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Registered number: 04541842
Theis And Khan Architects Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04541842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,192 12,511
Investments 6 232,700 232,700
243,892 245,211
CURRENT ASSETS
Debtors 7 98,860 104,722
Cash at bank and in hand - 11,012
98,860 115,734
Creditors: Amounts Falling Due Within One Year 8 (99,428 ) (114,974 )
NET CURRENT ASSETS (LIABILITIES) (568 ) 760
TOTAL ASSETS LESS CURRENT LIABILITIES 243,324 245,971
Creditors: Amounts Falling Due After More Than One Year 9 (27,056 ) (52,187 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (2,798 ) (3,128 )
NET ASSETS 213,470 190,656
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 213,468 190,654
SHAREHOLDERS' FUNDS 213,470 190,656
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Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Soraya Khan
Director
27/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Theis And Khan Architects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04541842 . The registered office is C/O Tn Accountancy Lonsdale Gate, Lonsdale Gardens, Tunbridge Wells, Kent, TN1 1NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of eleven years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 7)
2 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 78,000
As at 28 February 2024 78,000
Amortisation
As at 1 March 2023 78,000
As at 28 February 2024 78,000
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 11,785 39,701 51,486
Additions 1,365 - 1,365
As at 28 February 2024 13,150 39,701 52,851
Depreciation
As at 1 March 2023 6,938 32,037 38,975
Provided during the period 769 1,915 2,684
As at 28 February 2024 7,707 33,952 41,659
Net Book Value
As at 28 February 2024 5,443 5,749 11,192
As at 1 March 2023 4,847 7,664 12,511
6. Investments
Unlisted
£
Cost
As at 1 March 2023 232,700
As at 28 February 2024 232,700
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 232,700
As at 1 March 2023 232,700
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,596 8,626
Directors' loan accounts 80,488 103,919
Amounts owed by other participating interests (4,224) (7,823)
98,860 104,722
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,886 6,274
Bank loans and overdrafts 46,823 44,273
Corporation tax 37,132 20,755
Other taxes and social security - 22,914
VAT 647 15,847
Net wages - 671
Other creditors 60 1,360
Accruals and deferred income 2,880 2,880
99,428 114,974
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,056 52,187
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,798 3,128
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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