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REGISTERED NUMBER: SC541951 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

DRD Architects Ltd

DRD Architects Ltd (Registered number: SC541951)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DRD Architects Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr G Wade





REGISTERED OFFICE: 3 Tolbooth Wynd
Leith
Edinburgh
Lothian
EH6 6DN





REGISTERED NUMBER: SC541951 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

DRD Architects Ltd (Registered number: SC541951)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 621 483

CURRENT ASSETS
Stocks 25,000 15,000
Debtors 5 18,947 2,386
Cash at bank and in hand 21,230 12,115
65,177 29,501
CREDITORS
Amounts falling due within one year 6 42,905 16,671
NET CURRENT ASSETS 22,272 12,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,893

13,313

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,793 13,213
22,893 13,313

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 October 2024 and were signed by:




Mr G Wade - Director


DRD Architects Ltd (Registered number: SC541951)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

DRD Architects Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Work in progress
Work in progress is valued based on the directors' assessment of stage of completion of work undertaken but not invoiced at year end.

Taxation
Taxation for the year comprises current 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 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

DRD Architects Ltd (Registered number: SC541951)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 383 529 4,067 4,979
Additions 150 - 230 380
At 31 August 2024 533 529 4,297 5,359
DEPRECIATION
At 1 September 2023 168 272 4,056 4,496
Charge for year 91 64 87 242
At 31 August 2024 259 336 4,143 4,738
NET BOOK VALUE
At 31 August 2024 274 193 154 621
At 31 August 2023 215 257 11 483

No indicators of impairment were noted at year end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 18,947 2,142
Other debtors - 244
18,947 2,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 16,240 11,270
Other creditors 26,665 5,401
42,905 16,671