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Registration number: 11123762

W. H. Architects Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

Pages for filing with Registrar

 

W. H. Architects Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

W. H. Architects Ltd

Company Information

Directors

L Maldacea

H S Page

Registered office

1st Floor
25 King Street
Bristol
BS1 4PB

Registered number

11123762

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

W. H. Architects Ltd

(Registration number: 11123762)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

15,061

16,981

Current assets

 

Debtors

7

46,065

36,932

Cash at bank and in hand

 

44,522

77,846

 

90,587

114,778

Creditors: Amounts falling due within one year

8

(48,852)

(52,112)

Net current assets

 

41,735

62,666

Total assets less current liabilities

 

56,796

79,647

Provisions for liabilities

(1,600)

(1,600)

Net assets

 

55,196

78,047

Capital and reserves

 

Called up share capital

2

2

Capital redemption reserve

1

1

Profit and loss account

55,193

78,044

Total equity

 

55,196

78,047

 

W. H. Architects Ltd

(Registration number: 11123762)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 


L Maldacea
Director


H S Page
Director

 

W. H. Architects Ltd

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

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
25 King Street
Bristol
BS1 4PB

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. Given the company's profitability and financial resources, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

 

W. H. Architects Ltd

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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


Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Furniture and fittings

25% on reducing balance

Leasehold improvements

10% on cost

Computer equipment

33% on cost

Investments

Investments are in equity shares which are not publicly traded, and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

W. H. Architects Ltd

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

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

 

W. H. Architects Ltd

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

4

Taxation

Deferred tax

Deferred tax assets and liabilities

2023

Liability
£

Accelerated capital allowances

1,600

2022

Liability
£

Accelerated capital allowances

1,600

5

Tangible fixed assets

Leasehold improvements
£

Furniture and fittings
 £

Computer equipment
 £

Total
£

Cost

At 1 January 2023

17,493

18,328

10,395

46,216

Additions

-

-

2,010

2,010

At 31 December 2023

17,493

18,328

12,405

48,226

Depreciation

At 1 January 2023

7,288

13,390

8,557

29,235

Charge for the year

1,749

1,235

946

3,930

At 31 December 2023

9,037

14,625

9,503

33,165

Carrying amount

At 31 December 2023

8,456

3,703

2,902

15,061

At 31 December 2022

10,205

4,938

1,838

16,981

 

W. H. Architects Ltd

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

6

Investments

2023
£

2022
£

Investments in subsidiaries

-

-

Subsidiaries

£

Cost or valuation

At 1 January 2023

126,690

At 31 December 2023

126,690

Provision

At 1 January 2023

126,690

At 31 December 2023

126,690

Carrying amount

At 31 December 2023

-

7

Debtors: amounts falling due within one year

2023
£

2022
£

Trade debtors

19,891

15,326

Prepayments and accrued income

26,174

21,606

46,065

36,932

 

W. H. Architects Ltd

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

8

Creditors

2023
£

2022
£

Trade creditors

1,341

1,160

Taxation and social security

24,511

22,005

Other creditors

2,109

1,008

Accruals

2,845

3,325

Corporation tax

18,046

24,614

48,852

52,112

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

1

1

1

1

Ordinary C shares of £1 each

1

1

1

1

 

2

2

2

2

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

89,033

101,351

The amount of non-cancellable operating lease payments recognised as an expense during the year was £20,711 (2022 - £19,035).