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REGISTERED NUMBER: 06033123 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

K2 ARCHITECTS LIMITED

K2 ARCHITECTS LIMITED (REGISTERED NUMBER: 06033123)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K2 ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: K C Horton
M P G Davies





SECRETARY: K C Horton





REGISTERED OFFICE: 1st Floor
Compton House
18 School Street
Liverpool
Merseyside
L1 3BT





REGISTERED NUMBER: 06033123 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

K2 ARCHITECTS LIMITED (REGISTERED NUMBER: 06033123)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,549 62,891

CURRENT ASSETS
Debtors 5 336,922 315,941
Cash at bank 122,405 33,287
459,327 349,228
CREDITORS
Amounts falling due within one year 6 213,688 167,672
NET CURRENT ASSETS 245,639 181,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,188

244,447

CREDITORS
Amounts falling due after more than one
year

7

(25,666

)

(47,666

)

PROVISIONS FOR LIABILITIES (5,574 ) (4,832 )
NET ASSETS 278,948 191,949

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 278,848 191,849
SHAREHOLDERS' FUNDS 278,948 191,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

K2 ARCHITECTS LIMITED (REGISTERED NUMBER: 06033123)

BALANCE SHEET - continued
30 APRIL 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 25 September 2024 and were signed on its behalf by:




K C Horton - Director



M P G Davies - Director


K2 ARCHITECTS LIMITED (REGISTERED NUMBER: 06033123)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

K2 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

K2 ARCHITECTS LIMITED (REGISTERED NUMBER: 06033123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 70,365 42,396 40,457 153,218
Additions 4,454 - 18,719 23,173
At 30 April 2024 74,819 42,396 59,176 176,391
DEPRECIATION
At 1 May 2023 61,665 18,548 10,114 90,327
Charge for year 3,288 5,962 12,265 21,515
At 30 April 2024 64,953 24,510 22,379 111,842
NET BOOK VALUE
At 30 April 2024 9,866 17,886 36,797 64,549
At 30 April 2023 8,700 23,848 30,343 62,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 296,922 275,941
Other debtors 40,000 40,000
336,922 315,941

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 22,000 22,000
Amounts owed to group undertakings 10,081 10,181
Tax 87,869 42,839
Social security and other taxes 6,872 11,407
VAT 68,686 69,451
Other creditors 2,670 2,430
Directors current account 12,310 6,164
Accrued expenses 3,200 3,200
213,688 167,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other loans - 1-2 years 25,666 47,666

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £158,400 (2023 - £93,280) were paid to the directors .

K2 ARCHITECTS LIMITED (REGISTERED NUMBER: 06033123)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party..