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Company Registration No. 08439451 (England and Wales)
Gibson Thornley Architects Limited Unaudited accounts for the year ended 31 March 2024
Gibson Thornley Architects Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,594 
2,256 
Current assets
Debtors
281,133 
320,454 
Cash at bank and in hand
318,171 
282,336 
599,304 
602,790 
Creditors: amounts falling due within one year
(171,844)
(132,144)
Net current assets
427,460 
470,646 
Total assets less current liabilities
469,054 
472,902 
Provisions for liabilities
Deferred tax
(10,398)
- 
Net assets
458,656 
472,902 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
458,654 
472,900 
Shareholders' funds
458,656 
472,902 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
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
B Gibson Director Company Registration No. 08439451
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Gibson Thornley Architects Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Gibson Thornley Architects Limited is a private company, limited by shares, registered in England and Wales, registration number 08439451. The registered office is No 4 The Hangar, Perseverance Works, 25-27 Hackney Road, London, London, E2 7NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years
Fixtures & fittings
4 years
Computer equipment
4 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
7,756 
2,385 
3,902 
14,043 
Additions
- 
26,117 
20,866 
46,983 
At 31 March 2024
7,756 
28,502 
24,768 
61,026 
Depreciation
At 1 April 2023
5,500 
2,385 
3,902 
11,787 
Charge for the year
2,256 
2,148 
3,241 
7,645 
At 31 March 2024
7,756 
4,533 
7,143 
19,432 
Net book value
At 31 March 2024
- 
23,969 
17,625 
41,594 
At 31 March 2023
2,256 
- 
- 
2,256 
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Gibson Thornley Architects Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
243,913 
307,185 
Accrued income and prepayments
32,436 
13,269 
Other debtors
4,784 
- 
281,133 
320,454 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
96,809 
84,575 
Trade creditors
39,477 
- 
Taxes and social security
28,691 
36,746 
Other creditors
4,267 
3,967 
Accruals
2,600 
6,856 
171,844 
132,144 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
10,398 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
10,398 
- 
Provision at end of year
10,398 
- 
8
Average number of employees
During the year the average number of employees was 15 (2023: 13).
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