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REGISTERED NUMBER: 08494516 (England and Wales)















Adam Khan Architects Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Adam Khan Architects Ltd (Registered number: 08494516)

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


Adam Khan Architects Ltd

Company Information
for the year ended 30 April 2024







Director: A Khan





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 08494516 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Adam Khan Architects Ltd (Registered number: 08494516)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,424 13,206

Current assets
Debtors 5 359,690 321,327
Cash at bank and in hand 25,763 80,220
385,453 401,547
Creditors
Amounts falling due within one year 6 335,551 363,749
Net current assets 49,902 37,798
Total assets less current liabilities 52,326 51,004

Creditors
Amounts falling due after more than one
year

7

(25,866

)

(22,659

)

Provisions for liabilities (606 ) (3,300 )
Net assets 25,854 25,045

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 25,754 24,945
Shareholders' funds 25,854 25,045

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 director acknowledges his 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.

Adam Khan Architects Ltd (Registered number: 08494516)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





A Khan - Director


Adam Khan Architects Ltd (Registered number: 08494516)

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


1. Statutory information

Adam Khan 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments. There are no further significant judgements or estimates.

Turnover
Turnover represents amounts receivable for architectural services net of VAT.

Turnover is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of the work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors. Provision for contingencies and anticipated future losses on contracts are recognised as soon as they are identified.

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 - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Adam Khan Architects Ltd (Registered number: 08494516)

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


2. Accounting policies - continued
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 and other post-retirement benefits
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 12 (2023 - 12 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 May 2023
and 30 April 2024 1,238 41,726 116,391 159,355
Depreciation
At 1 May 2023 743 37,366 108,040 146,149
Charge for year 248 2,682 7,852 10,782
At 30 April 2024 991 40,048 115,892 156,931
Net book value
At 30 April 2024 247 1,678 499 2,424
At 30 April 2023 495 4,360 8,351 13,206

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 107,028 106,454
Amounts recoverable on contract 177,196 144,788
Other debtors 75,466 70,085
359,690 321,327

Adam Khan Architects Ltd (Registered number: 08494516)

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


6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,637 9,708
Payments on account 59,441 14,953
Trade creditors 139,276 290,173
Taxation and social security 49,216 47,609
Other creditors 82,981 1,306
335,551 363,749

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 25,866 22,659

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,118 -

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 2,213 7,163

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

10. Reserves
Retained
earnings
£

At 1 May 2023 24,945
Profit for the year 809
At 30 April 2024 25,754

Adam Khan Architects Ltd (Registered number: 08494516)

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


11. Related party disclosures

As at the year end, the company owed the directors £59,428 (2023: Directors owed the company £27,052). No interest was charged on this balance.