The Urban Engineering Studio Ltd 08207936 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is construction of other civil engineering projects not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 08207936 2023-04-01 2024-03-31 08207936 2024-03-31 08207936 core:CurrentFinancialInstruments 2024-03-31 08207936 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08207936 core:FurnitureFittingsToolsEquipment 2024-03-31 08207936 bus:SmallEntities 2023-04-01 2024-03-31 08207936 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08207936 bus:FilletedAccounts 2023-04-01 2024-03-31 08207936 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08207936 bus:RegisteredOffice 2023-04-01 2024-03-31 08207936 bus:Director1 2023-04-01 2024-03-31 08207936 bus:Director2 2023-04-01 2024-03-31 08207936 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08207936 core:FurnitureFittings 2023-04-01 2024-03-31 08207936 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08207936 core:OtherRelatedParties 2023-04-01 2024-03-31 08207936 core:UKTax 2023-04-01 2024-03-31 08207936 countries:England 2023-04-01 2024-03-31 08207936 2023-03-31 08207936 core:FurnitureFittingsToolsEquipment 2023-03-31 08207936 2022-04-01 2023-03-31 08207936 2023-03-31 08207936 core:CurrentFinancialInstruments 2023-03-31 08207936 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08207936 core:FurnitureFittingsToolsEquipment 2023-03-31 08207936 core:UKTax 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08207936

The Urban Engineering Studio Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

The Urban Engineering Studio Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The Urban Engineering Studio Ltd

Company Information

Directors

David Taylor

Sally J Flatteau Taylor

Registered office

Maze House
Sea Street
Whitstable
Kent
CT5 1AN

Accountants

Field Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 0RB

 

The Urban Engineering Studio Ltd

(Registration number: 08207936)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

-

504

Current assets

 

Debtors

6

4,485

7,321

Cash at bank and in hand

 

582

4,569

 

5,067

11,890

Creditors: Amounts falling due within one year

7

(4,370)

(8,028)

Net current assets

 

697

3,862

Net assets

 

697

4,366

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

597

4,266

Shareholders' funds

 

697

4,366

For the financial year ending 31 March 2024 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

The Urban Engineering Studio Ltd

(Registration number: 08207936)
Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
David Taylor
Director

 

The Urban Engineering Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
Maze House
Sea Street
Whitstable
Kent
CT5 1AN

These financial statements were authorised for issue by the Board on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and when the service is performed, if the service straddles more than one accounting period, income is
recognised on a pro rata basis.

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 Urban Engineering Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

Tangible assets

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

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25 % staight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

The Urban Engineering Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Taxation

Tax charged/(credited) in the income statement

2024
£

2023
£

Current taxation

UK corporation tax

2,930

5,248

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

8,266

8,266

At 31 March 2024

8,266

8,266

Depreciation

At 1 April 2023

7,762

7,762

Charge for the year

504

504

At 31 March 2024

8,266

8,266

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

504

504

 

The Urban Engineering Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

324

-

Other debtors

4,161

7,321

 

4,485

7,321

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,930

6,873

Accruals and deferred income

1,440

1,155

4,370

8,028

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

90

90

90

90

Ordinary of £1 each

10

10

10

10

100

100

100

100

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of 140.00 (2023 - 170.00) per each Ordinary

14,000

17,000

 

 
 

The Urban Engineering Studio Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Related party transactions

Summary of transactions with other related parties


David Taylor
(Director)
During the year David withdrew £21,000 (2023: £3,660) and paid £5,630 (2023: £nil) to the company. He also paid £520 (2023: £520) worth of company expenses personally and received £12,600 (2023: £15,300) dividends. At the end of the year £4,645 (2023: £3,133) was due from the director.

 
Sally Taylor
(Director)
During the year Sally received £1,400 (2023: £1,700) of dividends and paid for business expenses personally of £520 (2023:£520) At the end of the year £654 (2023: £134) was due to the director.