Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false102023-04-01No description of principal activity10falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05966709 2023-04-01 2024-03-31 05966709 2022-04-01 2023-03-31 05966709 2024-03-31 05966709 2023-03-31 05966709 c:Director2 2023-04-01 2024-03-31 05966709 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 05966709 d:Buildings d:LongLeaseholdAssets 2024-03-31 05966709 d:Buildings d:LongLeaseholdAssets 2023-03-31 05966709 d:PlantMachinery 2023-04-01 2024-03-31 05966709 d:PlantMachinery 2024-03-31 05966709 d:PlantMachinery 2023-03-31 05966709 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05966709 d:MotorVehicles 2023-04-01 2024-03-31 05966709 d:MotorVehicles 2024-03-31 05966709 d:MotorVehicles 2023-03-31 05966709 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05966709 d:OfficeEquipment 2023-04-01 2024-03-31 05966709 d:OfficeEquipment 2024-03-31 05966709 d:OfficeEquipment 2023-03-31 05966709 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05966709 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05966709 d:CurrentFinancialInstruments 2024-03-31 05966709 d:CurrentFinancialInstruments 2023-03-31 05966709 d:Non-currentFinancialInstruments 2024-03-31 05966709 d:Non-currentFinancialInstruments 2023-03-31 05966709 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05966709 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05966709 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05966709 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05966709 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 05966709 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05966709 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 05966709 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05966709 d:ShareCapital 2024-03-31 05966709 d:ShareCapital 2023-03-31 05966709 d:RetainedEarningsAccumulatedLosses 2024-03-31 05966709 d:RetainedEarningsAccumulatedLosses 2023-03-31 05966709 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05966709 c:OrdinaryShareClass1 2024-03-31 05966709 c:OrdinaryShareClass1 2023-03-31 05966709 c:FRS102 2023-04-01 2024-03-31 05966709 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05966709 c:FullAccounts 2023-04-01 2024-03-31 05966709 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05966709 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 05966709 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 05966709 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 05966709 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 05966709 2 2023-04-01 2024-03-31 05966709 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05966709 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05966709 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05966709










GRESFORD ARCHITECTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024



 
GRESFORD ARCHITECTS LIMITED
REGISTERED NUMBER: 05966709

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
68,619
60,230

  
68,619
60,230

Current assets
  

Work in progress
  
205,446
143,994

Debtors: amounts falling due within one year
 5 
116,973
106,237

Cash at bank and in hand
 6 
38,492
16,800

  
360,911
267,031

Creditors: amounts falling due within one year
 7 
(120,101)
(89,219)

Net current assets
  
 
 
240,810
 
 
177,812

Total assets less current liabilities
  
309,429
238,042

Creditors: amounts falling due after more than one year
 8 
(182,903)
(110,375)

Provisions for liabilities
  

Deferred tax
 11 
(16,923)
(14,714)

  
 
 
(16,923)
 
 
(14,714)

Net assets
  
109,603
112,953


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
  
109,503
112,853

  
109,603
112,953


Page 1

 
GRESFORD ARCHITECTS LIMITED
REGISTERED NUMBER: 05966709

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 comprehensive income 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: 



................................................
Mr T G Gresford
Director

Date: 25 October 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GRESFORD ARCHITECTS LIMITED
 

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

1.


General information

Gresford Architects Limited is a private company, limited by share capital and incorporated in England and Wales. The registered office is C/O James Cowper Kreston, 2 Chawley Park, Cumnor Hill, Oxford, OX2 9GG.

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

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
GRESFORD ARCHITECTS LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

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 4

 
GRESFORD ARCHITECTS LIMITED
 

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

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20%
Plant and machinery
-
33%
Motor vehicles
-
25%
Office equipment
-
25%

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
GRESFORD ARCHITECTS LIMITED
 

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

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.16

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 10 (2023 - 10).






Page 6

 
GRESFORD ARCHITECTS LIMITED
 

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

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
10,560
29,255
59,490
24,618
123,923


Additions
-
2,832
45,994
10,324
59,150


Disposals
-
-
(59,490)
-
(59,490)



At 31 March 2024

10,560
32,087
45,994
34,942
123,583



Depreciation


At 1 April 2023
10,560
29,255
16,110
7,767
63,692


Charge for the year on owned assets
-
935
1,374
5,506
7,815


Disposals
-
-
(16,543)
-
(16,543)



At 31 March 2024

10,560
30,190
941
13,273
54,964



Net book value



At 31 March 2024
-
1,897
45,053
21,669
68,619



At 31 March 2023
-
-
43,380
16,851
60,231


5.


Debtors

2024
2023
£
£


Trade debtors
31,665
20,581

Other debtors
74,022
71,181

Prepayments and accrued income
1,394
4,583

Tax recoverable
9,892
9,892

116,973
106,237


Page 7

 
GRESFORD ARCHITECTS LIMITED
 

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

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
38,492
16,800

38,492
16,800



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
21,036
21,036

Trade creditors
5,801
9,230

Corporation tax
44,007
14,170

Other taxation and social security
34,711
33,780

Obligations under finance lease and hire purchase contracts
5,422
5,915

Other creditors
4,886
2,790

Accruals and deferred income
4,238
2,298

120,101
89,219



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
146,201
72,493

Net obligations under finance leases and hire purchase contracts
36,702
37,882

182,903
110,375


Page 8

 
GRESFORD ARCHITECTS LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
21,036
21,036


21,036
21,036

Amounts falling due 1-2 years

Bank loans
20,456
21,036


20,456
21,036

Amounts falling due 2-5 years

Bank loans
125,745
51,457


125,745
51,457


167,237
93,529


Included in bank loans is £21,740 (2023 -  £31,580)  bounce back loan on which interest is payable at 2.5% and the loan is repayable over 6 years from July 2020.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,422
5,916

Between 1-5 years
36,701
31,960

42,123
37,876

Page 9

 
GRESFORD ARCHITECTS LIMITED
 

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

11.


Deferred taxation




2024


£






At beginning of year
(14,714)


Charged to profit or loss
(2,209)



At end of year
(16,923)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(16,923)
(14,714)

(16,923)
(14,714)


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £24,500 (2023 - £16,813). Contributions totalling £1,710 (2023 - £2,790) were payable to the fund at the balance sheet date and are included in creditors.


14.


Related party transactions

Included within other debtors is £72,038 due from the directors (2023: £69,196). The loan is interest free and repayable on demand.


15.


Controlling party

The Company is controlled by the Directors


Page 10