Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseArchitectural activities55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07851515 2023-05-01 2024-04-30 07851515 2022-05-01 2023-04-30 07851515 2024-04-30 07851515 2023-04-30 07851515 c:Director1 2023-05-01 2024-04-30 07851515 c:Director2 2023-05-01 2024-04-30 07851515 d:ComputerEquipment 2023-05-01 2024-04-30 07851515 d:ComputerEquipment 2024-04-30 07851515 d:ComputerEquipment 2023-04-30 07851515 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07851515 d:CurrentFinancialInstruments 2024-04-30 07851515 d:CurrentFinancialInstruments 2023-04-30 07851515 d:Non-currentFinancialInstruments 2024-04-30 07851515 d:Non-currentFinancialInstruments 2023-04-30 07851515 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07851515 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07851515 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07851515 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07851515 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 07851515 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07851515 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 07851515 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 07851515 d:ShareCapital 2024-04-30 07851515 d:ShareCapital 2023-04-30 07851515 d:RetainedEarningsAccumulatedLosses 2024-04-30 07851515 d:RetainedEarningsAccumulatedLosses 2023-04-30 07851515 c:FRS102 2023-05-01 2024-04-30 07851515 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07851515 c:FullAccounts 2023-05-01 2024-04-30 07851515 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07851515 2 2023-05-01 2024-04-30 07851515 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07851515 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07851515 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 07851515 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 07851515 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 07851515










LSI ARCHITECTS (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
LSI ARCHITECTS (UK) LIMITED
REGISTERED NUMBER: 07851515

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
203,918
214,734

  
203,918
214,734

Current assets
  

Debtors: amounts falling due within one year
 5 
666,934
290,151

Cash at bank and in hand
  
120,619
389,587

  
787,553
679,738

Creditors: amounts falling due within one year
 6 
(126,450)
(92,856)

Net current assets
  
 
 
661,103
 
 
586,882

Total assets less current liabilities
  
865,021
801,616

Creditors: amounts falling due after more than one year
 7 
(25,825)
(55,807)

Provisions for liabilities
  

Deferred tax
 9 
(39,983)
(41,466)

  
 
 
(39,983)
 
 
(41,466)

Net assets
  
799,213
704,343


Capital and reserves
  

Called up share capital 
  
1,500
1,500

Profit and loss account
  
797,713
702,843

  
799,213
704,343


Page 1

 
LSI ARCHITECTS (UK) LIMITED
REGISTERED NUMBER: 07851515
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
B K J Goode
................................................
D B Andrews
Director
Director


Date: 12 September 2024


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

LSI Architects (UK) Limited is a private company limited by shares incorporated in England and Wales, registration number 07851515. The registered office is The Old Drill Hall, 23A Cattle Market Street, Norwich, NR1 3DY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements. They have considered future trading expectations, the current financial position of the Company and other factors such as mitigating ongoing costs.
Based on this, the Directors have concluded that the company will have adequate resources to continue in operational existence for at least twelve months from the date of signing these financial statements and will therefore adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20% straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees




The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 5

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 May 2023
957,509


Additions
83,853


Disposals
(432,218)



At 30 April 2024

609,144



Depreciation


At 1 May 2023
742,775


Charge for the year on owned assets
92,005


Disposals
(429,554)



At 30 April 2024

405,226



Net book value



At 30 April 2024
203,918



At 30 April 2023
214,734

Finance leases

The net book value of assets under finance leases amounted to £14,140 (2023: £24,112)

Page 6

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
288,000
216,000

Amounts owed by group undertakings
375,724
63,816

Prepayments and accrued income
3,210
10,335

666,934
290,151



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,001
20,000

Other loans
9,982
9,982

Trade creditors
15,876
8,249

Corporation tax
33,107
17,779

Other taxation and social security
44,831
34,102

Accruals and deferred income
2,653
2,744

126,450
92,856


Page 7

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
21,666
41,667

Other loans
4,159
14,140

25,825
55,807


The following liabilities were secured:

2024
2023
£
£



Finance leases
-
24,122

-
24,122

Details of security provided:

Obligations for the lease are secured on the asset and under a guarantee by the Directors.

Page 8

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,001
20,000

Other loans
9,982
9,982


29,983
29,982

Amounts falling due 1-2 years

Bank loans
20,000
20,000

Other loans
4,159
9,982


24,159
29,982

Amounts falling due 2-5 years

Bank loans
1,666
21,667

Other loans
-
4,158


1,666
25,825


55,808
85,789


Page 9

 
LSI ARCHITECTS (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024


£






At beginning of year
(41,466)


Charged to profit or loss
1,483



At end of year
(39,983)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(41,466)
(41,466)

Tax losses carried forward
1,483
-

(39,983)
(41,466)


10.


Related party transactions

The Company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group.

 
Page 10