IRIS Accounts Production v24.2.0.383 09336549 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary £1 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093365492022-12-31093365492023-12-31093365492023-01-012023-12-31093365492021-12-31093365492022-01-012022-12-31093365492022-12-3109336549ns15:EnglandWales2023-01-012023-12-3109336549ns14:PoundSterling2023-01-012023-12-3109336549ns10:Director12023-01-012023-12-3109336549ns10:Director22023-01-012023-12-3109336549ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109336549ns10:SmallEntities2023-01-012023-12-3109336549ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109336549ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109336549ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109336549ns10:FullAccounts2023-01-012023-12-3109336549ns10:OrdinaryShareClass12023-01-012023-12-3109336549ns10:RegisteredOffice2023-01-012023-12-3109336549ns5:CurrentFinancialInstruments2023-12-3109336549ns5:CurrentFinancialInstruments2022-12-3109336549ns5:Non-currentFinancialInstruments2023-12-3109336549ns5:Non-currentFinancialInstruments2022-12-3109336549ns5:ShareCapital2023-12-3109336549ns5:ShareCapital2022-12-3109336549ns5:RetainedEarningsAccumulatedLosses2023-12-3109336549ns5:RetainedEarningsAccumulatedLosses2022-12-3109336549ns5:FurnitureFittings2023-01-012023-12-3109336549ns5:ComputerEquipment2023-01-012023-12-3109336549ns5:PlantMachinery2022-12-3109336549ns5:FurnitureFittings2022-12-3109336549ns5:ComputerEquipment2022-12-3109336549ns5:PlantMachinery2023-01-012023-12-3109336549ns5:PlantMachinery2023-12-3109336549ns5:FurnitureFittings2023-12-3109336549ns5:ComputerEquipment2023-12-3109336549ns5:PlantMachinery2022-12-3109336549ns5:FurnitureFittings2022-12-3109336549ns5:ComputerEquipment2022-12-3109336549ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109336549ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109336549ns10:OrdinaryShareClass12023-12-3109336549ns10:Director222022-12-3109336549ns10:Director222021-12-3109336549ns10:Director222023-01-012023-12-3109336549ns10:Director222022-01-012022-12-3109336549ns10:Director222023-12-3109336549ns10:Director222022-12-31093365491ns10:Director12022-12-31093365491ns10:Director12021-12-31093365491ns10:Director12023-01-012023-12-31093365491ns10:Director12022-01-012022-12-31093365491ns10:Director12023-12-31093365491ns10:Director12022-12-31
REGISTERED NUMBER: 09336549 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Smith & Newton Architects Limited

Smith & Newton Architects Limited (Registered number: 09336549)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Smith & Newton Architects Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr C M Smith
Mr D E J Newton





REGISTERED OFFICE: 9 Shepherd's Lane
Homerton
London
E9 6JJ





REGISTERED NUMBER: 09336549 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Smith & Newton Architects Limited (Registered number: 09336549)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,564 13,180

CURRENT ASSETS
Debtors 5 552,590 509,677
Cash at bank and in hand 22,919 40,013
575,509 549,690
CREDITORS
Amounts falling due within one year 6 58,524 52,356
NET CURRENT ASSETS 516,985 497,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,549

510,514

CREDITORS
Amounts falling due after more than one
year

7

(35,187

)

(42,593

)

PROVISIONS FOR LIABILITIES (1,641 ) (3,295 )
NET ASSETS 486,721 464,626

CAPITAL AND RESERVES
Called up share capital 8 12 12
Retained earnings 486,709 464,614
SHAREHOLDERS' FUNDS 486,721 464,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Smith & Newton Architects Limited (Registered number: 09336549)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings 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:




Mr D E J Newton - Director



Mr C M Smith - Director


Smith & Newton Architects Limited (Registered number: 09336549)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Smith & Newton 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Smith & Newton Architects Limited (Registered number: 09336549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 January 2023
and 31 December 2023 800 29,169 22,020 51,989
DEPRECIATION
At 1 January 2023 800 20,654 17,355 38,809
Charge for year - 4,247 2,369 6,616
At 31 December 2023 800 24,901 19,724 45,425
NET BOOK VALUE
At 31 December 2023 - 4,268 2,296 6,564
At 31 December 2022 - 8,515 4,665 13,180

5. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 108,259 60,874
Bad Debt Provision (259 ) (259 )
Directors' current accounts 48,688 12,254
Prepayments 1,529 3,431
158,217 76,300

Amounts falling due after more than one year:
Other debtors 394,373 433,377

Aggregate amounts 552,590 509,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 53,292 47,125
Other creditors 5,232 5,231
58,524 52,356

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 35,187 42,593

Smith & Newton Architects Limited (Registered number: 09336549)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
12 Ordinary £1 1.00 12 12

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£ £
Mr C M Smith
Balance outstanding at start of year 2,484 (16,445 )
Amounts advanced 25,755 27,555
Amounts repaid (7,844 ) (8,626 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,395 2,484

Mr D E J Newton
Balance outstanding at start of year 9,770 (9,776 )
Amounts advanced 25,923 27,692
Amounts repaid (7,401 ) (8,146 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,292 9,770

The Directors loans were repaid within 9 months after the year end.

10. RELATED PARTY DISCLOSURES

Debtors due after more than one year represents a loan to Smith & Newton Developments Ltd. - £394,373 (2022 £433,377). This company is under the common control of the directors. The loan is interest free and repayable no sooner than 53 weeks after the year end.