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REGISTERED NUMBER: 06518213 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

NATIVE CHARTERED ARCHITECTS LIMITED

NATIVE CHARTERED ARCHITECTS LIMITED (REGISTERED NUMBER: 06518213)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NATIVE CHARTERED ARCHITECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs S J Walker
C R Walker





SECRETARY: Shared Equity Ltd





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 06518213 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

NATIVE CHARTERED ARCHITECTS LIMITED (REGISTERED NUMBER: 06518213)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,618 11,235
Tangible assets 5 65,525 79,286
71,143 90,521

CURRENT ASSETS
Stocks 7,482 -
Debtors 6 73,664 60,870
Cash at bank 6,147 31,540
87,293 92,410
CREDITORS
Amounts falling due within one year 7 85,271 91,546
NET CURRENT ASSETS 2,022 864
TOTAL ASSETS LESS CURRENT LIABILITIES 73,165 91,385

CREDITORS
Amounts falling due after more than one year 8 (17,125 ) (32,080 )

PROVISIONS FOR LIABILITIES (3,518 ) (3,949 )
NET ASSETS 52,522 55,356

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 52,520 55,354
SHAREHOLDERS' FUNDS 52,522 55,356

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

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

NATIVE CHARTERED ARCHITECTS LIMITED (REGISTERED NUMBER: 06518213)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 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 23rd October 2024 and were signed on its behalf by:




Mrs S J Walker - Director



C R Walker - Director


NATIVE CHARTERED ARCHITECTS LIMITED (REGISTERED NUMBER: 06518213)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Native Chartered 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.

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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised as the right to consideration becomes due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Goodwill was originally being amortised over 20 years but this has been reduced to 10 years from the transition date - 31st March 2017 for FRS 102 in line with the Standard.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Improvements to property - 10% on cost and 10% on reducing balance
Plant & equipment - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

NATIVE CHARTERED ARCHITECTS LIMITED (REGISTERED NUMBER: 06518213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 86,421
AMORTISATION
At 1st April 2023 75,186
Charge for year 5,617
At 31st March 2024 80,803
NET BOOK VALUE
At 31st March 2024 5,618
At 31st March 2023 11,235

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant &
property property equipment
£    £    £   
COST
At 1st April 2023 5,329 193,722 670
Additions - - -
At 31st March 2024 5,329 193,722 670
DEPRECIATION
At 1st April 2023 5,329 128,309 293
Charge for year - 12,844 94
At 31st March 2024 5,329 141,153 387
NET BOOK VALUE
At 31st March 2024 - 52,569 283
At 31st March 2023 - 65,413 377

NATIVE CHARTERED ARCHITECTS LIMITED (REGISTERED NUMBER: 06518213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 15,971 44,617 260,309
Additions 1,680 1,407 3,087
At 31st March 2024 17,651 46,024 263,396
DEPRECIATION
At 1st April 2023 12,929 34,163 181,023
Charge for year 945 2,965 16,848
At 31st March 2024 13,874 37,128 197,871
NET BOOK VALUE
At 31st March 2024 3,777 8,896 65,525
At 31st March 2023 3,042 10,454 79,286

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,681 51,953
Other debtors 7,983 8,917
73,664 60,870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,287 23,190
Trade creditors 2,703 3,534
Taxation and social security 56,432 59,982
Other creditors 7,849 4,840
85,271 91,546

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 17,125 32,080

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,040 10,395
Between one and five years 7,140 12,180
12,180 22,575

NATIVE CHARTERED ARCHITECTS LIMITED (REGISTERED NUMBER: 06518213)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, directors received loans from the company which are interest free and repayable on demand.

The company made advances totalling £502 (2023 - £853) and this was offset by credits totalling £1,500 (2023 - £6,800).

At the balance sheet date, the amount owed to the company was £731 (2023 - £1,729) and is included within other debtors.