Company registration number 08070236 (England and Wales)
STROM ARCHITECTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
STROM ARCHITECTS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
STROM ARCHITECTS LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr. M Ström
Company number
08070236
Registered office
Unit 4, The Old Printworks
85b High Street
Lymington
Hampshire
United Kingdom
SO41 9AN
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
STROM ARCHITECTS LIMITED
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
29,361
29,571
Current assets
Debtors
5
232,180
165,886
Cash at bank and in hand
133,799
179,037
365,979
344,923
Creditors: amounts falling due within one year
6
(146,765)
(126,766)
Net current assets
219,214
218,157
Total assets less current liabilities
248,575
247,728
Provisions for liabilities
(7,306)
(5,618)
Net assets
241,269
242,110
Capital and reserves
Called up share capital
1,200
1,200
Profit and loss reserves
240,069
240,910
Total equity
241,269
242,110
STROM ARCHITECTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2023
31 May 2023
- 3 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 27 November 2023
Mr. M Ström
Director
Company Registration No. 08070236
The notes on pages 4 to 8 form part of these financial statements
STROM ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
1
Accounting policies
Company information

Strom Architects Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4, The Old Printworks, 85b High Street, Lymington, Hampshire, United Kingdom, SO41 9AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for architectural services provided, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% straight line
Fixtures and fittings
25% reducing balance
Equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

STROM ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
1
Accounting policies
(Continued)
- 5 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

STROM ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
15
13
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2022 and 31 May 2023
9,600
Amortisation and impairment
At 1 June 2022 and 31 May 2023
9,600
Carrying amount
At 31 May 2023
-
0
At 31 May 2022
-
0
STROM ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 7 -
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 June 2022
16,359
7,282
46,430
2,115
72,186
Additions
-
0
-
0
8,894
-
0
8,894
At 31 May 2023
16,359
7,282
55,324
2,115
81,080
Depreciation and impairment
At 1 June 2022
10,792
3,700
27,947
176
42,615
Depreciation charged in the year
1,193
998
6,385
528
9,104
At 31 May 2023
11,985
4,698
34,332
704
51,719
Carrying amount
At 31 May 2023
4,374
2,584
20,992
1,411
29,361
At 31 May 2022
5,567
3,582
18,483
1,939
29,571
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
196,677
134,357
Other debtors
5,926
1,952
Prepayments and accrued income
29,577
29,577
232,180
165,886
STROM ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 8 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
531
Trade creditors
399
31,290
Other taxation and social security
71,114
75,851
Other creditors
2,905
16,503
Accruals and deferred income
72,347
2,591
146,765
126,766

The aggregate of secured creditors falling due within one year is £nil (2022 - £531). These are secured by fixed and floating charges over the company assets.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
78,128
51,648
8
Related party transactions

As at the year end the director owed £1,468 to the company by way of his directors loan account.

2023-05-312022-06-01false27 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr. M Strömfalse080702362022-06-012023-05-3108070236bus:Director12022-06-012023-05-3108070236bus:RegisteredOffice2022-06-012023-05-31080702362023-05-31080702362022-05-3108070236core:LeaseholdImprovements2023-05-3108070236core:FurnitureFittings2023-05-3108070236core:ComputerEquipment2023-05-3108070236core:MotorVehicles2023-05-3108070236core:LeaseholdImprovements2022-05-3108070236core:FurnitureFittings2022-05-3108070236core:ComputerEquipment2022-05-3108070236core:MotorVehicles2022-05-3108070236core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3108070236core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3108070236core:CurrentFinancialInstruments2023-05-3108070236core:CurrentFinancialInstruments2022-05-3108070236core:ShareCapital2023-05-3108070236core:ShareCapital2022-05-3108070236core:RetainedEarningsAccumulatedLosses2023-05-3108070236core:RetainedEarningsAccumulatedLosses2022-05-3108070236core:LeaseholdImprovementscore:LeasedAssetsHeldAsLessee2022-06-012023-05-3108070236core:FurnitureFittings2022-06-012023-05-3108070236core:ComputerEquipment2022-06-012023-05-3108070236core:MotorVehicles2022-06-012023-05-31080702362021-06-012022-05-3108070236core:NetGoodwill2022-05-3108070236core:NetGoodwill2023-05-3108070236core:NetGoodwill2022-05-3108070236core:LeaseholdImprovements2022-05-3108070236core:FurnitureFittings2022-05-3108070236core:ComputerEquipment2022-05-3108070236core:MotorVehicles2022-05-31080702362022-05-3108070236core:LeaseholdImprovements2022-06-012023-05-3108070236bus:PrivateLimitedCompanyLtd2022-06-012023-05-3108070236bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3108070236bus:FRS1022022-06-012023-05-3108070236bus:AuditExemptWithAccountantsReport2022-06-012023-05-3108070236bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP