Company Registration No. 11805006 (England and Wales)
ASM Architecture Ltd
Unaudited accounts
for the year ended 28 February 2023
ASM Architecture Ltd
Unaudited accounts
Contents
ASM Architecture Ltd
Company Information
for the year ended 28 February 2023
Directors
Mr Alex Spencer-Mills
Mrs Michelle Spencer-Mills
Company Number
11805006 (England and Wales)
Registered Office
1 SUNNINGDALE GROVE
HEIGHINGTON
LN4 1SP
UNITED KINGDOM
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
ASM Architecture Ltd
Accountants' report
Accountants' report to the board of directors of ASM Architecture Ltd on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ASM Architecture Ltd for the year ended
28 February 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ASM Architecture Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ASM Architecture Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ASM Architecture Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ASM Architecture Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ASM Architecture Ltd. You consider that ASM Architecture Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ASM Architecture Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
27 November 2023
ASM Architecture Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
4,714
1,213
Cash at bank and in hand
4,167
48,455
Creditors: amounts falling due within one year
(28,279)
(29,213)
Net current assets
9,962
23,858
Total assets less current liabilities
14,676
25,071
Creditors: amounts falling due after more than one year
(8,125)
(10,625)
Called up share capital
100
100
Profit and loss account
6,451
14,346
Shareholders' funds
6,551
14,446
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
Mr Alex Spencer-Mills
Director
Company Registration No. 11805006
ASM Architecture Ltd
Notes to the Accounts
for the year ended 28 February 2023
ASM Architecture Ltd is a private company, limited by shares, registered in England and Wales, registration number 11805006. The registered office is 1 SUNNINGDALE GROVE, HEIGHINGTON, LN4 1SP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
-
2,095
2,095
At 28 February 2023
616
6,146
6,762
Charge for the year
60
1,106
1,166
At 28 February 2023
60
1,988
2,048
At 28 February 2023
556
4,158
4,714
At 28 February 2022
-
1,213
1,213
Amounts falling due within one year
ASM Architecture Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,973
21,704
Other creditors
9,547
2,442
7
Creditors: amounts falling due after more than one year
2023
2022
In Jan 2021, the company received a Bounce Back Loan of £12,500, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).