Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30412023-05-01falseNo description of principal activity39truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05096844 2023-05-01 2024-04-30 05096844 2022-05-01 2023-04-30 05096844 2024-04-30 05096844 2023-04-30 05096844 c:CompanySecretary1 2023-05-01 2024-04-30 05096844 c:Director1 2023-05-01 2024-04-30 05096844 c:Director2 2023-05-01 2024-04-30 05096844 c:RegisteredOffice 2023-05-01 2024-04-30 05096844 d:PlantMachinery 2023-05-01 2024-04-30 05096844 d:PlantMachinery 2024-04-30 05096844 d:PlantMachinery 2023-04-30 05096844 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05096844 d:MotorVehicles 2023-05-01 2024-04-30 05096844 d:FurnitureFittings 2023-05-01 2024-04-30 05096844 d:ComputerEquipment 2023-05-01 2024-04-30 05096844 d:CurrentFinancialInstruments 2024-04-30 05096844 d:CurrentFinancialInstruments 2023-04-30 05096844 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05096844 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05096844 d:ShareCapital 2024-04-30 05096844 d:ShareCapital 2023-04-30 05096844 d:RetainedEarningsAccumulatedLosses 2024-04-30 05096844 d:RetainedEarningsAccumulatedLosses 2023-04-30 05096844 c:FRS102 2023-05-01 2024-04-30 05096844 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05096844 c:FullAccounts 2023-05-01 2024-04-30 05096844 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05096844 6 2023-05-01 2024-04-30 05096844 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 05096844







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


PATEL TAYLOR ARCHITECTS LIMITED






































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PATEL TAYLOR ARCHITECTS LIMITED
 


 
COMPANY INFORMATION


Directors
P H Patel 
A R Taylor 




Company secretary
A R Taylor



Registered number
05096844



Registered office
48 Rawstorne Street

London

EC1V 7ND




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


PATEL TAYLOR ARCHITECTS LIMITED
REGISTERED NUMBER:05096844



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
138,218
98,976

Investments
 5 
-
501,596

  
138,218
600,572

Current assets
  

Debtors: amounts falling due within one year
 6 
8,456,634
6,692,636

Current asset investments
 7 
-
27,832

Cash at bank and in hand
  
226,890
274,929

  
8,683,524
6,995,397

Creditors: amounts falling due within one year
 8 
(755,903)
(609,352)

Net current assets
  
 
 
7,927,621
 
 
6,386,045

Total assets less current liabilities
  
8,065,839
6,986,617

  

Net assets
  
8,065,839
6,986,617


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
8,065,739
6,986,517

  
8,065,839
6,986,617


Page 1

 


PATEL TAYLOR ARCHITECTS LIMITED
REGISTERED NUMBER:05096844


    
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 statement of income and retained earnings 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: 


A R Taylor
Director

Date: 23 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PATEL TAYLOR ARCHITECTS LIMITED
 


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

1.


General information

Patel Taylor Architects Limited is a private company, limited by shares, registered in England and Wales, registration number 5096844. The registered office is stated on the company information page.

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 following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

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.

 
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

 


PATEL TAYLOR ARCHITECTS 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, on a reducing balance basis and cost.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
on cost
Fixtures and fittings
-
25%
on a reducing balance basis
Computer equipment
-
50%
on cost

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

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 39 (2023 -41).

Page 4

 


PATEL TAYLOR ARCHITECTS LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery  etc

£



Cost or valuation


At 1 May 2023
468,771


Additions
109,363


Disposals
(78,949)



At 30 April 2024

499,185



Depreciation


At 1 May 2023
369,795


Charge for the year on owned assets
70,121


Disposals
(78,949)



At 30 April 2024

360,967



Net book value



At 30 April 2024
138,218



At 30 April 2023
98,976


5.


Fixed asset investments





Other fixed asset investments

£





At 1 May 2023
501,596


Additions
118,278


Disposals
(601,674)


Revaluations
(18,200)



At 30 April 2024
-




Page 5

 


PATEL TAYLOR ARCHITECTS LIMITED
 


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

6.


Debtors

2024
2023
£
£


Trade debtors
401,239
1,029,035

Other debtors
7,550,744
5,555,819

Prepayments and accrued income
109,522
107,782

Tax recoverable
395,129
-

8,456,634
6,692,636



7.


Current asset investments

2024
2023
£
£

Listed investments
-
27,832

-
27,832



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
109,853
112,337

Corporation tax
386,720
17,338

Other taxation and social security
119,851
255,779

Other creditors
89,839
142,012

Accruals and deferred income
49,640
81,886

755,903
609,352



9.


Transactions with directors

Included within other debtors is a balance due from A Taylor amounting to £568,146 (2023: Credit £42,943) and P Patel amounting to £602,606 (2023: Credit £67).
Amounts advanced during the year totalled £606,533 for A Taylor and £597,624 for P Patel.
Amounts repaid during the year totalled £1,308 for A Taylor and £1,558 for P Patel.
Interest arising on these balances totalled £5,864 for A Taylor and £6,607 for P Patel.

Page 6