Registered number
11423871
Critchley Architecture And Design Limited
Filleted Accounts
31 March 2024
Critchley Architecture And Design Limited
Registered number: 11423871
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 1,200
Tangible assets 4 4,146 2,644
4,146 3,844
Current assets
Work In Progress 23,861 12,850
Debtors 5 19,980 13,274
Cash at bank and in hand 49,402 31,208
93,243 57,332
Creditors: amounts falling due within one year 6 (65,542) (35,154)
Net current assets 27,701 22,178
Total assets less current liabilities 31,847 26,022
Provisions for liabilities (788) (502)
Net assets 31,059 25,520
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,959 25,420
Shareholders' funds 31,059 25,520
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S A Roberts
Director
Approved by the board on 31 July 2024
Critchley Architecture And Design Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 12,000
At 31 March 2024 12,000
Amortisation
At 1 April 2023 10,800
Provided during the year 1,200
At 31 March 2024 12,000
Net book value
At 31 March 2024 -
At 31 March 2023 1,200
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 5,657
Additions 2,879
At 31 March 2024 8,536
Depreciation
At 1 April 2023 3,013
Charge for the year 1,377
At 31 March 2024 4,390
Net book value
At 31 March 2024 4,146
At 31 March 2023 2,644
5 Debtors 2024 2023
£ £
Trade debtors 14,691 11,139
Other debtors 5,289 2,135
19,980 13,274
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 34,391 (2,300)
Other creditors 31,151 37,454
65,542 35,154
7 Related party transactions
Included within other creditors is the amount of £943 owed to the directors. (2023 - £1,562) This amount is undated, unsecured, interest free and repayable upon demand.
8 Other information
Critchley Architecture And Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 North Street
Havant
Hampshire
PO9 1PT
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