IRIS Accounts Production v23.3.1.45 14326343 Board of Directors 31.8.22 31.8.23 31.8.23 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143263432022-08-30143263432023-08-31143263432022-08-312023-08-31143263432022-08-3014326343ns10:Originalns15:EnglandWales2022-08-312023-08-3114326343ns14:PoundSterlingns10:Original2022-08-312023-08-3114326343ns10:Originalns10:Director12022-08-312023-08-3114326343ns10:Original2022-08-312023-08-3114326343ns10:Original2023-08-3114326343ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-312023-08-3114326343ns10:Originalns10:SmallEntities2022-08-312023-08-3114326343ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-312023-08-3114326343ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-312023-08-3114326343ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-312023-08-3114326343ns10:Originalns10:FullAccounts2022-08-312023-08-3114326343ns10:Original12022-08-312023-08-3114326343ns10:Originalns10:OrdinaryShareClass12022-08-312023-08-3114326343ns10:Originalns10:OrdinaryShareClass112022-08-312023-08-3114326343ns10:Originalns10:Director22022-08-312023-08-3114326343ns10:Originalns10:RegisteredOffice2022-08-312023-08-3114326343ns10:Originalns5:CurrentFinancialInstruments2023-08-3114326343ns10:Originalns5:Non-currentFinancialInstruments2023-08-3114326343ns5:ShareCapitalns10:Original2023-08-3114326343ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3114326343ns10:Originalns5:NetGoodwill2022-08-312023-08-3114326343ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-312023-08-3114326343ns10:Originalns5:NetGoodwill2023-08-3114326343ns10:Originalns5:FurnitureFittings2022-08-312023-08-3114326343ns10:Originalns5:MotorVehicles2022-08-312023-08-3114326343ns10:Originalns5:ComputerEquipment2022-08-312023-08-3114326343ns10:Originalns5:FurnitureFittings2023-08-3114326343ns10:Originalns5:MotorVehicles2023-08-3114326343ns10:Originalns5:ComputerEquipment2023-08-3114326343ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3114326343ns10:Originalns5:DeferredTaxation2022-08-312023-08-3114326343ns10:Originalns5:DeferredTaxation2023-08-3114326343ns10:Originalns10:OrdinaryShareClass12023-08-31
REGISTERED NUMBER: 14326343 (England and Wales)

















Unaudited Financial Statements

For The Period 31 August 2022 to 31 August 2023

for

M P Chartered Architects Ltd

M P Chartered Architects Ltd (Registered number: 14326343)

Contents of the Financial Statements
For The Period 31 August 2022 to 31 August 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M P Chartered Architects Ltd

Company Information
For The Period 31 August 2022 to 31 August 2023







DIRECTORS: M Pattie
Mrs G Pattie





REGISTERED OFFICE: Great Bansons
Bansons Lane
Ongar
Essex
CM5 9AR





REGISTERED NUMBER: 14326343 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

M P Chartered Architects Ltd (Registered number: 14326343)

Statement of Financial Position
31 August 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 405,000
Tangible assets 5 53,587
458,587

CURRENT ASSETS
Stocks 6 33,764
Debtors 7 82,324
Cash at bank 66,417
182,505
CREDITORS
Amounts falling due within one year 8 485,501
NET CURRENT LIABILITIES (302,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,591

CREDITORS
Amounts falling due after more than one
year

9

(25,833

)

PROVISIONS FOR LIABILITIES 10 (318 )
NET ASSETS 129,440

CAPITAL AND RESERVES
Called up share capital 11 99
Retained earnings 129,341
SHAREHOLDERS' FUNDS 129,440

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

M P Chartered Architects Ltd (Registered number: 14326343)

Statement of Financial Position - continued
31 August 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 30 January 2024 and were signed on its behalf by:





M Pattie - Director


M P Chartered Architects Ltd (Registered number: 14326343)

Notes to the Financial Statements
For The Period 31 August 2022 to 31 August 2023


1. STATUTORY INFORMATION

M P Chartered Architects Ltd 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

M P Chartered Architects Ltd (Registered number: 14326343)

Notes to the Financial Statements - continued
For The Period 31 August 2022 to 31 August 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 15 .

M P Chartered Architects Ltd (Registered number: 14326343)

Notes to the Financial Statements - continued
For The Period 31 August 2022 to 31 August 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 450,000
At 31 August 2023 450,000
AMORTISATION
Charge for period 45,000
At 31 August 2023 45,000
NET BOOK VALUE
At 31 August 2023 405,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
Additions 2,618 40,650 16,499 59,767
At 31 August 2023 2,618 40,650 16,499 59,767
DEPRECIATION
Charge for period 308 3,388 2,484 6,180
At 31 August 2023 308 3,388 2,484 6,180
NET BOOK VALUE
At 31 August 2023 2,310 37,262 14,015 53,587

6. STOCKS
£   
Work-in-progress 33,764

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 72,951
Other debtors 9,373
82,324

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 10,000
Trade creditors 10,736
Taxation and social security 100,818
Other creditors 363,947
485,501

M P Chartered Architects Ltd (Registered number: 14326343)

Notes to the Financial Statements - continued
For The Period 31 August 2022 to 31 August 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 25,833

10. PROVISIONS FOR LIABILITIES
£   
Deferred tax 318

Deferred
tax
£   
Provided during period 318
Balance at 31 August 2023 318

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
99 Ordinary £1 99

99 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.