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REGISTERED NUMBER: 08576594 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Design Studio Architects Limited

Design Studio Architects Limited (Registered number: 08576594)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Design Studio Architects Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr K Sudera
Mrs S Sudera





REGISTERED OFFICE: Regent House
7 Upper King Street
Leicester
Leicestershire
LE1 6XB





REGISTERED NUMBER: 08576594 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Design Studio Architects Limited (Registered number: 08576594)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 551,702 460,832
Investments 5 10 10
551,712 460,842

CURRENT ASSETS
Debtors 6 83,838 190,270
Cash at bank 40,422 27,857
124,260 218,127
CREDITORS
Amounts falling due within one year 7 (297,251 ) (255,380 )
NET CURRENT LIABILITIES (172,991 ) (37,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,721

423,589

CREDITORS
Amounts falling due after more than one
year

8

(325,785

)

(371,948

)

PROVISIONS FOR LIABILITIES (1,837 ) (2,230 )
NET ASSETS 51,099 49,411

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 51,079 49,391
SHAREHOLDERS' FUNDS 51,099 49,411

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

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

Design Studio Architects Limited (Registered number: 08576594)

Balance Sheet - continued
30 June 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 29 January 2024 and were signed on its behalf by:





Mr K Sudera - Director


Design Studio Architects Limited (Registered number: 08576594)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Design Studio 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

Government grants
Government grants receivable in relation to expenditure is recognised when the expenditure is charged to the profit and loss.

Design Studio Architects Limited (Registered number: 08576594)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2022 485,000 - 317
Additions - 103,055 1,421
At 30 June 2023 485,000 103,055 1,738
DEPRECIATION
At 1 July 2022 33,086 - 280
Charge for year 9,700 2,061 37
At 30 June 2023 42,786 2,061 317
NET BOOK VALUE
At 30 June 2023 442,214 100,994 1,421
At 30 June 2022 451,914 - 37

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 9,574 26,903 521,794
Additions 2,200 1,552 108,228
At 30 June 2023 11,774 28,455 630,022
DEPRECIATION
At 1 July 2022 6,230 21,366 60,962
Charge for year 1,386 4,174 17,358
At 30 June 2023 7,616 25,540 78,320
NET BOOK VALUE
At 30 June 2023 4,158 2,915 551,702
At 30 June 2022 3,344 5,537 460,832

Design Studio Architects Limited (Registered number: 08576594)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 10
NET BOOK VALUE
At 30 June 2023 10
At 30 June 2022 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 63,282 55,682
Other debtors 20,556 134,588
83,838 190,270

Other debtors includes prepayments and accrued income of £794 (2022 - £634).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 46,630 58,789
Trade creditors 87,511 65,646
Taxation and social security 31,670 28,074
Other creditors 131,440 102,871
297,251 255,380

Other creditors includes accruals and deferred income of £1,800 (2022 - £1,800).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 325,785 371,948

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 184,678 213,224

Design Studio Architects Limited (Registered number: 08576594)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 372,415 417,641

The above loans are secured over the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr K Sudera
Balance outstanding at start of year - -
Amounts advanced - 4,839
Amounts repaid - (4,839 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

This loan was interest free and repayable on demand.