5 01/04/2022 31/03/2023 2023-03-31 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09442609 2022-04-01 2023-03-31 09442609 2023-03-31 09442609 2022-03-31 09442609 2021-04-01 2022-03-31 09442609 2022-03-31 09442609 2021-03-31 09442609 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 09442609 bus:RegisteredOffice 2022-04-01 2023-03-31 09442609 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 09442609 bus:Director1 2022-04-01 2023-03-31 09442609 bus:Director2 2022-04-01 2023-03-31 09442609 core:IntangibleAssetsOtherThanGoodwill 2023-03-31 09442609 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 09442609 core:PlantMachinery 2022-03-31 09442609 core:FurnitureFittingsToolsEquipment 2022-03-31 09442609 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 09442609 core:PlantMachinery 2023-03-31 09442609 core:FurnitureFittingsToolsEquipment 2023-03-31 09442609 core:WithinOneYear 2023-03-31 09442609 core:WithinOneYear 2022-03-31 09442609 core:AfterOneYear 2023-03-31 09442609 core:AfterOneYear 2022-03-31 09442609 core:ShareCapital 2023-03-31 09442609 core:ShareCapital 2022-03-31 09442609 core:RetainedEarningsAccumulatedLosses 2023-03-31 09442609 core:RetainedEarningsAccumulatedLosses 2022-03-31 09442609 core:PlantMachinery 2022-04-01 2023-03-31 09442609 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 09442609 core:PlantMachinery 2022-03-31 09442609 core:FurnitureFittingsToolsEquipment 2022-03-31 09442609 bus:Director1 2022-03-31 09442609 bus:Director1 2023-03-31 09442609 bus:Director1 2021-03-31 09442609 bus:Director1 2022-03-31 09442609 bus:Director1 2021-04-01 2022-03-31 09442609 bus:SmallEntities 2022-04-01 2023-03-31 09442609 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09442609 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09442609 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09442609 bus:FullAccounts 2022-04-01 2023-03-31 09442609 core:IntangibleAssetsOtherThanGoodwill 2022-04-01 2023-03-31
Company registration number: 09442609
Ty Architecture Cyfyngedig
Unaudited filleted financial statements
31 March 2023
Ty Architecture Cyfyngedig
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Ty Architecture Cyfyngedig
Directors and other information
Directors Mr O P Jones
Mrs B E Jones
Company number 09442609
Registered office 15a Clwyd Street
Ruthin
Denbighshire
LL15 1HF
Accountants Hill and Roberts
1 Tan y Castell
Rhuthun
Sir Ddinbych
LL15 1DQ
Ty Architecture Cyfyngedig
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 37,404 38,435
_______ _______
37,404 38,435
Current assets
Debtors 7 80,298 52,636
Cash at bank and in hand 25,944 14,425
_______ _______
106,242 67,061
Creditors: amounts falling due
within one year 8 ( 59,222) ( 50,515)
_______ _______
Net current assets 47,020 16,546
_______ _______
Total assets less current liabilities 84,424 54,981
Creditors: amounts falling due
after more than one year 9 ( 40,675) ( 25,608)
Provisions for liabilities ( 1,692) ( 1,888)
_______ _______
Net assets 42,057 27,485
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,957 27,385
_______ _______
Shareholders funds 42,057 27,485
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 January 2024 , and are signed on behalf of the board by:
Mr O P Jones
Director
Company registration number: 09442609
Ty Architecture Cyfyngedig
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15a Clwyd Street, Ruthin, Denbighshire, LL15 1HF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Combined other intangible assets - Fully amortised
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 5 ).
5. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 April 2022 and 31 March 2023 540 540
_______ _______
Amortisation
At 1 April 2022 and 31 March 2023 540 540
_______ _______
Carrying amount
At 31 March 2023 - -
_______ _______
At 31 March 2022 - -
_______ _______
6. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 April 2022 28,498 4,390 15,141 48,029
Additions - 323 1,621 1,944
_______ _______ _______ _______
At 31 March 2023 28,498 4,713 16,762 49,973
_______ _______ _______ _______
Depreciation
At 1 April 2022 - 2,676 6,918 9,594
Charge for the year - 510 2,465 2,975
_______ _______ _______ _______
At 31 March 2023 - 3,186 9,383 12,569
_______ _______ _______ _______
Carrying amount
At 31 March 2023 28,498 1,527 7,379 37,404
_______ _______ _______ _______
At 31 March 2022 28,498 1,714 8,223 38,435
_______ _______ _______ _______
7. Debtors
2023 2022
£ £
Trade debtors 12,310 23,151
Other debtors 67,988 29,485
_______ _______
80,298 52,636
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 12,434 11,329
Trade creditors 6,157 7,398
Corporation tax 19,395 9,735
Social security and other taxes 16,331 17,645
Other creditors 4,905 4,408
_______ _______
59,222 50,515
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 40,675 25,608
_______ _______
10. Other financial commitments
As at 31 March 2023 the company had a non cancellable operating lease commitment over the remaining life of the lease of £7,056 (2022 - £10,584).
11. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr O P Jones 20,185 71,935 ( 27,672) 64,448
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr O P Jones 22,175 51,448 ( 53,438) 20,185
_______ _______ _______ _______
Net advance of £44,263 were made by the directors in the year (2022 net repayments of £1,990). Interest is charged at the official rate of 2%. The outstanding amount is repayable on demand. No amounts have been written off or waived during the year.