Company registration number 12446152 (England and Wales)
FLOYD SLASKI ARCHITECTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FLOYD SLASKI ARCHITECTS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
FLOYD SLASKI ARCHITECTS LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,598
4,893
Current assets
Debtors
4
985,871
550,705
Cash at bank and in hand
353,116
511,126
1,338,987
1,061,831
Creditors: amounts falling due within one year
5
(409,156)
(377,241)
Net current assets
929,831
684,590
Net assets
942,429
689,483
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
942,329
689,383
Total equity
942,429
689,483

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 September 2024 and are signed on its behalf by:
Mr H B Jones
Director
Company registration number 12446152 (England and Wales)
FLOYD SLASKI ARCHITECTS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2022
100
446,839
446,939
Year ended 31 March 2023:
Profit and total comprehensive income
-
332,924
332,924
Dividends
-
(90,380)
(90,380)
Balance at 31 March 2023
100
689,383
689,483
Year ended 31 March 2024:
Profit and total comprehensive income
-
381,821
381,821
Dividends
-
(128,875)
(128,875)
Balance at 31 March 2024
100
942,329
942,429
FLOYD SLASKI ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Floyd Slaski Architects Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 39-43 Putney High Street, London, England, SW15 1SP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FLOYD SLASKI ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.6
Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the term of the relevant lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
16
12
FLOYD SLASKI ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
558
14,760
15,318
Additions
1,785
11,423
13,208
At 31 March 2024
2,343
26,183
28,526
Depreciation and impairment
At 1 April 2023
218
10,207
10,425
Depreciation charged in the year
532
4,971
5,503
At 31 March 2024
750
15,178
15,928
Carrying amount
At 31 March 2024
1,593
11,005
12,598
At 31 March 2023
340
4,553
4,893
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
894,021
541,563
Other debtors
91,850
9,142
985,871
550,705
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,850
82,691
Taxation and social security
389,825
247,527
Other creditors
7,481
47,023
409,156
377,241
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