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REGISTERED NUMBER: 11674624 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Foster Lomas Architects Limited

Foster Lomas Architects Limited (Registered number: 11674624)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Foster Lomas Architects Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: W Foster
G A Lomas





REGISTERED OFFICE: 6 Bluelion Place
237 Long Lane
London
SE1 4PU





REGISTERED NUMBER: 11674624 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Foster Lomas Architects Limited (Registered number: 11674624)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,017 18,394
Tangible assets 5 382,693 20,436
392,710 38,830

CURRENT ASSETS
Debtors 6 1,566,124 2,070,592
Cash at bank and in hand 547,169 642,482
2,113,293 2,713,074
CREDITORS
Amounts falling due within one year 7 264,452 544,130
NET CURRENT ASSETS 1,848,841 2,168,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,241,551

2,207,774

CREDITORS
Amounts falling due after more than one
year

8

(24,266

)

(34,915

)

PROVISIONS FOR LIABILITIES (16,376 ) (6,548 )
NET ASSETS 2,200,909 2,166,311

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,200,907 2,166,309
SHAREHOLDERS' FUNDS 2,200,909 2,166,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Foster Lomas Architects Limited (Registered number: 11674624)

Balance Sheet - continued
30 November 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 29 August 2024 and were signed on its behalf by:





G A Lomas - Director


Foster Lomas Architects Limited (Registered number: 11674624)

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

1. STATUTORY INFORMATION

Foster Lomas Architects Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and accumulated impairment losses

Computer software - 33% on cost

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 - 5% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

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.

Foster Lomas Architects Limited (Registered number: 11674624)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022 34,139
Additions 4,502
At 30 November 2023 38,641
AMORTISATION
At 1 December 2022 15,745
Charge for year 12,879
At 30 November 2023 28,624
NET BOOK VALUE
At 30 November 2023 10,017
At 30 November 2022 18,394

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 - 5,100 4,784 45,204 55,088
Additions 333,509 46,324 3,578 38,299 421,710
At 30 November 2023 333,509 51,424 8,362 83,503 476,798
DEPRECIATION
At 1 December 2022 - 3,449 2,909 28,294 34,652
Charge for year 16,675 12,856 2,091 27,831 59,453
At 30 November 2023 16,675 16,305 5,000 56,125 94,105
NET BOOK VALUE
At 30 November 2023 316,834 35,119 3,362 27,378 382,693
At 30 November 2022 - 1,651 1,875 16,910 20,436

Foster Lomas Architects Limited (Registered number: 11674624)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 274,209 922,649
Amounts owed by group undertakings 1,114,527 1,020,439
Other debtors 10,130 10,130
Intercompany - FLL 102,346 92,827
Directors' current accounts 1,076 1,517
VAT 63,836 -
Prepayments and accrued income - 23,030
1,566,124 2,070,592

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 202,276 137,847
Amounts owed to group undertakings 10,344 -
Tax 19,828 325,403
Social security and other taxes 18,775 12,024
Pension payable 382 -
VAT - 66,495
Credit card 6,650 2,361
Directors' current accounts 6,197 -
264,452 544,130

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years 24,266 34,915