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Registration number: 08613894

Simon Morray-Jones Architects Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Simon Morray-Jones Architects Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

Simon Morray-Jones Architects Limited

Company Information

Directors

Mr Simon Morray-Jones

Mrs Bernadette Morray-Jones

Rachel Hamilton

Luke Brennan

Company secretary

Mrs Bernadette Morray-Jones

Registered office

21 Milsom Street
Bath
BA1 1DE

Accountants

Kate Moakes
AIMS Accountants for Business
33 Sandringham Avenue
Bristol
BS16 6NQ

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Simon Morray-Jones Architects Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Simon Morray-Jones Architects Limited for the year ended 31 July 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Simon Morray-Jones Architects Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of Simon Morray-Jones Architects Limited and state those matters that we have agreed to state to the Board of Directors of Simon Morray-Jones Architects Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Simon Morray-Jones Architects Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Simon Morray-Jones Architects Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Simon Morray-Jones Architects Limited. You consider that Simon Morray-Jones Architects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Simon Morray-Jones Architects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Kate Moakes
AIMS Accountants for Business
33 Sandringham Avenue
Bristol
BS16 6NQ

31 October 2024

 

Simon Morray-Jones Architects Limited

(Registration number: 08613894)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

48,378

54,862

Current assets

 

Debtors

5

53,067

121,810

Cash at bank and in hand

 

379,528

537,753

 

432,595

659,563

Creditors: Amounts falling due within one year

6

(246,053)

(281,509)

Net current assets

 

186,542

378,054

Total assets less current liabilities

 

234,920

432,916

Provisions for liabilities

(13,508)

(13,151)

Net assets

 

221,412

419,765

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

221,410

419,763

Shareholders' funds

 

221,412

419,765

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2024 and signed on its behalf by:
 

.........................................
Mrs Bernadette Morray-Jones
Company secretary and director

 

Simon Morray-Jones Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
21 Milsom Street
Bath
BA1 1DE

These financial statements were authorised for issue by the Board on 4 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Simon Morray-Jones Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Fixtures & fittings

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Simon Morray-Jones Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 18).

 

Simon Morray-Jones Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

-

126,941

126,941

Additions

4,890

720

5,610

At 31 July 2024

4,890

127,661

132,551

Depreciation

At 1 August 2023

-

72,079

72,079

Charge for the year

978

11,116

12,094

At 31 July 2024

978

83,195

84,173

Carrying amount

At 31 July 2024

3,912

44,466

48,378

At 31 July 2023

-

54,862

54,862

5

debtors

Current

2024
£

2023
£

Trade debtors

40,296

110,311

Prepayments

12,771

11,499

 

53,067

121,810

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

242,987

278,948

Accruals and deferred income

2,218

2,218

Other creditors

848

343

246,053

281,509

7

Share capital

Allotted, called up and fully paid shares

 

Simon Morray-Jones Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024

2023

No.

£

No.

£

ordinary £1 shares of £1 each

2

2

2

2

       

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Retained earnings
£

Total
£

Transfer to Employee Ownership Trust

(650,600)

(650,600)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Retained earnings
£

Total
£

Transfer to Employee Ownership Trust

(630,000)

(630,000)

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil per each ordinary £1 shares

-

-

 

 

10

Related party transactions

 

Simon Morray-Jones Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

246,961

139,833

Contributions paid to money purchase schemes

9,162

6,750

256,123

146,583