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REGISTERED NUMBER: SC255196 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Michael Laird Architects Limited

Michael Laird Architects Limited (Registered number: SC255196)






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


Michael Laird Architects Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: K Fraser
T D Griffin
Ms G R Stewart
T S Watters
A Frickleton
C G Fitzsimons
Mrs H Pearson
G Yeaman





REGISTERED OFFICE: 5 Forres Street
Edinburgh
Midlothian
EH3 6DE





REGISTERED NUMBER: SC255196 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Michael Laird Architects Limited (Registered number: SC255196)

Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 163,930 205,869

CURRENT ASSETS
Inventories 132,600 160,000
Debtors 5 1,574,409 1,432,207
Cash at bank and in hand 1,098,521 1,260,095
2,805,530 2,852,302
CREDITORS
Amounts falling due within one year 6 1,341,123 1,487,155
NET CURRENT ASSETS 1,464,407 1,365,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,628,337

1,571,016

CREDITORS
Amounts falling due after more than one
year

7

(49,852

)

-

PROVISIONS FOR LIABILITIES (39,500 ) (38,000 )
NET ASSETS 1,538,985 1,533,016

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 769,267 769,267
Retained earnings 769,218 763,249
1,538,985 1,533,016

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.

Michael Laird Architects Limited (Registered number: SC255196)

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 11 March 2024 and were signed on its behalf by:





T D Griffin - Director


Michael Laird Architects Limited (Registered number: SC255196)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Michael Laird Architects Limited is a private company, limited by shares , registered in Scotland. 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
Revenue 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 each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% 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 inventories to their present location and condition.

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.

Michael Laird Architects Limited (Registered number: SC255196)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 82 (2022 - 76 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 July 2022 109,593 758,270 241,018 1,108,881
Additions - 71,573 10,925 82,498
At 30 June 2023 109,593 829,843 251,943 1,191,379
DEPRECIATION
At 1 July 2022 44,300 635,848 222,864 903,012
Charge for year 10,959 94,252 19,226 124,437
At 30 June 2023 55,259 730,100 242,090 1,027,449
NET BOOK VALUE
At 30 June 2023 54,334 99,743 9,853 163,930
At 30 June 2022 65,293 122,422 18,154 205,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 1,246,310 1,203,875
Amounts owed by group undertakings 31,096 -
Other debtors 4,902 5,697
Prepayments 292,101 222,635
1,574,409 1,432,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 56,548 89,874
Amounts owed to group undertakings 450,232 603,900
Tax 135,581 79,078
Social security and other taxes 90,395 113,569
VAT 230,425 276,312
Other creditors 54,669 27,219
Accrued expenses 323,273 297,203
1,341,123 1,487,155

Michael Laird Architects Limited (Registered number: SC255196)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Other creditors 49,852 -