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REGISTERED NUMBER: 08936262 (England and Wales)















YIANGOU ARCHITECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2023






YIANGOU ARCHITECTS LIMITED (REGISTERED NUMBER: 08936262)

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










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


YIANGOU ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: Mr A A Inchley
Mr N D Quinn
Mr A D L Lewis
Mr R W F Sharpe
Mr A J Salmon





REGISTERED OFFICE: Dyer House
3 Dyer Street
CIRENCESTER
Gloucestershire
GL7 2PP





REGISTERED NUMBER: 08936262 (England and Wales)





ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG

YIANGOU ARCHITECTS LIMITED (REGISTERED NUMBER: 08936262)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 66,138 52,509
66,138 52,509

CURRENT ASSETS
Stocks 109,841 59,819
Debtors 6 745,790 718,702
Cash at bank and in hand 461,870 816,164
1,317,501 1,594,685
CREDITORS
Amounts falling due within one year 7 814,958 767,634
NET CURRENT ASSETS 502,543 827,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

568,681

879,560

PROVISIONS FOR LIABILITIES 11,842 3,188
NET ASSETS 556,839 876,372

CAPITAL AND RESERVES
Called up share capital 588 588
Share premium 91,594 91,594
Retained earnings 464,657 784,190
556,839 876,372

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

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

YIANGOU ARCHITECTS LIMITED (REGISTERED NUMBER: 08936262)

STATEMENT OF FINANCIAL POSITION - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th November 2023 and were signed on its behalf by:





Mr N D Quinn - Director


YIANGOU ARCHITECTS LIMITED (REGISTERED NUMBER: 08936262)

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


1. STATUTORY INFORMATION

Yiangou Architects Limited is a private company limited by share, registered in England and Wales.

The company's registered number is 08936262.

The company's registered office address is Dyer House, 3 Dyer Street, Cirencester, GL7 2PP.

The presentation currency of the financial statements is the £ pound sterling.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
- The amount of revenue can be reliabily measured
- It is is probable that future economic benefits will flow to the entity
- Specific criteria have been met for each of the company's activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

YIANGOU ARCHITECTS LIMITED (REGISTERED NUMBER: 08936262)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the term of the lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 2 years

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
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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 33 (2022 - 31 ) .

YIANGOU ARCHITECTS LIMITED (REGISTERED NUMBER: 08936262)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 2,350,000
AMORTISATION
At 1st May 2022
and 30th April 2023 2,350,000
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1st May 2022 38,350 44,883 211,229 294,462
Additions - 4,609 48,108 52,717
Disposals - - (8,465 ) (8,465 )
At 30th April 2023 38,350 49,492 250,872 338,714
DEPRECIATION
At 1st May 2022 37,214 25,176 179,563 241,953
Charge for year 1,023 5,576 32,489 39,088
Eliminated on disposal - - (8,465 ) (8,465 )
At 30th April 2023 38,237 30,752 203,587 272,576
NET BOOK VALUE
At 30th April 2023 113 18,740 47,285 66,138
At 30th April 2022 1,136 19,707 31,666 52,509

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 588,235 589,405
Other debtors 157,555 129,297
745,790 718,702

YIANGOU ARCHITECTS LIMITED (REGISTERED NUMBER: 08936262)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,914 36,702
Amounts owed to group undertakings 163,029 133,488
Taxation and social security 433,429 440,311
Other creditors 158,586 157,133
814,958 767,634

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 50,300 60,360
Between one and five years - 50,300
50,300 110,660