Neil Wilson Architects Limited 06665127 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Architectural services. Digita Accounts Production Advanced 6.30.9574.0 true true 06665127 2023-09-01 2024-08-31 06665127 2024-08-31 06665127 core:RetainedEarningsAccumulatedLosses 2024-08-31 06665127 core:ShareCapital 2024-08-31 06665127 core:CurrentFinancialInstruments 2024-08-31 06665127 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06665127 core:WithinOneYear 2024-08-31 06665127 core:FurnitureFittings 2024-08-31 06665127 core:PlantMachinery 2024-08-31 06665127 1 2024-08-31 06665127 bus:SmallEntities 2023-09-01 2024-08-31 06665127 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06665127 bus:FilletedAccounts 2023-09-01 2024-08-31 06665127 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06665127 bus:RegisteredOffice 2023-09-01 2024-08-31 06665127 bus:Director1 2023-09-01 2024-08-31 06665127 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06665127 core:FurnitureFittings 2023-09-01 2024-08-31 06665127 core:PlantMachinery 2023-09-01 2024-08-31 06665127 countries:England 2023-09-01 2024-08-31 06665127 1 2023-09-01 2024-08-31 06665127 2023-08-31 06665127 core:FurnitureFittings 2023-08-31 06665127 core:PlantMachinery 2023-08-31 06665127 1 2023-08-31 06665127 2022-09-01 2023-08-31 06665127 2023-08-31 06665127 core:RetainedEarningsAccumulatedLosses 2023-08-31 06665127 core:ShareCapital 2023-08-31 06665127 core:CurrentFinancialInstruments 2023-08-31 06665127 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06665127 core:WithinOneYear 2023-08-31 06665127 core:FurnitureFittings 2023-08-31 06665127 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 06665127

Neil Wilson Architects Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Neil Wilson Architects Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Neil Wilson Architects Limited

Company Information

Director

Mr N L S Wilson

Registered office

Flat 1 37 Montagu Square
London
W1H 2LL

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Neil Wilson Architects Limited

(Registration number: 06665127)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,709

7,291

Current assets

 

Debtors

5

12,726

9,140

Cash at bank and in hand

 

19,026

38,445

 

31,752

47,585

Creditors: Amounts falling due within one year

6

(9,480)

(11,088)

Net current assets

 

22,272

36,497

Total assets less current liabilities

 

27,981

43,788

Provisions for liabilities

(1,084)

(1,386)

Net assets

 

26,897

42,402

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

26,797

42,302

Shareholders' funds

 

26,897

42,402

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 December 2024
 

 

Neil Wilson Architects Limited

(Registration number: 06665127)
Balance Sheet as at 31 August 2024 (continued)

.........................................
Mr N L S Wilson
Director

 

Neil Wilson Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Flat 1 37 Montagu Square
London
W1H 2LL

These financial statements were authorised for issue by the director on 4 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Neil Wilson Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Neil Wilson Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Neil Wilson Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Neil Wilson Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2023

20,338

967

21,305

Additions

1,045

-

1,045

At 31 August 2024

21,383

967

22,350

Depreciation

At 1 September 2023

13,792

222

14,014

Charge for the year

2,441

186

2,627

At 31 August 2024

16,233

408

16,641

Carrying amount

At 31 August 2024

5,150

559

5,709

At 31 August 2023

6,546

745

7,291

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,604

3,240

Prepayments

6,441

3,043

Other debtors

681

2,857

 

12,726

9,140

6

Creditors

Creditors: amounts falling due within one year

 

Neil Wilson Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors (continued)

Note

2024
£

2023
£

Due within one year

 

Credit card

526

592

VAT

 

2,510

3,618

Accruals and deferred income

 

3,479

3,703

Other creditors

 

2,965

3,175

 

9,480

11,088

Creditors: amounts falling due after more than one year

2024
£

2023
£

2024
£

2023
£

Deferred tax liabilities

(1,084)

(1,386)

-

-

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

4,765

10,721

Lease was extended for a further six months from July 2024.

The amount of non-cancellable operating lease payments recognised as an expense during the year was £14,295 (2023 - £14,295).

 

Neil Wilson Architects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of Nil (2023 - 72.00) per each Ordinary shares

-

7,200

 

 

10

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

Loan owed to the Director is interest free and repayable on demand.

(4,674)

3,781

(2,072)

(2,965)