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COMPANY REGISTRATION NUMBER: 01578776
R & D Architects Limited
Filleted Unaudited Financial Statements
5 April 2024
R & D Architects Limited
Financial Statements
Year ended 5th April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
R & D Architects Limited
Statement of Financial Position
5 April 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
6
4,323
3,433
Cash at bank and in hand
94
244
-------
-------
4,417
3,677
Creditors: amounts falling due within one year
7
24,968
28,172
--------
--------
Net current liabilities
20,551
24,495
--------
--------
Total assets less current liabilities
( 20,551)
( 24,495)
--------
--------
Net liabilities
( 20,551)
( 24,495)
--------
--------
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss account
( 21,551)
( 25,495)
--------
--------
Shareholders deficit
( 20,551)
( 24,495)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 5th April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
S H Radley
Director
Company registration number: 01578776
R & D Architects Limited
Notes to the Financial Statements
Year ended 5th April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Katherine Gardens, Hainault, Ilford, Essex, IG6 2LF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the company's director. The director has indicated his willingness to support the company in the foreseeable future by ensuring sufficient funds are available for the company to continue trading. Therefore the director considers the going concern basis is appropriate.
Revenue recognition
Turnover is measured at the fair value of the consideration received and receivable and represents amounts receivable for services rendered.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
25% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 6th April 2023 and 5th April 2024
12,224
12,224
--------
--------
Depreciation
At 6th April 2023 and 5th April 2024
12,224
12,224
--------
--------
Carrying amount
At 5th April 2024
--------
--------
At 5th April 2023
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
4,323
3,433
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,799
10,968
Accruals and deferred income
1,420
1,455
Social security and other taxes
202
Director loan accounts
18,547
15,749
--------
--------
24,968
28,172
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
9. Related party transactions
During the year, the company purchased £2,705 (2023: £3,989) of services on normal commercial terms from a related party of which the director is the proprietor. At the year end the company owed the related party £4,799 (2023: £10,968). At the year end the company owed the director £18,547 (2023: £15,749). This loan is interest free and included within creditors.