IRIS Accounts Production v24.2.0.383 04565774 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045657742022-12-31045657742023-12-31045657742023-01-012023-12-31045657742021-12-31045657742022-01-012022-12-31045657742022-12-3104565774ns15:EnglandWales2023-01-012023-12-3104565774ns14:PoundSterling2023-01-012023-12-3104565774ns10:Director12023-01-012023-12-3104565774ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104565774ns10:SmallEntities2023-01-012023-12-3104565774ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104565774ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104565774ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104565774ns10:FullAccounts2023-01-012023-12-3104565774ns10:RegisteredOffice2023-01-012023-12-3104565774ns5:CurrentFinancialInstruments2023-12-3104565774ns5:CurrentFinancialInstruments2022-12-3104565774ns5:Non-currentFinancialInstruments2023-12-3104565774ns5:Non-currentFinancialInstruments2022-12-3104565774ns5:ShareCapital2023-12-3104565774ns5:ShareCapital2022-12-3104565774ns5:RetainedEarningsAccumulatedLosses2023-12-3104565774ns5:RetainedEarningsAccumulatedLosses2022-12-3104565774ns5:PlantMachinery2023-01-012023-12-3104565774ns5:PlantMachinery2022-12-3104565774ns5:PlantMachinery2023-12-3104565774ns5:PlantMachinery2022-12-3104565774ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104565774ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3104565774ns5:WithinOneYear2023-12-3104565774ns5:WithinOneYear2022-12-3104565774ns5:BetweenOneFiveYears2023-12-3104565774ns5:BetweenOneFiveYears2022-12-3104565774ns5:AllPeriods2023-12-3104565774ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 04565774 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

SYTE ARCHITECTS LIMITED

SYTE ARCHITECTS LIMITED (REGISTERED NUMBER: 04565774)

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


SYTE ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: O T Barsoum





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 04565774 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

SYTE ARCHITECTS LIMITED (REGISTERED NUMBER: 04565774)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,120 4,693

CURRENT ASSETS
Debtors 5 31,593 33,947
Cash at bank 102,253 110,177
133,846 144,124
CREDITORS
Amounts falling due within one year 6 50,711 50,136
NET CURRENT ASSETS 83,135 93,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,255

98,681

CREDITORS
Amounts falling due after more than one
year

7

14,166

24,166
NET ASSETS 72,089 74,515

CAPITAL AND RESERVES
Called up share capital 2 2
Profit and loss account 72,087 74,513
SHAREHOLDERS' FUNDS 72,089 74,515

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





O T Barsoum - Director


SYTE ARCHITECTS LIMITED (REGISTERED NUMBER: 04565774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Syte 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.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SYTE ARCHITECTS LIMITED (REGISTERED NUMBER: 04565774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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 costs charged in the financial statements represents the company's obligations under Workplace Pension Reform following the recent staging date for pension auto-enrolment. Payments are also made to the directors' personal pension Self Investment Pension Policies (SIPPs).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 49,860
DEPRECIATION
At 1 January 2023 45,167
Charge for year 1,573
At 31 December 2023 46,740
NET BOOK VALUE
At 31 December 2023 3,120
At 31 December 2022 4,693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,000 6,384
Other debtors 25,593 27,563
31,593 33,947

SYTE ARCHITECTS LIMITED (REGISTERED NUMBER: 04565774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 338 732
Taxation and social security 11,052 17,443
Other creditors 29,321 21,961
50,711 50,136

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 14,166 24,166

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 13,050 18,125
Between one and five years - 13,050
13,050 31,175

9. RELATED PARTY DISCLOSURES

Included in other creditors is an interest free loan advanced to the company by the director, Mr O Barsoum. The amount outstanding on the loan at balance sheet date was £13,819 (2022: £13,931). There is no stipulation as to repayment of the loan.