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REGISTERED NUMBER: 05330775 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

WALTERS AND COHEN ARCHITECTS LIMITED

WALTERS AND COHEN ARCHITECTS LIMITED (REGISTERED NUMBER: 05330775)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTERS AND COHEN ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: M Cohen
C Walters
G Bonfanti
R A Hill





SECRETARY: C Walters





REGISTERED OFFICE: 2 Wilkin Street
London
NW5 3NL





REGISTERED NUMBER: 05330775 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

WALTERS AND COHEN ARCHITECTS LIMITED (REGISTERED NUMBER: 05330775)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,562 20,404
24,562 20,404

CURRENT ASSETS
Stocks 186,085 194,334
Debtors 6 370,121 367,763
Cash at bank and in hand 245 103,237
556,451 665,334
CREDITORS
Amounts falling due within one year 7 (363,284 ) (339,636 )
NET CURRENT ASSETS 193,167 325,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,729

346,102

CREDITORS
Amounts falling due after more than one
year

8

(182,979

)

(257,017

)

PROVISIONS FOR LIABILITIES (4,742 ) (3,868 )
NET ASSETS 30,008 85,217

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 29,808 85,017
SHAREHOLDERS' FUNDS 30,008 85,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WALTERS AND COHEN ARCHITECTS LIMITED (REGISTERED NUMBER: 05330775)

BALANCE SHEET - continued
30 APRIL 2023


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 1 November 2023 and were signed on its behalf by:




M Cohen - Director C Walters - Director




G Bonfanti - Director R A Hill - Director


WALTERS AND COHEN ARCHITECTS LIMITED (REGISTERED NUMBER: 05330775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Walters And Cohen Architects 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

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 represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

WALTERS AND COHEN ARCHITECTS LIMITED (REGISTERED NUMBER: 05330775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 100,000
AMORTISATION
At 1 May 2022
and 30 April 2023 100,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

WALTERS AND COHEN ARCHITECTS LIMITED (REGISTERED NUMBER: 05330775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 4,919 102,547 192,390 299,856
Additions - 657 13,244 13,901
At 30 April 2023 4,919 103,204 205,634 313,757
DEPRECIATION
At 1 May 2022 4,895 99,245 175,312 279,452
Charge for year 6 1,089 8,648 9,743
At 30 April 2023 4,901 100,334 183,960 289,195
NET BOOK VALUE
At 30 April 2023 18 2,870 21,674 24,562
At 30 April 2022 24 3,302 17,078 20,404

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 267,382 329,009
Other debtors 102,739 38,754
370,121 367,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 142,005 112,356
Trade creditors 78,404 68,826
Taxation and social security 131,152 118,225
Other creditors 11,723 40,229
363,284 339,636

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 57,107 129,995
Other creditors 125,872 127,022
182,979 257,017

WALTERS AND COHEN ARCHITECTS LIMITED (REGISTERED NUMBER: 05330775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
200 Ordinary £1 200 200

10. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the employees. Amounts charged to the profit and loss account were £17,485 (2022: £16,703). There were outstanding contributions of £3,777.17 at the balance sheet date.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors' current accounts were overdrawn by £22,920 at the year end, which will be repaid in full by 31 October 2023.

12. RELATED PARTY DISCLOSURES

Walters and Cohen Partnership

An entity under the control of C Walters and M Cohen.


Rent is charged on a commercial arms length basis to Walters and Cohen Ltd and totals £81,060 (2022: £81,060) for the year.

At the year end the amount due to C Walters and M Cohen for rent was £4,053 (2022: £4,053), which is included in trade creditors.

Inspired Education Environments Limited

A company in which both C Walters and M Cohen are directors.


Loan to the value of £125,872 is outstanding at the balance sheet date.