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REGISTERED NUMBER: 05854372 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

IAN WYLIE ARCHITECTS LTD

IAN WYLIE ARCHITECTS LTD (REGISTERED NUMBER: 05854372)






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


IAN WYLIE ARCHITECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: I L Wylie





REGISTERED OFFICE: 17 Nottingham Street
London
W1U 5EW





REGISTERED NUMBER: 05854372 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

IAN WYLIE ARCHITECTS LTD (REGISTERED NUMBER: 05854372)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,341 2

CURRENT ASSETS
Debtors 5 55,474 137,065
Cash at bank and in hand 220,967 37,702
276,441 174,767
CREDITORS
Amounts falling due within one year 6 (110,720 ) (148,286 )
NET CURRENT ASSETS 165,721 26,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,062

26,483

CREDITORS
Amounts falling due after more than one year 7 (18,667 ) (26,000 )

PROVISIONS FOR LIABILITIES 9 (255 ) -
NET ASSETS 148,140 483

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 148,040 383
SHAREHOLDERS' FUNDS 148,140 483

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 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.

IAN WYLIE ARCHITECTS LTD (REGISTERED NUMBER: 05854372)

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 director and authorised for issue on 27 March 2024 and were signed by:





I L Wylie - Director


IAN WYLIE ARCHITECTS LTD (REGISTERED NUMBER: 05854372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Ian Wylie 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.

Turnover
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for services provided. Turnover is recognised when a right to consideration has been obtained through performance under each contract and reflects the contract activity during the year having regard to the stage of completion of each contract and the relative uncertainty of predicting ultimate profitability on long term assignments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Software - 33% on cost
Office equipment - 25% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

IAN WYLIE ARCHITECTS LTD (REGISTERED NUMBER: 05854372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Work in progress
The attributable profit on work in progress is recognised once the outcome can be assessed with reasonable certainty. The profit recognised has regard to the stage of completion of the contract. Work in progress balances are included as amounts recoverable on contracts within debtors, after provision has been made for any foreseeable losses and the deduction of applicable payments on account

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Computer Office
Software equipment Totals
£    £    £   
COST
At 1 July 2022 6,000 58,223 64,223
Additions 1,999 - 1,999
At 30 June 2023 7,999 58,223 66,222
DEPRECIATION
At 1 July 2022 5,999 58,222 64,221
Charge for year 660 - 660
At 30 June 2023 6,659 58,222 64,881
NET BOOK VALUE
At 30 June 2023 1,340 1 1,341
At 30 June 2022 1 1 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,483 -
Amounts recoverable on
contracts 30,000 27,933
Other debtors 2,875 2,875
Tax 2,009 14,917
Prepayments and accrued income 7,107 91,340
55,474 137,065

IAN WYLIE ARCHITECTS LTD (REGISTERED NUMBER: 05854372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 8,000 8,929
Trade creditors 6,528 60,164
Corporation tax 25,477 -
VAT 5,564 18,084
Other creditors 840 1,047
Director's current account 57,324 54,154
Accrued expenses 6,987 5,908
110,720 148,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 18,667 26,000

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 8,000 8,929

Amounts falling due between one and two years:
Bank loans due between
1 & 2 years 8,000 8,000
8,000 8,000

Amounts falling due between two and five years:
Bank loans due between
2 & 5 years 10,667 18,000
10,667 18,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 255 -

IAN WYLIE ARCHITECTS LTD (REGISTERED NUMBER: 05854372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 255
Balance at 30 June 2023 255