Silverfin false false 30/04/2024 01/05/2023 30/04/2024 F T Gonzalez Calzada 23/08/2017 M J Croft 23/08/2017 T S H Croft 25/04/2006 29 January 2025 The principal activity of the company is that of architectural design and services. 05793939 2024-04-30 05793939 bus:Director1 2024-04-30 05793939 bus:Director2 2024-04-30 05793939 bus:Director3 2024-04-30 05793939 2023-04-30 05793939 core:CurrentFinancialInstruments 2024-04-30 05793939 core:CurrentFinancialInstruments 2023-04-30 05793939 core:ShareCapital 2024-04-30 05793939 core:ShareCapital 2023-04-30 05793939 core:RetainedEarningsAccumulatedLosses 2024-04-30 05793939 core:RetainedEarningsAccumulatedLosses 2023-04-30 05793939 core:Vehicles 2023-04-30 05793939 core:FurnitureFittings 2023-04-30 05793939 core:Vehicles 2024-04-30 05793939 core:FurnitureFittings 2024-04-30 05793939 2022-04-30 05793939 2023-05-01 2024-04-30 05793939 bus:FilletedAccounts 2023-05-01 2024-04-30 05793939 bus:SmallEntities 2023-05-01 2024-04-30 05793939 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05793939 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05793939 bus:Director1 2023-05-01 2024-04-30 05793939 bus:Director2 2023-05-01 2024-04-30 05793939 bus:Director3 2023-05-01 2024-04-30 05793939 core:Vehicles 2023-05-01 2024-04-30 05793939 core:FurnitureFittings 2023-05-01 2024-04-30 05793939 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 05793939 (England and Wales)

THOMAS CROFT ARCHITECTS LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

THOMAS CROFT ARCHITECTS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

THOMAS CROFT ARCHITECTS LTD

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
THOMAS CROFT ARCHITECTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 46,142 61,523
46,142 61,523
Current assets
Debtors 4 173,364 108,543
Investments 199,472 199,472
Cash at bank and in hand 5 403,992 814,939
776,828 1,122,954
Creditors: amounts falling due within one year 6 ( 146,003) ( 185,647)
Net current assets 630,825 937,307
Total assets less current liabilities 676,967 998,830
Provision for liabilities 7 ( 11,300) ( 15,094)
Net assets 665,667 983,736
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 664,667 982,736
Total shareholder's funds 665,667 983,736

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Thomas Croft Architects Ltd (registered number: 05793939) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

T S H Croft
Director

29 January 2025

THOMAS CROFT ARCHITECTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
THOMAS CROFT ARCHITECTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Thomas Croft Architects Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 9 10

3. Tangible assets

Vehicles Fixtures and fittings Total
£ £ £
Cost
At 01 May 2023 69,530 185,881 255,411
At 30 April 2024 69,530 185,881 255,411
Accumulated depreciation
At 01 May 2023 40,197 153,691 193,888
Charge for the financial year 7,333 8,048 15,381
At 30 April 2024 47,530 161,739 209,269
Net book value
At 30 April 2024 22,000 24,142 46,142
At 30 April 2023 29,333 32,190 61,523

4. Debtors

2024 2023
£ £
Trade debtors 146,718 87,848
Other debtors 26,646 20,695
173,364 108,543

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 99,324 84,758
Short-term deposits 304,668 730,181
403,992 814,939

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 88,779 98,065
Other creditors 57,224 87,582
146,003 185,647

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 15,094) ( 17,568)
Credited to the Statement of Income and Retained Earnings 3,794 2,474
At the end of financial year ( 11,300) ( 15,094)

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £133,494 ( 2023 - £137,357).

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 2,086 14,235