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Company registration number: 13884151
Architecture for the Senses Limited
Information for filing with the registrar
29 February 2024
Architecture for the Senses Limited
Contents
Abridged statement of financial position
Notes to the financial statements
Architecture for the Senses Limited
Abridged statement of financial position
29 February 2024
29/02/24 28/02/23
Note £ £ £ £
Fixed assets
Tangible assets 5 1,264 1,686
_______ _______
1,264 1,686
Current assets
Debtors 7,311 12,731
Cash at bank and in hand 4,730 8,343
_______ _______
12,041 21,074
Creditors: amounts falling due
within one year ( 31,517) ( 19,643)
_______ _______
Net current (liabilities)/assets ( 19,476) 1,431
_______ _______
Total assets less current liabilities ( 18,212) 3,117
_______ _______
Net (liabilities)/assets ( 18,212) 3,117
_______ _______
Capital and reserves
Called up share capital 6 1 1
Profit and loss account ( 18,213) 3,116
_______ _______
Shareholders (deficit)/funds ( 18,212) 3,117
_______ _______
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 07 November 2024 , and are signed on behalf of the board by:
Mr Michael Craig Serginson
Director
Company registration number: 13884151
Architecture for the Senses Limited
Notes to the financial statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in the Uk. The address of the registered office is Architecture for the Senses Limited, 42 Alconbury Road, London, England, E5 8RH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Going Concern
The company meets its day to day working capital requirements through the continued support of its shareholder for the foreseeable future, and at least 12 months from the date of signing these financial statements. On this basis the director considers that it is appropriate to prepare the financial statements on the going concern basis.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 3 ).
5. Tangible assets
£
Cost
At 1 March 2023 and 29 February 2024 2,248
_______
Depreciation
At 1 March 2023 562
Charge for the year 422
_______
At 29 February 2024 984
_______
Carrying amount
At 29 February 2024 1,264
_______
At 28 February 2023 1,686
_______
6. Called up share capital
Issued, called up and fully paid
29/02/24 28/02/23
No £ No £
Ordinary shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______
7. Related party transactions
As at 29 February 2024 the Director is owed £13,813 (2023: £9,423) from the company.
8. Controlling party
The Company is controlled by the sole director, Mr M C Serginson, by virtue of owning 100% of theshareholding.
9. Overdrawn reserve
The director acknowledges dividends were declared and paid in contravention of the Companies Act and further acknowledges that no more distributions will be made until there are sufficient distributable profits are available.