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REGISTERED NUMBER: 09123397 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

MICHAEL TITE ARCHITECTURE LIMITED

MICHAEL TITE ARCHITECTURE LIMITED (REGISTERED NUMBER: 09123397)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL TITE ARCHITECTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M W Tite





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 09123397 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

MICHAEL TITE ARCHITECTURE LIMITED (REGISTERED NUMBER: 09123397)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,399 6,439

CURRENT ASSETS
Debtors 5 - 6,929
Cash at bank 6,291 2,358
6,291 9,287
CREDITORS
Amounts falling due within one year 6 (8,999 ) (7,889 )
NET CURRENT (LIABILITIES)/ASSETS (2,708 ) 1,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,691

7,837

PROVISIONS FOR LIABILITIES 7 (1,184 ) (1,224 )
NET ASSETS 2,507 6,613

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 2,506 6,612
SHAREHOLDERS' FUNDS 2,507 6,613

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

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

MICHAEL TITE ARCHITECTURE LIMITED (REGISTERED NUMBER: 09123397)

BALANCE SHEET - continued
31 JULY 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 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:





M W Tite - Director


MICHAEL TITE ARCHITECTURE LIMITED (REGISTERED NUMBER: 09123397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Michael Tite Architecture 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 represents net invoiced supply of services, excluding value added tax.

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.
Office equipment - 20% on cost
Computer equipment - 20% on 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.

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.

3. EMPLOYEES AND DIRECTORS

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

MICHAEL TITE ARCHITECTURE LIMITED (REGISTERED NUMBER: 09123397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 August 2022 3,644 6,853 10,497
Additions - 1,923 1,923
At 31 July 2023 3,644 8,776 12,420
DEPRECIATION
At 1 August 2022 1,453 2,605 4,058
Charge for year 798 1,165 1,963
At 31 July 2023 2,251 3,770 6,021
NET BOOK VALUE
At 31 July 2023 1,393 5,006 6,399
At 31 July 2022 2,191 4,248 6,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 485
Other debtors - 6,444
- 6,929

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 7,274 6,439
Other creditors 1,725 1,450
8,999 7,889

7. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 1,184 1,224

Deferred
tax
£   
Balance at 1 August 2022 1,224
Credit to Income Statement during year (40 )
Balance at 31 July 2023 1,184

MICHAEL TITE ARCHITECTURE LIMITED (REGISTERED NUMBER: 09123397)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1