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REGISTERED NUMBER: SC548198 (Scotland)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LOADER AND MONTEITH ARCHITECTS LTD.

LOADER AND MONTEITH ARCHITECTS LTD. (REGISTERED NUMBER: SC548198)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


LOADER AND MONTEITH ARCHITECTS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Loader
I Monteith
I King





REGISTERED OFFICE: Office 207
Oxford House
71 Oxford Street
Glasgow
G5 9EP





REGISTERED NUMBER: SC548198 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

LOADER AND MONTEITH ARCHITECTS LTD. (REGISTERED NUMBER: SC548198)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,929 1,680

CURRENT ASSETS
Stocks 5 16,598 17,435
Debtors 6 16,499 8,933
Cash at bank and in hand 73,455 57,804
106,552 84,172
CREDITORS
Amounts falling due within one year 7 34,032 37,953
NET CURRENT ASSETS 72,520 46,219
TOTAL ASSETS LESS CURRENT LIABILITIES 74,449 47,899

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 74,349 47,799
SHAREHOLDERS' FUNDS 74,449 47,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:




I Monteith - Director



M Loader - Director


LOADER AND MONTEITH ARCHITECTS LTD. (REGISTERED NUMBER: SC548198)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2021 100 38,142 38,242

Changes in equity
Dividends - (47,000 ) (47,000 )
Total comprehensive income - 56,657 56,657
Balance at 31 March 2022 100 47,799 47,899

Changes in equity
Dividends - (51,280 ) (51,280 )
Total comprehensive income - 77,830 77,830
Balance at 31 March 2023 100 74,349 74,449

LOADER AND MONTEITH ARCHITECTS LTD. (REGISTERED NUMBER: SC548198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Loader And Monteith Architects Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received, net of VAT and represents the supply of services under contracts.

Turnover is recognised at the point at which the following conditions can be satisfied:

The Company has fulfilled its contractual obligations to the customer;

The amount of revenue can be reliably measured; and

It is probable that the economic benefit associated with the sale will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Computer equipment - Straight line over 3 years

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

Inventories
Inventories have been valued at the lower of cost and net realisable value estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

LOADER AND MONTEITH ARCHITECTS LTD. (REGISTERED NUMBER: SC548198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

Debtors and creditors that fall due within one year
Debtors and creditors that fall due within one year are recorded in the financial statements at undiscounted transaction (invoice) price. Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the profit and loss and shown within administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 4,511 3,997 8,508
Additions - 2,086 2,086
At 31 March 2023 4,511 6,083 10,594
DEPRECIATION
At 1 April 2022 3,796 3,032 6,828
Charge for year 380 1,457 1,837
At 31 March 2023 4,176 4,489 8,665
NET BOOK VALUE
At 31 March 2023 335 1,594 1,929
At 31 March 2022 715 965 1,680

5. STOCKS
2023 2022
£    £   
Work-in-progress 16,598 17,435

LOADER AND MONTEITH ARCHITECTS LTD. (REGISTERED NUMBER: SC548198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,075 7,509
Other debtors 1,424 1,424
16,499 8,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,561 705
Corporation tax 13,890 13,693
Social security and other taxes - 1,391
VAT 15,597 12,527
Directors' current accounts 1,282 8,937
Accruals and deferred income 702 700
34,032 37,953

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M Loader
Balance outstanding at start of year (7,656 ) (6,144 )
Amounts advanced 7,656 -
Amounts repaid - (1,512 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (7,656 )

I Monteith
Balance outstanding at start of year (1,282 ) (998 )
Amounts repaid - (284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,282 ) (1,282 )