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REGISTERED NUMBER: 04340122 (England and Wales)















DRDH Architects Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






DRDH Architects Limited (Registered number: 04340122)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DRDH Architects Limited

Company Information
for the year ended 31 December 2023







Directors: D C Howarth
D Rosbottom





Secretary: D Rosbottom





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 04340122 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

DRDH Architects Limited (Registered number: 04340122)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 3 24,170 31,919

Current assets
Debtors 4 396,362 508,816
Cash at bank 10,096 2,654
406,458 511,470
Creditors
Amounts falling due within one year 5 223,017 322,973
Net current assets 183,441 188,497
Total assets less current liabilities 207,611 220,416

Creditors
Amounts falling due after more than one
year

6

-

(27,141

)

Provisions for liabilities 8 (4,592 ) (6,065 )
Net assets 203,019 187,210

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 202,919 187,110
Shareholders' funds 203,019 187,210

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.

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 25 September 2024 and were signed on its behalf by:




D C Howarth - Director


DRDH Architects Limited (Registered number: 04340122)

Notes to the Financial Statements
for the year ended 31 December 2023


1. 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 represents amounts receivable for architectural services provided and is stated net of VAT.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

DRDH Architects Limited (Registered number: 04340122)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Employees and directors

The average number of employees during the year was 9 (2022 - 11 ) .

3. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2023 39,829 85,948 125,777
Additions - 308 308
At 31 December 2023 39,829 86,256 126,085
Depreciation
At 1 January 2023 25,130 68,728 93,858
Charge for year 3,675 4,382 8,057
At 31 December 2023 28,805 73,110 101,915
Net book value
At 31 December 2023 11,024 13,146 24,170
At 31 December 2022 14,699 17,220 31,919

4. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 176,720 110,301
Amounts recoverable on contract 218,461 396,201
Other debtors 1,181 2,314
396,362 508,816

5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 70 19,159
Trade creditors 26,448 24,382
Taxation and social security 136,115 156,937
Other creditors 60,384 122,495
223,017 322,973

6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors - 27,141

DRDH Architects Limited (Registered number: 04340122)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


7. Secured debts

The following secured debts are included within creditors:

2023 2022
£ £
Funding circle 27,141 103,313

8. Provisions for liabilities
2023 2022
£ £
Deferred tax
Accelerated capital allowances 4,592 6,065

Deferred tax
£
Balance at 1 January 2023 6,065
Provided during year (1,473 )
Balance at 31 December 2023 4,592

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

10. Reserves
Retained
earnings
£

At 1 January 2023 187,110
Profit for the year 15,809
At 31 December 2023 202,919

11. Related party disclosures

Included in other creditors is £22,901 (2022 - £22,901) owed to the directors.