Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-05-01falseNo description of principal activity4144truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 5096844 2022-05-01 2023-04-30 5096844 2021-05-01 2022-04-30 5096844 2023-04-30 5096844 2022-04-30 5096844 c:CompanySecretary1 2022-05-01 2023-04-30 5096844 c:Director1 2022-05-01 2023-04-30 5096844 c:Director2 2022-05-01 2023-04-30 5096844 c:RegisteredOffice 2022-05-01 2023-04-30 5096844 d:PlantMachinery 2022-05-01 2023-04-30 5096844 d:PlantMachinery 2023-04-30 5096844 d:PlantMachinery 2022-04-30 5096844 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 5096844 d:MotorVehicles 2022-05-01 2023-04-30 5096844 d:FurnitureFittings 2022-05-01 2023-04-30 5096844 d:ComputerEquipment 2022-05-01 2023-04-30 5096844 d:CurrentFinancialInstruments 2023-04-30 5096844 d:CurrentFinancialInstruments 2022-04-30 5096844 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 5096844 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 5096844 d:ShareCapital 2023-04-30 5096844 d:ShareCapital 2022-04-30 5096844 d:RetainedEarningsAccumulatedLosses 2023-04-30 5096844 d:RetainedEarningsAccumulatedLosses 2022-04-30 5096844 c:FRS102 2022-05-01 2023-04-30 5096844 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 5096844 c:FullAccounts 2022-05-01 2023-04-30 5096844 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 5096844 6 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure
Company registration number: 5096844







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2023


PATEL TAYLOR ARCHITECTS LIMITED






































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PATEL TAYLOR ARCHITECTS LIMITED
 


 
COMPANY INFORMATION


Directors
P H Patel 
A R Taylor 




Company secretary
A R Taylor



Registered number
5096844



Registered office
48 Rawstorne Street

London

EC1V 7ND




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


PATEL TAYLOR ARCHITECTS LIMITED
REGISTERED NUMBER:5096844



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
98,976
17,605

Investments
 5 
501,596
525,997

  
600,572
543,602

Current assets
  

Debtors: amounts falling due within one year
 6 
6,692,636
7,423,686

Current asset investments
 7 
27,832
20,299

Cash at bank and in hand
  
274,929
250,872

  
6,995,397
7,694,857

Creditors: amounts falling due within one year
 8 
(609,352)
(672,894)

Net current assets
  
 
 
6,386,045
 
 
7,021,963

Total assets less current liabilities
  
6,986,617
7,565,565

  

Net assets
  
6,986,617
7,565,565


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
6,986,517
7,565,465

  
6,986,617
7,565,565


Page 1

 


PATEL TAYLOR ARCHITECTS LIMITED
REGISTERED NUMBER:5096844


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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 by: 


A R Taylor
Director

Date: 6 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PATEL TAYLOR ARCHITECTS LIMITED
 


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

1.


General information

Patel Taylor Architects Limited is a private company, limited by shares, registered in England and Wales, registration number 5096844. The registered office and the principal place of business is stated on the company information page.

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

Turnover

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

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 reporting date in the countries where the company operates and generates income.

Page 3

 


PATEL TAYLOR ARCHITECTS LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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, on a reducing balance basis and cost.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
on cost
Fixtures and fittings
-
25%
on a reducing balance basis
Computer equipment
-
50%
on cost

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.

 
2.6

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

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 41 (2022 - 44).

Page 4

 


PATEL TAYLOR ARCHITECTS LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery  etc

£



Cost or valuation


At 1 May 2022
352,472


Additions
116,299



At 30 April 2023

468,771



Depreciation


At 1 May 2022
334,867


Charge for the year on owned assets
34,928



At 30 April 2023

369,795



Net book value



At 30 April 2023
98,976



At 30 April 2022
17,605


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 May 2022
525,997


Additions
178,076


Disposals
(186,144)


Revaluations
(16,333)



At 30 April 2023
501,596




Page 5

 


PATEL TAYLOR ARCHITECTS LIMITED
 


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

6.


Debtors

2023
2022
£
£


Trade debtors
1,029,035
1,410,374

Other debtors
5,555,819
5,879,312

Prepayments and accrued income
107,782
134,000

6,692,636
7,423,686



7.


Current asset investments

2023
2022
£
£

Cash held in investment portfolio
27,832
20,299

27,832
20,299



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
112,337
112,475

Corporation tax
17,338
-

Other taxation and social security
255,779
271,609

Other creditors
142,012
81,066

Accruals and deferred income
81,886
207,744

609,352
672,894



9.


Capital commitments

As at 30 April 2023 the company had contracted to purchase fixed assets amounting to £nil (2022: £113,320).




10.


Related party transactions

At year end, there was an amount of £42,942 (2022: £28,157) owed to the director Mr A Taylor. Amounts advanced during the year were £928,737 and amounts drawn during the year were £913,952.
At year end, there was an amount of £67 (2022: £3,660) owed to the director Mr P Patel. Amounts advanced during the year were £910,180 and amounts drawn during the year were £913,773. 
Interest is accrued on the loans and the amount charged for the year totals £46,434.

Page 6