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REGISTERED NUMBER: 03069186 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Garnett Netherwood Architects Ltd

Garnett Netherwood Architects Ltd (Registered number: 03069186)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Garnett Netherwood Architects Ltd

Company Information
for the year ended 30 April 2024







DIRECTORS: J L Williams
N D Barnes





SECRETARY: N D Barnes





REGISTERED OFFICE: Design Innovation Centre
46 The Calls
Leeds
West Yorkshire
LS2 7EY





REGISTERED NUMBER: 03069186 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

Garnett Netherwood Architects Ltd (Registered number: 03069186)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,180 49,730

CURRENT ASSETS
Stocks 44,246 57,662
Debtors 5 199,819 119,270
Cash at bank 35,136 183,455
279,201 360,387
CREDITORS
Amounts falling due within one year 6 70,601 78,549
NET CURRENT ASSETS 208,600 281,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,780

331,568

CREDITORS
Amounts falling due after more than one
year

7

(70,086

)

(60,375

)

PROVISIONS FOR LIABILITIES (19,388 ) (12,215 )
NET ASSETS 197,306 258,978

CAPITAL AND RESERVES
Called up share capital 32 32
Share premium 32 32
Other reserves 100 100
Retained earnings 197,142 258,814
SHAREHOLDERS' FUNDS 197,306 258,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Garnett Netherwood Architects Ltd (Registered number: 03069186)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:




N D Barnes - Director



J L Williams - Director


Garnett Netherwood Architects Ltd (Registered number: 03069186)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Garnett Netherwood Architects Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of architect fees and related services , excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost
Office equipment - 15% on cost

Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 10 ) .

Garnett Netherwood Architects Ltd (Registered number: 03069186)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 12,272 35,282 13,385 60,939
Additions 896 32,329 9,422 42,647
At 30 April 2024 13,168 67,611 22,807 103,586
DEPRECIATION
At 1 May 2023 5,135 - 6,074 11,209
Charge for year 1,606 10,142 2,449 14,197
At 30 April 2024 6,741 10,142 8,523 25,406
NET BOOK VALUE
At 30 April 2024 6,427 57,469 14,284 78,180
At 30 April 2023 7,137 35,282 7,311 49,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 169,077 87,845
Other debtors 30,742 31,425
199,819 119,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,168 3,907
Taxation and social security 40,855 54,558
Other creditors 11,578 10,084
70,601 78,549

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 50,086 30,375
70,086 60,375

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 30,000 40,000
Hire purchase contracts 58,254 34,282
88,254 74,282

Garnett Netherwood Architects Ltd (Registered number: 03069186)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

9. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £67,600 (2023 - £38,350).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
N D Barnes
Balance outstanding at start of year 270 22
Amounts advanced 263 248
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 533 270

J L Williams
Balance outstanding at start of year 281 51
Amounts advanced 284 230
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 565 281

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Garnett Netherwood Architects Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Garnett Netherwood Architects Ltd for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Garnett Netherwood Architects Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Garnett Netherwood Architects Ltd and state those matters that we have agreed to state to the Board of Directors of Garnett Netherwood Architects Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Garnett Netherwood Architects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Garnett Netherwood Architects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Garnett Netherwood Architects Ltd. You consider that Garnett Netherwood Architects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Garnett Netherwood Architects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


21 January 2025