1 July 2022 false No description of principal activity Taxfiler 2023.14 07273981business:PrivateLimitedCompanyLtd2022-07-012023-06-30 072739812022-06-30 072739812022-07-012023-06-30 07273981business:AuditExemptWithAccountantsReport2022-07-012023-06-30 07273981business:AbridgedAccounts2022-07-012023-06-30 072739812023-06-30 072739812022-06-30 07273981core:WithinOneYear2023-06-30 07273981core:WithinOneYear2022-06-30 07273981core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 07273981core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 07273981core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 07273981core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 07273981core:PreviouslyStatedAmount2023-06-30 07273981core:PreviouslyStatedAmount2022-06-30 07273981business:SmallEntities2022-07-012023-06-30 07273981business:Director12022-07-012023-06-30 07273981countries:EnglandWales2022-07-012023-06-30 07273981business:RegisteredOffice2022-07-012023-06-30 072739812021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 07273981 (England and Wales)
Method Architects Limited Unaudited Accounts for Filing with the Registrar for the year ended 30 June 2023
Method Architects Limited Unaudited Accounts for Filing with the Registrar Contents
Page
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Method Architects Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
32,777 
40,071 
Cash at bank and in hand
40,759 
44,769 
73,536 
84,840 
Creditors: amounts falling due within one year
(47,942)
(58,018)
Net current assets
25,594 
26,822 
Net assets
25,594 
26,822 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
25,590 
26,818 
Shareholders' funds
25,594 
26,822 
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 January 2024 and were signed on its behalf by
Wendy Ebringer Director Company Registration No. 07273981
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Method Architects Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Method Architects Limited is a private company, limited by shares, registered in England and Wales, registration number 07273981. The registered office is The Office Group, 24 Greville Street, London, EC1N 8SS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
34,895 
At 30 June 2023
34,895 
Depreciation
At 1 July 2022
34,895 
At 30 June 2023
34,895 
Net book value
At 30 June 2023
- 
5
Transactions with related parties
At 30 June 2023 there were loans due to directors of £2,628 (2022: £10,174). The loans are interest free and repayable on demand.
6
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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