Company registration number 08589956 (England and Wales)
NICOLAS POPLE ARCHITECTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
NICOLAS POPLE ARCHITECTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
NICOLAS POPLE ARCHITECTS LTD
BALANCE SHEET
page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,570
9,286
Current assets
Debtors
4
30,802
47,433
Cash at bank and in hand
229,793
176,989
260,595
224,422
Creditors: amounts falling due within one year
5
(27,541)
(21,076)
Net current assets
233,054
203,346
Net assets
240,624
212,632
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
240,623
212,631
Total equity
240,624
212,632
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 27 March 2025
N Pople
Director
Company registration number 08589956 (England and Wales)
NICOLAS POPLE ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
page 2
1
Accounting policies
Company information
Nicolas Pople Architects Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2 Springhill Orchard, Weirwood, Forest Row, West Sussex, England, RH18 5HT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents net invoiced sales of services supplied.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% on Cost
Computers
20% on Cost
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.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
NICOLAS POPLE ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
page 3
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.5
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 to.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 July 2023
26,768
8,600
35,368
Additions
350
1,553
1,903
At 30 June 2024
27,118
10,153
37,271
Depreciation and impairment
At 1 July 2023
21,484
4,598
26,082
Depreciation charged in the year
2,423
1,196
3,619
At 30 June 2024
23,907
5,794
29,701
Carrying amount
At 30 June 2024
3,211
4,359
7,570
At 30 June 2023
5,284
4,002
9,286
NICOLAS POPLE ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
page 4
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
300
20,219
Other debtors
30,502
27,214
30,802
47,433
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
199
318
Taxation and social security
24,821
18,087
Other creditors
2,521
2,671
27,541
21,076
6
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan repayable on demand
-
2,489
7,120
(3,085)
6,524
2,489
7,120
(3,085)
6,524