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REGISTERED NUMBER: 10193179 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Foster Architects Limited

Foster Architects Limited (Registered number: 10193179)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foster Architects Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr A S Foster





SECRETARY: Mr A S Foster





REGISTERED OFFICE: 48 Langham Road
Cambridge
CB1 3SE





REGISTERED NUMBER: 10193179 (England and Wales)

Foster Architects Limited (Registered number: 10193179)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,141 5,723

CURRENT ASSETS
Stocks 6,605 7,408
Debtors 6 16,739 11,881
Cash at bank 218,348 74,030
241,692 93,319
CREDITORS
Amounts falling due within one year 7 66,230 31,203
NET CURRENT ASSETS 175,462 62,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,603

67,839

PROVISIONS FOR LIABILITIES 173 49
NET ASSETS 186,430 67,790

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 186,426 67,786
186,430 67,790

Foster Architects Limited (Registered number: 10193179)

Balance Sheet - continued
31 May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





Mr A S Foster - Director


Foster Architects Limited (Registered number: 10193179)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Foster 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Foster Architects Limited (Registered number: 10193179)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 7,134
Additions 8,398
At 31 May 2023 15,532
DEPRECIATION
At 1 June 2022 1,411
Charge for year 2,980
At 31 May 2023 4,391
NET BOOK VALUE
At 31 May 2023 11,141
At 31 May 2022 5,723

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,592 6,866
Other debtors 5,147 5,015
16,739 11,881

Foster Architects Limited (Registered number: 10193179)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,149 -
Taxation and social security 46,549 19,022
Other creditors 17,532 12,181
66,230 31,203

Included within other creditors is a balance of £4,721 (2022 - £7,914) in relation to accruals and £12,811 (2022 - £4,267) in relation to directors loan account.