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REGISTERED NUMBER: SC195183 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

CSY Architects Ltd

CSY Architects Ltd (Registered number: SC195183)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CSY Architects Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D J Strachan
G W Yuill





SECRETARY: G W Yuill





REGISTERED OFFICE: 1 Wilderhaugh
Galashiels
Selkirkshire
TD1 1QJ





REGISTERED NUMBER: SC195183 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

CSY Architects Ltd (Registered number: SC195183)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 667,401 664,562
Investments 5 100 100
667,501 664,662

CURRENT ASSETS
Inventories 169,983 96,668
Debtors 6 740,118 780,563
Cash at bank and in hand 4,265 4,291
914,366 881,522
CREDITORS
Amounts falling due within one year 7 382,433 339,741
NET CURRENT ASSETS 531,933 541,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,199,434

1,206,443

CREDITORS
Amounts falling due after more than one
year

8

(208,682

)

(139,791

)

PROVISIONS FOR LIABILITIES (18,000 ) (18,000 )
NET ASSETS 972,752 1,048,652

CAPITAL AND RESERVES
Called up share capital 210,000 210,000
Retained earnings 762,752 838,652
972,752 1,048,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

CSY Architects Ltd (Registered number: SC195183)

Balance Sheet - continued
31 May 2024


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 7 October 2024 and were signed on its behalf by:





D J Strachan - Director


CSY Architects Ltd (Registered number: SC195183)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

CSY Architects Ltd is a private company, limited by shares , registered in Scotland. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - at varying rates on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

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.

CSY Architects Ltd (Registered number: SC195183)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 June 2023 492,201 2,153 369,177
Additions - - -
At 31 May 2024 492,201 2,153 369,177
DEPRECIATION
At 1 June 2023 - 2,153 287,611
Charge for year - - 5,110
At 31 May 2024 - 2,153 292,721
NET BOOK VALUE
At 31 May 2024 492,201 - 76,456
At 31 May 2023 492,201 - 81,566

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 108,200 29,005 1,000,736
Additions 26,822 8,616 35,438
At 31 May 2024 135,022 37,621 1,036,174
DEPRECIATION
At 1 June 2023 31,558 14,852 336,174
Charge for year 26,354 1,135 32,599
At 31 May 2024 57,912 15,987 368,773
NET BOOK VALUE
At 31 May 2024 77,110 21,634 667,401
At 31 May 2023 76,642 14,153 664,562

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/5/24 31/5/23
£    £   
Other Investments 100 100

CSY Architects Ltd (Registered number: SC195183)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 422,414 464,497
Amounts owed by group undertakings 306,555 285,091
Directors' current accounts 1,951 -
Tax - 19,329
Prepayments 9,198 11,646
740,118 780,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 62,202 69,040
Other loans 47,702 13,345
Hire purchase contracts 22,258 34,437
Trade creditors 53,449 11,986
Amounts owed to group undertakings 9,662 11,698
Social security and other taxes 23,791 29,643
VAT 113,274 86,348
Other creditors 50,095 36,787
Directors' current accounts - 46,457
382,433 339,741

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Other loans - 1-2 years 44,195 9,837
Other loans - 2-5 years 80,197 18,990
Other loans more 5yrs instal 10,801 37,021
Hire purchase contracts 73,489 73,943
208,682 139,791

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 10,801 37,021