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COMPANY REGISTRATION NUMBER: 06334615
Benjamin and Beauchamp Architects Limited
Filleted Unaudited Financial Statements
30 September 2024
Benjamin and Beauchamp Architects Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
39,636
39,922
Current assets
Stocks
24,382
19,118
Debtors
7
260,471
343,574
Cash at bank and in hand
143,951
316,060
---------
---------
428,804
678,752
Creditors: amounts falling due within one year
8
255,007
316,079
---------
---------
Net current assets
173,797
362,673
---------
---------
Total assets less current liabilities
213,433
402,595
Provisions
Taxation including deferred tax
5,641
4,837
---------
---------
Net assets
207,792
397,758
---------
---------
Benjamin and Beauchamp Architects Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
600
1,000
Capital redemption reserve
400
Profit and loss account
206,792
396,758
---------
---------
Shareholders funds
207,792
397,758
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 20 March 2025 , and are signed on behalf of the board by:
Mr P N Benjamin
Mrs E L Green
Director
Director
Mr M Vaughan
Director
Company registration number: 06334615
Benjamin and Beauchamp Architects Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Borough Studio, The Borough, Wedmore, Somerset, BS28 4EB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Written off in year of purchase
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and property (leasehold)
-
10% straight line
Fixtures and fittings
-
15% reducing balance
Equipment
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 22 (2023: 27 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
16,000
--------
Amortisation
At 1 October 2023 and 30 September 2024
16,000
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
--------
6. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 October 2023
86,826
14,782
60,939
162,547
Additions
16,267
16,267
--------
--------
--------
---------
At 30 September 2024
86,826
14,782
77,206
178,814
--------
--------
--------
---------
Depreciation
At 1 October 2023
60,081
9,385
53,159
122,625
Charge for the year
7,599
809
8,145
16,553
--------
--------
--------
---------
At 30 September 2024
67,680
10,194
61,304
139,178
--------
--------
--------
---------
Carrying amount
At 30 September 2024
19,146
4,588
15,902
39,636
--------
--------
--------
---------
At 30 September 2023
26,745
5,397
7,780
39,922
--------
--------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
255,327
338,898
Other debtors
5,144
4,676
---------
---------
260,471
343,574
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,853
17,759
Corporation tax
34,368
21,243
Social security and other taxes
128,236
140,751
Other creditors
85,550
136,326
---------
---------
255,007
316,079
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Later than 5 years
46,000
46,000
--------
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr J P Beauchamp
( 400)
400
Mr P N Benjamin
( 5,946)
( 27,804)
( 33,750)
Mrs E L Green
( 15,000)
( 15,000)
Mr M Vaughan
( 15,000)
( 15,000)
-------
--------
--------
( 6,346)
( 57,404)
( 63,750)
-------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr J P Beauchamp
( 4,381)
3,982
(399)
Mr P N Benjamin
( 9,741)
3,794
(5,947)
Mrs E L Green
Mr M Vaughan
--------
-------
-------
( 14,122)
7,776
( 6,346)
--------
-------
-------
11. Related party transactions
During the year the company repurchased 400 ordinary shares owned by Mr J P Beauchamp , a director and shareholder of the company. The relevant shares have been cancelled and the premium paid on repurchase has been charged to reserves.