL ARCHITECTS LIMITED
REGISTERED NUMBER: 09375643
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


H S Currey
Director

Date: 12 October 2023

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
HAL ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Hal Architects Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is 101 New Cavendish Street, London, W1W 6XH.
The finanacial statements are presented in Sterling, which is the functional and presentational currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
HAL ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
HAL ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
20%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 5

 
HAL ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
39,792
3,639

Adjustments in respect of previous periods
(1,170)
-


Total current tax
38,622
3,639

Deferred tax


Origination and reversal of timing differences
2,483
5,827

Total deferred tax
2,483
5,827


Taxation on profit on ordinary activities
41,105
9,466

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2022 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Dividends

2023
2022
£
£


Dividends
40,000
40,000

40,000
40,000

Page 6

 
HAL ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2022
35,029
14,115
10,405
59,549


Additions
-
-
27,130
27,130



At 31 January 2023

35,029
14,115
37,535
86,679



Depreciation


At 1 February 2022
3,648
9,657
7,745
21,050


Charge for the year on owned assets
8,757
1,895
3,410
14,062



At 31 January 2023

12,405
11,552
11,155
35,112



Net book value



At 31 January 2023
22,624
2,563
26,380
51,567



At 31 January 2022
31,381
4,458
2,660
38,499

Page 7

 
HAL ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

7.


Debtors

2023
2022
£
£


Trade debtors
119,595
133,916

Other debtors
2,300
2,300

Prepayments and accrued income
30,829
28,444

152,724
164,660



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,825
4,859

Corporation tax
38,557
3,575

Other taxation and social security
42,517
44,751

Other creditors
71,839
66,722

Accruals and deferred income
9,651
1,041

166,389
120,948


2023
2022
£
£

Other taxation and social security

PAYE/NI control
14,895
14,842

VAT control
27,623
29,909

42,518
44,751



9.


Deferred taxation




2023


£






At beginning of year
(7,315)


Charged to profit or loss
(2,483)



At end of year
(9,798)

Page 8

 
HAL ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
9,798
7,315

9,798
7,315


10.


Pension commitments

The Company operates a defined contributions pension scheme.  The assets of the scheme are held separately from those of the Company in an independently administered fund.  The pension cost charge represents contributions payable by the Company to the fund and amounted to £44,935 (2022 - £45,069). Contributions totaling £1,076 (2022 - £932) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The company is under the control of its director, H S Currey.
 
Page 9