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REGISTERED NUMBER: 06927269 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Caroe Architecture Ltd

Caroe Architecture Ltd (Registered number: 06927269)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caroe Architecture Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr O B Caroe
Mr M Hammond





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Office 5, Unit 8
23-25 Gwydir Street
Cambridge
Cambridgeshire
CB1 2LG





REGISTERED NUMBER: 06927269 (England and Wales)

Caroe Architecture Ltd (Registered number: 06927269)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 40,415 24,596

CURRENT ASSETS
Stocks 31,094 35,948
Debtors 6 302,795 375,244
Cash at bank 1,020,220 981,639
1,354,109 1,392,831
CREDITORS
Amounts falling due within one year 7 536,391 497,628
NET CURRENT ASSETS 817,718 895,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

858,133

919,799

PROVISIONS FOR LIABILITIES 9,644 4,674
NET ASSETS 848,489 915,125

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 848,389 915,025
848,489 915,125

Caroe Architecture Ltd (Registered number: 06927269)

Balance Sheet - continued
31 March 2023


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 14 November 2023 and were signed on its behalf by:




Mr O B Caroe - Director



Mr M Hammond - Director


Caroe Architecture Ltd (Registered number: 06927269)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Caroe Architecture Ltd 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Land and buildings - 20% on cost
Plant and machinery etc - 20% on reducing balance

Government grants
Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Caroe Architecture Ltd (Registered number: 06927269)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 17 ) .

Caroe Architecture Ltd (Registered number: 06927269)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 15,726 73,259 88,985
Additions - 32,601 32,601
Disposals - (20,520 ) (20,520 )
At 31 March 2023 15,726 85,340 101,066
DEPRECIATION
At 1 April 2022 15,726 48,663 64,389
Charge for year - 13,479 13,479
Eliminated on disposal - (17,217 ) (17,217 )
At 31 March 2023 15,726 44,925 60,651
NET BOOK VALUE
At 31 March 2023 - 40,415 40,415
At 31 March 2022 - 24,596 24,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 294,080 358,686
Other debtors 8,715 16,558
302,795 375,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,794 28,271
Taxation and social security 133,372 134,867
Other creditors 366,225 334,490
536,391 497,628

Other creditors disclosed above include a balance of accruals £66,522 (2022 - £89,097), deferred income of £nil (2022 - £21,788), directors' loan account balances £299,558 (2022 - £219,855), and other creditors £145 (2022 - £3,750).

Caroe Architecture Ltd (Registered number: 06927269)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,880 9,880
Between one and five years 16,467 6,587
26,347 16,467