Company registration number 08419252 (England and Wales)
ARCHITECTURE DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ARCHITECTURE DESIGN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ARCHITECTURE DESIGN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
97,519
128,045
Investments
4
99,000
114,000
196,519
242,045
Current assets
Debtors
5
163,224
214,881
Cash at bank and in hand
385,593
368,428
548,817
583,309
Creditors: amounts falling due within one year
6
(276,320)
(121,145)
Net current assets
272,497
462,164
Total assets less current liabilities
469,016
704,209
Provisions for liabilities
(32,636)
(44,018)
Net assets
436,380
660,191
Capital and reserves
Called up share capital
100
100
Revaluation reserve
33,372
58,139
Profit and loss reserves
402,908
601,952
Total equity
436,380
660,191

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ARCHITECTURE DESIGN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 7 November 2024
Mr M R C Phillips
Director
Company registration number 08419252 (England and Wales)
ARCHITECTURE DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Architecture Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 4, Second Floor North, Fitted Rigging House, The Historic Dockyard, Chatham, Kent, England, ME4 4TZ.

1.1
Accounting convention

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services.

 

Turnover from the rendering of architectural design services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and equipment
25% on reducing balance
Fixtures and fittings
33% on cost
Computers
33% on cost
Motor vehicles
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Investments are brought in at cost, and subsequently revalued at year end. The revaluation is estimated based on the industry expertise of the director.

ARCHITECTURE DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

 

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less.

 

Cash at bank is measured at face value. Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

1.6
Taxation
Current tax

Taxation for the year comprises current and deferred 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 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.

1.7
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
10
ARCHITECTURE DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
9,440
34,500
82,634
63,050
189,624
Additions
9,758
-
0
5,766
-
0
15,524
Disposals
-
0
-
0
(4,987)
-
0
(4,987)
At 31 March 2024
19,198
34,500
83,413
63,050
200,161
Depreciation and impairment
At 1 April 2023
3,823
25,938
24,462
7,356
61,579
Depreciation charged in the year
1,811
3,650
24,374
12,610
42,445
Eliminated in respect of disposals
-
0
-
0
(1,382)
-
0
(1,382)
At 31 March 2024
5,634
29,588
47,454
19,966
102,642
Carrying amount
At 31 March 2024
13,564
4,912
35,959
43,084
97,519
At 31 March 2023
5,617
8,562
58,172
55,694
128,045
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
99,000
114,000
Movements in fixed asset investments
Other
£
Cost or valuation
At 1 April 2023
114,000
Valuation changes
(15,000)
At 31 March 2024
99,000
Carrying amount
At 31 March 2024
99,000
At 31 March 2023
114,000

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

 

Cost - 2024: £65,978 (2023: £65,978)

 

The fixed asset investments were valued on an open market basis on 31 March 2024 by the director.

ARCHITECTURE DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
149,981
170,392
Other debtors
13,243
44,489
163,224
214,881
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,829
2,040
Taxation and social security
113,391
108,735
Other creditors
147,100
10,370
276,320
121,145
7
Directors' transactions

Dividends totalling £390,000 (2023 - £90,000) were paid in the year in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Matthew Phillips
-
26,679
(169,936)
(143,257)
26,679
(169,936)
(143,257)
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