Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31122022-04-01falseproviding professional building architectural services10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03768963 2022-04-01 2023-03-31 03768963 2021-04-01 2022-03-31 03768963 2023-03-31 03768963 2022-03-31 03768963 c:Director2 2022-04-01 2023-03-31 03768963 d:PlantMachinery 2022-04-01 2023-03-31 03768963 d:PlantMachinery 2023-03-31 03768963 d:PlantMachinery 2022-03-31 03768963 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03768963 d:FurnitureFittings 2022-04-01 2023-03-31 03768963 d:FurnitureFittings 2023-03-31 03768963 d:FurnitureFittings 2022-03-31 03768963 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03768963 d:ComputerEquipment 2022-04-01 2023-03-31 03768963 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03768963 d:CurrentFinancialInstruments 2023-03-31 03768963 d:CurrentFinancialInstruments 2022-03-31 03768963 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03768963 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03768963 d:ShareCapital 2023-03-31 03768963 d:ShareCapital 2022-03-31 03768963 d:SharePremium 2023-03-31 03768963 d:SharePremium 2022-03-31 03768963 d:RetainedEarningsAccumulatedLosses 2023-03-31 03768963 d:RetainedEarningsAccumulatedLosses 2022-03-31 03768963 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 03768963 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 03768963 c:OrdinaryShareClass1 2022-04-01 2023-03-31 03768963 c:OrdinaryShareClass1 2023-03-31 03768963 c:OrdinaryShareClass1 2022-03-31 03768963 c:OrdinaryShareClass2 2022-04-01 2023-03-31 03768963 c:OrdinaryShareClass2 2023-03-31 03768963 c:OrdinaryShareClass2 2022-03-31 03768963 c:OrdinaryShareClass3 2022-04-01 2023-03-31 03768963 c:OrdinaryShareClass3 2023-03-31 03768963 c:OrdinaryShareClass3 2022-03-31 03768963 c:OrdinaryShareClass4 2022-04-01 2023-03-31 03768963 c:OrdinaryShareClass4 2023-03-31 03768963 c:OrdinaryShareClass4 2022-03-31 03768963 c:FRS102 2022-04-01 2023-03-31 03768963 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03768963 c:FullAccounts 2022-04-01 2023-03-31 03768963 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03768963 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03768963









MICHAEL LYONS ARCHITECTURE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
MICHAEL LYONS ARCHITECTURE LIMITED
REGISTERED NUMBER: 03768963

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,889
4,700

  
3,889
4,700

Current assets
  

Stocks
 5 
20,100
8,640

Debtors: amounts falling due within one year
 6 
36,458
26,487

Cash at bank and in hand
 7 
331,284
375,619

  
387,842
410,746

Creditors: amounts falling due within one year
 8 
(112,101)
(112,660)

Net current assets
  
 
 
275,741
 
 
298,086

Total assets less current liabilities
  
279,630
302,786

  

Net assets
  
279,630
302,786


Capital and reserves
  

Called up share capital 
 10 
1,006
1,006

Share premium account
  
111
111

Profit and loss account
  
278,513
301,669

  
279,630
302,786

Page 1

 
MICHAEL LYONS ARCHITECTURE LIMITED
REGISTERED NUMBER: 03768963
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 December 2023.






................................................
Michael John Lyons
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
MICHAEL LYONS ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Company was incorporated in England and Wales and is a private company limited by share capital. The principal activity of the Company throughout the year was that of providing professional building architectural services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
MICHAEL LYONS ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
MICHAEL LYONS ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
MICHAEL LYONS ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 12).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
1,479
41,207
42,686


Additions
-
3,723
3,723



At 31 March 2023

1,479
44,930
46,409



Depreciation


At 1 April 2022
1,201
36,785
37,986


Charge for the year on owned assets
140
4,394
4,534



At 31 March 2023

1,341
41,179
42,520



Net book value



At 31 March 2023
138
3,751
3,889



At 31 March 2022
278
4,422
4,700

Page 6

 
MICHAEL LYONS ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Stocks

2023
2022
£
£

Work in progress
20,100
8,640

20,100
8,640


Page 7

 
MICHAEL LYONS ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
30,910
23,292

Amounts owed by joint ventures and associated undertakings
1,074
-

Prepayments and accrued income
4,474
3,195

36,458
26,487



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
331,284
375,619

331,284
375,619



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
9,261
-

Trade creditors
2,492
3,936

Corporation tax
59,179
65,600

Other taxation and social security
33,804
27,260

Other creditors
4,212
12,976

Accruals and deferred income
3,153
2,888

112,101
112,660



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
331,284
375,619




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
MICHAEL LYONS ARCHITECTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1 each
1,000
1,000
4 (2022 - 4) Ordinary B shares of £1 each
4
4
1 (2022 - 1) Ordinary C share of £1
1
1
1 (2022 - 1) Ordinary D share of £1
1
1

1,006

1,006



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £83,034 (2022 - £7,227). Contributions totalling £857 (2022 - £641) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

During the year the Company made a payment of £1,074 on behalf of MLA & A Property Limited, a company in which the directors Michael and Alice Lyons are also directors and shareholders.  This amount was outstanding at the year end.


13.


Controlling party

The Company is controlled by the director, Michael John Lyons, by virtue of his shareholding, as described in the Directors' report.

 
Page 9