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REGISTERED NUMBER: 06051332 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 January 2024

for

Ollier Smurthwaite Architects Limited

Ollier Smurthwaite Architects Limited (Registered number: 06051332)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Balance Sheet
30 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,254,230 1,118,052

CURRENT ASSETS
Debtors 5 575,179 638,568
Cash at bank and in hand 4,365 58
579,544 638,626
CREDITORS
Amounts falling due within one year 6 505,798 410,573
NET CURRENT ASSETS 73,746 228,053
TOTAL ASSETS LESS CURRENT LIABILITIES 1,327,976 1,346,105

CREDITORS
Amounts falling due after more than one year 7 (442,325 ) (501,028 )

PROVISIONS FOR LIABILITIES (92,002 ) (1,041 )
NET ASSETS 793,649 844,036

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserves 9 281,629 234,834
Retained earnings 512,018 609,200
SHAREHOLDERS' FUNDS 793,649 844,036

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

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

Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Balance Sheet - continued
30 January 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




Mr M E Ollier - Director



Mr A J Smurthwaite - Director


Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Ollier Smurthwaite Architects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06051332

Registered office: 40 King Street
Manchester
M2 6BA

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of good and services, excluding VAT.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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 - NIL % per annum
Improvements to property - NIL % per annum
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 31 January 2023 632,843 479,729 23,056 2,629 1,138,257
Revaluations 137,428 - - - 137,428
At 30 January 2024 770,271 479,729 23,056 2,629 1,275,685
DEPRECIATION
At 31 January 2023 - - 18,756 1,449 20,205
Charge for year - - 860 390 1,250
At 30 January 2024 - - 19,616 1,839 21,455
NET BOOK VALUE
At 30 January 2024 770,271 479,729 3,440 790 1,254,230
At 30 January 2023 632,843 479,729 4,300 1,180 1,118,052

Cost or valuation at 30 January 2024 is represented by:

Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
Valuation in 2019 304,834 - - - 304,834
Valuation in 2020 (70,000 ) - - - (70,000 )
Valuation in 2024 137,428 - - - 137,428
Cost 398,009 479,729 23,056 2,629 903,423
770,271 479,729 23,056 2,629 1,275,685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,292 371,445
Work in progress 128,000 102,000
Other debtors 346,887 165,123
575,179 638,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 134,007 119,557
Trade creditors 5,563 1,928
Taxation and social security 297,578 203,308
Other creditors 68,650 85,780
505,798 410,573

Ollier Smurthwaite Architects Limited (Registered number: 06051332)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 442,325 501,028

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 501,028

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 576,332 606,364

The Royal Bank of Scotland PLC have a fixed and floating charge which covers all the property or undertaking of the company.

9. RESERVES
Non
distributable
reserves
£   
At 31 January 2023 234,834
No description (1 )
Revaluation reserve 137,428
Deferred tax on revaluation (90,632 )

At 30 January 2024 281,629