Registered number: 7177166 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
STUDIO SEVERN ARCHITECTS LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
SHROPSHIRE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 7177166 | ||||||||
BANKERS | ||||||||
LLOYDS BANK plc | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
STUDIO SEVERN ARCHITECTS LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
STUDIO SEVERN ARCHITECTS LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
104,041 | 83,943 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 16,226 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 10,793 | 15,823 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 21,235 | 11,858 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
STUDIO SEVERN ARCHITECTS LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. | ||||||||
Equipment | straight line10% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Goodwill | ||||||||
1e. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
STUDIO SEVERN ARCHITECTS LIMITED | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2023 | 20,000 | 20,000 | ||
At 31/03/2024 | 20,000 | 20,000 | ||
Depreciation | ||||
At 01/04/2023 | 20,000 | 20,000 | ||
At 31/03/2024 | 20,000 | 20,000 | ||
Net Book Amounts | ||||
At 31/03/2024 | ||||
3. TANGIBLE FIXED ASSETS | ||||
Equipment | Total | |||
£ | £ | |||
Cost | ||||
At 01/04/2023 | 29,450 | 29,450 | ||
Additions | 1,613 | 1,613 | ||
Disposals | (1,400) | (1,400) | ||
At 31/03/2024 | 29,663 | 29,663 | ||
Depreciation | ||||
At 01/04/2023 | 15,305 | 15,305 | ||
Disposals | (1,400) | (1,400) | ||
For the year | 2,966 | 2,966 | ||
At 31/03/2024 | 16,871 | 16,871 | ||
Net Book Amounts | ||||
At 31/03/2024 | 12,792 | |||
At 31/03/2023 | 14,145 | |||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 12,875 | 21,916 | ||||||
PAYE control | 564 | 422 | ||||||
Salaries and wages control | 537 | - | ||||||
Prepayments | 1,750 | 1,294 | ||||||
15,726 | 23,632 | |||||||
STUDIO SEVERN ARCHITECTS LIMITED | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 7,169 | 4,426 | ||||||
VAT | 440 | 7,535 | ||||||
Salaries and wages control | - | 215 | ||||||
Directors current account | 69,003 | 49,003 | ||||||
Trade creditors | 1,352 | 2,134 | ||||||
Other creditors | 614 | 614 | ||||||
Accruals | 3,795 | 3,790 | ||||||
82,373 | 67,717 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Lloyds Bank PLC Bounce back loan >1yr | 10,793 | 15,823 | ||||||
10,793 | 15,823 | |||||||
7. EMPLOYEES | ||||||||
2024 | 2023 | |||||||
No. | No. | |||||||
Average number of employees | 1 | |||||||
Key management personnel is restricted to that of the the director. | ||||||||
8. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 2,430 | 2,688 | ||||||
2,430 | 2,688 | |||||||
STUDIO SEVERN ARCHITECTS LIMITED | ||||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
10. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31/03/2024 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 1,292 | 1,429 | ||||||
11. CONTROLLING PARTY | ||||||||
The company is wholly owned by the director Mr P J Frith. | ||||||||
12. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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13. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY | ||||||||
The company is principally involved in the supply of architectural services and project management. All of its activities are carried out within the United Kingdom. | ||||||||
14. GENERAL INFORMATION | ||||||||
Studio Severn Architects Limited is a private company limited by shares and incorporated in England. Its registered office is Parkside, Holyhead Road, Boningale, Nr Albrighton, Shropshire, WV7 3DA. | ||||||||
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||