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REGISTERED NUMBER: 02376728 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BCR INFINITY ARCHITECTS LIMITED

BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BCR INFINITY ARCHITECTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2023







DIRECTORS: Ms A O'Gorman
Mr C Jones





REGISTERED OFFICE: 1 Wellington Street
Cambridge
Cambridgeshire
CB1 1HW





REGISTERED NUMBER: 02376728 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 92,450 68,689

CURRENT ASSETS
Debtors 5 598,332 518,244
Cash at bank 515,265 262,169
1,113,597 780,413
CREDITORS
Amounts falling due within one year 6 467,306 441,745
NET CURRENT ASSETS 646,291 338,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,741

407,357

CREDITORS
Amounts falling due after more than one
year

7

(19,167

)

(29,602

)

PROVISIONS FOR LIABILITIES 10 (23,112 ) (13,051 )
NET ASSETS 696,462 364,704

CAPITAL AND RESERVES
Called up share capital 63,120 63,120
Retained earnings 11 633,342 301,584
SHAREHOLDERS' FUNDS 696,462 364,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

BALANCE SHEET - continued
30 June 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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




Ms A O'Gorman - Director



Mr C Jones - Director


BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

BCR Infinity 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.

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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 10% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company
becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct costs.


BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
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.

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 year was 25 (2022 - 27 ) .

BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 105,194 12,082 66,127 183,403
Additions 40,179 6,827 3,188 50,194
At 30 June 2023 145,373 18,909 69,315 233,597
DEPRECIATION
At 1 July 2022 77,716 7,851 29,147 114,714
Charge for year 19,800 1,891 4,742 26,433
At 30 June 2023 97,516 9,742 33,889 141,147
NET BOOK VALUE
At 30 June 2023 47,857 9,167 35,426 92,450
At 30 June 2022 27,478 4,231 36,980 68,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 435,191 416,314
Allowance for doubtful debts (32,913 ) (27,257 )
Amounts recoverable on contract 166,667 98,432
Other debtors 5,250 5,250
Prepayments and accrued income 24,137 25,505
598,332 518,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,000 9,775
Trade creditors 65,610 102,850
Tax 84,483 (1,529 )
Social security and other taxes 58,360 25,815
VAT 130,686 120,762
Credit card 2,825 3,107
Directors' current accounts 14,238 79,965
Accrued expenses 101,104 101,000
467,306 441,745

BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 19,167 29,602

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 9,775

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,022

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,167 19,580

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 34,400 34,400
Between one and five years 17,200 51,600
51,600 86,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 23,112 13,051

Deferred
tax
£   
Balance at 1 July 2022 13,051
Provided during year 10,061
Balance at 30 June 2023 23,112

BCR INFINITY ARCHITECTS LIMITED (REGISTERED NUMBER: 02376728)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2023


11. RESERVES
Retained
earnings
£   

At 1 July 2022 301,584
Profit for the year 459,158
Dividends (127,400 )
At 30 June 2023 633,342

12. ULTIMATE CONTROLLING PARTY

The controlling parties are C A Jones and A O'Gorman by virtue of their holdings of the issued ordinary share capital.