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Company Registration No. 5200483 (England and Wales)
de novo - architecture Limited Unaudited accounts for the year ended 31 March 2024
de novo - architecture Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,446 
39,420 
Current assets
Inventories
510,000 
160,000 
Debtors
299,920 
381,504 
Cash at bank and in hand
41,595 
174,891 
851,515 
716,395 
Creditors: amounts falling due within one year
(310,237)
(301,986)
Net current assets
541,278 
414,409 
Total assets less current liabilities
576,724 
453,829 
Provisions for liabilities
Deferred tax
(8,271)
(6,943)
Net assets
568,453 
446,886 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
568,153 
446,586 
Shareholders' funds
568,453 
446,886 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
J Sanghera Director Company Registration No. 5200483
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de novo - architecture Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
de novo - architecture Limited is a private company, limited by shares, registered in England and Wales, registration number 5200483. The registered office is Berkeley House, 86 High Street, Carshalton, Surrey, SM5 3AE, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Work in Progress
Work in Progress has been valued at the lower of cost and estimated contract price less costs to complete obligations under the individual contract. In respect of work in progress, cost includes a relevant proportion of overheads according to the stage of completion of the contract. Contract work in progress is calculated on a contract by contract basis.
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de novo - architecture Limited Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
14,682 
35,757 
286,437 
336,876 
Additions
- 
7,840 
- 
7,840 
At 31 March 2024
14,682 
43,597 
286,437 
344,716 
Depreciation
At 1 April 2023
14,035 
35,175 
248,246 
297,456 
Charge for the year
162 
2,105 
9,547 
11,814 
At 31 March 2024
14,197 
37,280 
257,793 
309,270 
Net book value
At 31 March 2024
485 
6,317 
28,644 
35,446 
At 31 March 2023
647 
582 
38,191 
39,420 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
214,433 
303,002 
Accrued income and prepayments
85,487 
78,502 
299,920 
381,504 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,236 
Taxes and social security
114,365 
111,000 
Other creditors
8,801 
6,515 
Loans from directors
183,891 
180,355 
Accruals
3,180 
2,880 
310,237 
301,986 
- 4 -
de novo - architecture Limited Notes to the Accounts for the year ended 31 March 2024
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
85,344 
99,720 
Later than one year and not later than five years
299,160 
398,880 
384,504 
498,600 
8
Average number of employees
During the year the average number of employees was 19 (2023: 21).
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