7177166falsethat of architects, all of which is carried out within the United Kingdom2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 7177166

STUDIO SEVERN ARCHITECTS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

STUDIO SEVERN ARCHITECTS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Peter John Frith
REGISTERED OFFICE
PARKSIDE HOLYHEAD ROAD
BONINGALE
NR ALBRIGHTON
SHROPSHIRE
WV7 3DA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 7177166
BANKERS
LLOYDS BANK plc
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

STUDIO SEVERN ARCHITECTS LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

STUDIO SEVERN ARCHITECTS LIMITED

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets314,14514,380
CURRENT ASSETS
Debtors423,63220,199
Cash at bank and in hand60,31143,339
83,94363,538
CREDITORS: Amounts falling due within one year567,71741,148
NET CURRENT ASSETS16,22622,390
TOTAL ASSETS LESS CURRENT LIABILITIES30,37136,770
CREDITORS: Amounts falling due after more than one year615,82320,833
PROVISIONS FOR LIABILITIES AND CHARGES82,6882,732
NET ASSETS11,86013,205
CAPITAL AND RESERVES
Called up share capital922
Profit and loss account11,85813,203
SHAREHOLDERS' FUNDS11,86013,205
For the year ending 31/03/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/11/2023 and signed on their behalf by
.............................
Peter John Frith
Director

STUDIO SEVERN ARCHITECTS LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Equipmentstraight line10%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

STUDIO SEVERN ARCHITECTS LIMITED

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/202220,00020,000
At 31/03/202320,00020,000
Depreciation
At 01/04/202220,00020,000
At 31/03/202320,00020,000
Net Book Amounts
At 31/03/2023--
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/202228,14028,140
Additions2,7102,710
Disposals(1,400)(1,400)
At 31/03/202329,45029,450
Depreciation
At 01/04/202213,76013,760
Disposals(1,400)(1,400)
For the year2,9452,945
At 31/03/202315,30515,305
Net Book Amounts
At 31/03/202314,14514,145
At 31/03/202214,38014,380
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors21,91618,693
VAT-96
PAYE control422-
Prepayments1,2941,410
23,63220,199

STUDIO SEVERN ARCHITECTS LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,4264,764
VAT7,535-
PAYE control-42
Salaries and wages control215215
Directors current account49,00329,003
Trade creditors2,134453
Other creditors614646
Accruals3,7906,025
67,71741,148
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Lloyds Bank PLC Bounce back loan >1yr15,82320,833
15,82320,833
7. EMPLOYEES
20232022
No.No.
Average number of employees12
Key management personnel is restricted to that of the the director.
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation2,6882,732
2,6882,732

STUDIO SEVERN ARCHITECTS LIMITED

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
Within one year1,4291,272
11. CONTROLLING PARTY
The company is wholly owned by the director Mr P J Frith.
12. RELATED PARTY TRANSACTIONS
Mr P J Frith received a dividend of £ 20,000 in the year ended 31 March 2023 (2022 - £ 20,000).
13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company is principally involved in the supply of architectural services and project management. All of its activities are carried out within the United Kingdom.
14. GENERAL INFORMATION
Studio Severn Architects Limited is a private company limited by shares and incorporated in England. Its registered office is Parkside, Holyhead Road, Boningale, Nr Albrighton, Shropshire, WV7 3DA.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.