Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueNo description of principal activity2022-04-01false1717trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08047357 2022-04-01 2023-03-31 08047357 2021-04-01 2022-03-31 08047357 2023-03-31 08047357 2022-03-31 08047357 c:Director1 2022-04-01 2023-03-31 08047357 c:Director2 2022-04-01 2023-03-31 08047357 d:PlantMachinery 2022-04-01 2023-03-31 08047357 d:PlantMachinery 2023-03-31 08047357 d:PlantMachinery 2022-03-31 08047357 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08047357 d:MotorVehicles 2022-04-01 2023-03-31 08047357 d:MotorVehicles 2023-03-31 08047357 d:MotorVehicles 2022-03-31 08047357 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08047357 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08047357 d:CurrentFinancialInstruments 2023-03-31 08047357 d:CurrentFinancialInstruments 2022-03-31 08047357 d:Non-currentFinancialInstruments 2023-03-31 08047357 d:Non-currentFinancialInstruments 2022-03-31 08047357 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08047357 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08047357 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08047357 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08047357 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08047357 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 08047357 d:UKTax 2022-04-01 2023-03-31 08047357 d:UKTax 2021-04-01 2022-03-31 08047357 d:ShareCapital 2023-03-31 08047357 d:ShareCapital 2022-03-31 08047357 d:RetainedEarningsAccumulatedLosses 2023-03-31 08047357 d:RetainedEarningsAccumulatedLosses 2022-03-31 08047357 c:FRS102 2022-04-01 2023-03-31 08047357 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08047357 c:FullAccounts 2022-04-01 2023-03-31 08047357 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08047357 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08047357









STUDIO OF DESIGN AND ARCHITECTURE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
REGISTERED NUMBER: 08047357

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
71,288
12,964

  
71,288
12,964

Current assets
  

Debtors: amounts falling due within one year
 6 
390,449
313,097

Cash at bank and in hand
 7 
188,972
444,887

  
579,421
757,984

Creditors: amounts falling due within one year
 8 
(274,497)
(379,673)

Net current assets
  
 
 
304,924
 
 
378,311

Total assets less current liabilities
  
376,212
391,275

Creditors: amounts falling due after more than one year
 9 
(36,002)
(92,737)

  

Net assets
  
340,210
298,538


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
339,210
297,538

  
340,210
298,538


Page 1

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
REGISTERED NUMBER: 08047357
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 directors acknowledge their 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 on 20 September 2023.




R Potter
L Sanjuan
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Studio of Design and Architecture 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

 
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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

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.

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:

Plant and machinery
-
25%
On Cost
Motor vehicles
-
20%
On Cost

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.

 
2.4

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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Taxation

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 17).

Page 5

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
37,515
89,837

Adjustments in respect of previous periods
(26,571)
(22,790)


10,944
67,047


Total current tax
10,944
67,047

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 of19% (2022 - 19%).



5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 April 2022
96,161
-
96,161


Additions
20,130
49,590
69,720



At 31 March 2023

116,291
49,590
165,881



Depreciation


At 1 April 2022
83,197
-
83,197


Charge for the year on owned assets
8,090
3,306
11,396



At 31 March 2023

91,287
3,306
94,593



Net book value



At 31 March 2023
25,004
46,284
71,288



At 31 March 2022
12,964
-
12,964

Page 6

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
220,180
242,229

Other debtors
20,350
20,349

Prepayments and accrued income
149,919
50,519

390,449
313,097



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
188,972
444,887

188,972
444,887



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
30,758
44,239

Other taxation and social security
83,398
131,204

Corporation tax
37,515
67,047

Other creditors
52,849
39,047

Accruals and deferred income
15,145
43,013

Bank loans
54,832
55,123

274,497
379,673


The above bank loan is  secured by fixed and floating charges over the assets of the company.

Page 7

 
STUDIO OF DESIGN AND ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
36,002
92,737

36,002
92,737


The above bank loan is  secured by fixed and floating charges over the assets of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
54,832
55,123


54,832
55,123


Amounts falling due 2-5 years

Bank loans
36,002
92,737


36,002
92,737


90,834
147,860


 
Page 8