Registered number
04480792
Peter Barber Architects Limited
Unaudited Filleted Accounts
31 July 2024
Peter Barber Architects Limited
Registered number: 04480792
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,579 3,583
Current assets
Debtors 4 324,191 542,035
Cash at bank and in hand 402,928 323,765
727,119 865,800
Creditors: amounts falling due within one year 5 (82,081) (137,023)
Net current assets 645,038 728,777
Total assets less current liabilities 646,617 732,360
Provisions for liabilities (395) (681)
Net assets 646,222 731,679
Capital and reserves
Called up share capital 20 20
Profit and loss account 646,202 731,659
Shareholders' funds 646,222 731,679
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Peter Barber
Director
Approved by the board on 26 November 2024
Peter Barber Architects Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25-33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 5
3 Tangible fixed assets
Fixtures fittings & equipment
£
Cost
At 1 August 2023 54,972
At 31 July 2024 54,972
Depreciation
At 1 August 2023 51,389
Charge for the year 2,004
At 31 July 2024 53,393
Net book value
At 31 July 2024 1,579
At 31 July 2023 3,583
4 Debtors 2024 2023
£ £
Trade debtors 31,902 141,839
Work in progress 42,000 48,000
Other debtors 250,289 352,196
324,191 542,035
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,545 1,504
Corporation tax 19,324 43,121
Other taxes and social security costs 53,131 85,262
Other creditors 7,081 7,136
82,081 137,023
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Peter Barber
Director's loan 101,907 - (102,000) (93)
101,907 - (102,000) (93)
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