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Registered number: 06548051










STIFF AND TREVILLION ARCHITECTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STIFF AND TREVILLION ARCHITECTS LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of STIFF AND TREVILLION ARCHITECTS LIMITED for the year ended 31 March 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of STIFF AND TREVILLION ARCHITECTS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of STIFF AND TREVILLION ARCHITECTS LIMITED and state those matters that we have agreed to state to the Board of directors of STIFF AND TREVILLION ARCHITECTS LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STIFF AND TREVILLION ARCHITECTS LIMITED and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that STIFF AND TREVILLION ARCHITECTS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of STIFF AND TREVILLION ARCHITECTS LIMITED. You consider that STIFF AND TREVILLION ARCHITECTS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of STIFF AND TREVILLION ARCHITECTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Alder Demain & Akers Limited
 
Accountants
  
2 Michaels Court
Hanney Road
Southmoor
Oxon
OX13 5HR
2 September 2024
Page 1

 
STIFF AND TREVILLION ARCHITECTS LIMITED
REGISTERED NUMBER: 06548051

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 7 
548,845
629,421

  
548,845
629,421

Current assets
  

Work in progress
  
251,455
158,477

Debtors: amounts falling due within one year
 8 
2,142,896
2,290,407

Cash at bank and in hand
 9 
1,953,575
2,344,812

  
4,347,926
4,793,696

Creditors: amounts falling due within one year
 10 
(370,755)
(623,467)

Net current assets
  
 
 
3,977,171
 
 
4,170,229

Total assets less current liabilities
  
4,526,016
4,799,650

  

Net assets
  
4,526,016
4,799,650


Capital and reserves
  

Called up share capital 
  
410
400

Capital redemption reserve
  
780
780

Profit and loss account
  
4,524,826
4,798,470

  
4,526,016
4,799,650


Page 2

 
STIFF AND TREVILLION ARCHITECTS LIMITED
REGISTERED NUMBER: 06548051
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 September 2024.




Daniel Jon Campbell
Lance Michael Routh
Director
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Stiff and Trevillion Architects Ltd is a company limited by shares which was incorporated in England.
The principal place of business is:
16 Woodfield Road, London, W9 2BE
The company's principal activity is that of architectural services

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
Fixtures & fittings
-
15%
reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 51 (2023 - 62).

Page 6

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
243,561
429,411


243,561
429,411


Total current tax
243,561
429,411

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
243,561
429,411

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Dividends

2024
2023
£
£


Dividends paid
984,624
1,460,672

984,624
1,460,672

Page 7

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
489,893



At 31 March 2024

489,893



Amortisation


At 1 April 2023
489,893



At 31 March 2024

489,893



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 8

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Tangible fixed assets





L/Term Leasehold Property
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
337,501
264,543
463,677
1,065,721


Additions
-
9,003
25,863
34,866



At 31 March 2024

337,501
273,546
489,540
1,100,587



Depreciation


At 1 April 2023
-
87,746
348,553
436,299


Charge for the year on owned assets
-
27,711
87,731
115,442



At 31 March 2024

-
115,457
436,284
551,741



Net book value



At 31 March 2024
337,501
158,089
53,256
548,846



At 31 March 2023
337,501
176,796
115,124
629,421

Page 9

 
STIFF AND TREVILLION ARCHITECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Debtors

2024
2023
£
£


Trade debtors
1,857,234
1,750,277

Other debtors
7,480
5,321

Prepayments and accrued income
278,182
534,809

2,142,896
2,290,407



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,953,575
2,344,812

1,953,575
2,344,812



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
320,557
231,397

Trade & other creditors
50,198
392,070

370,755
623,467


 
Page 10