Silverfin false false 30/09/2024 01/10/2023 30/09/2024 J Barrett 01/10/2019 P Doyle 08/09/2010 D King-Smith 20/01/2012 P Norbury 01/10/2010 A Skipper 29/10/2018 A Thornton 01/10/2010 R Westacott 01/10/2019 Adam Thornton 26 March 2025 The principal activity of the company continued to be that of Architects. 07370126 2024-09-30 07370126 bus:Director1 2024-09-30 07370126 bus:Director2 2024-09-30 07370126 bus:Director3 2024-09-30 07370126 bus:Director4 2024-09-30 07370126 bus:Director5 2024-09-30 07370126 bus:Director6 2024-09-30 07370126 bus:Director7 2024-09-30 07370126 2023-09-30 07370126 core:CurrentFinancialInstruments 2024-09-30 07370126 core:CurrentFinancialInstruments 2023-09-30 07370126 core:ShareCapital 2024-09-30 07370126 core:ShareCapital 2023-09-30 07370126 core:CapitalRedemptionReserve 2024-09-30 07370126 core:CapitalRedemptionReserve 2023-09-30 07370126 core:RetainedEarningsAccumulatedLosses 2024-09-30 07370126 core:RetainedEarningsAccumulatedLosses 2023-09-30 07370126 core:LeaseholdImprovements 2023-09-30 07370126 core:PlantMachinery 2023-09-30 07370126 core:FurnitureFittings 2023-09-30 07370126 core:OfficeEquipment 2023-09-30 07370126 core:ComputerEquipment 2023-09-30 07370126 core:LeaseholdImprovements 2024-09-30 07370126 core:PlantMachinery 2024-09-30 07370126 core:FurnitureFittings 2024-09-30 07370126 core:OfficeEquipment 2024-09-30 07370126 core:ComputerEquipment 2024-09-30 07370126 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-09-30 07370126 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-09-30 07370126 bus:OrdinaryShareClass1 2024-09-30 07370126 bus:OrdinaryShareClass2 2024-09-30 07370126 bus:OrdinaryShareClass3 2024-09-30 07370126 bus:OrdinaryShareClass4 2024-09-30 07370126 bus:OrdinaryShareClass5 2024-09-30 07370126 bus:OtherShareClass1 2024-09-30 07370126 bus:OtherShareClass2 2024-09-30 07370126 2023-10-01 2024-09-30 07370126 bus:FilletedAccounts 2023-10-01 2024-09-30 07370126 bus:SmallEntities 2023-10-01 2024-09-30 07370126 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07370126 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07370126 bus:Director1 2023-10-01 2024-09-30 07370126 bus:Director2 2023-10-01 2024-09-30 07370126 bus:Director3 2023-10-01 2024-09-30 07370126 bus:Director4 2023-10-01 2024-09-30 07370126 bus:Director5 2023-10-01 2024-09-30 07370126 bus:Director6 2023-10-01 2024-09-30 07370126 bus:Director7 2023-10-01 2024-09-30 07370126 bus:Director8 2023-10-01 2024-09-30 07370126 core:LeaseholdImprovements core:TopRangeValue 2023-10-01 2024-09-30 07370126 core:PlantMachinery core:TopRangeValue 2023-10-01 2024-09-30 07370126 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 07370126 core:OfficeEquipment core:TopRangeValue 2023-10-01 2024-09-30 07370126 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 07370126 2022-10-01 2023-09-30 07370126 core:LeaseholdImprovements 2023-10-01 2024-09-30 07370126 core:PlantMachinery 2023-10-01 2024-09-30 07370126 core:FurnitureFittings 2023-10-01 2024-09-30 07370126 core:OfficeEquipment 2023-10-01 2024-09-30 07370126 core:ComputerEquipment 2023-10-01 2024-09-30 07370126 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 07370126 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 07370126 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 07370126 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 07370126 bus:OrdinaryShareClass3 2023-10-01 2024-09-30 07370126 bus:OrdinaryShareClass3 2022-10-01 2023-09-30 07370126 bus:OrdinaryShareClass4 2023-10-01 2024-09-30 07370126 bus:OrdinaryShareClass4 2022-10-01 2023-09-30 07370126 bus:OrdinaryShareClass5 2023-10-01 2024-09-30 07370126 bus:OrdinaryShareClass5 2022-10-01 2023-09-30 07370126 bus:OtherShareClass1 2023-10-01 2024-09-30 07370126 bus:OtherShareClass1 2022-10-01 2023-09-30 07370126 bus:OtherShareClass2 2023-10-01 2024-09-30 07370126 bus:OtherShareClass2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07370126 (England and Wales)

FIVE PLUS ARCHITECTS LIMITED

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

FIVE PLUS ARCHITECTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

FIVE PLUS ARCHITECTS LIMITED

BALANCE SHEET

As at 30 September 2024
FIVE PLUS ARCHITECTS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 91,131 56,213
91,131 56,213
Current assets
Stocks 28,101 27,295
Debtors 5 462,359 452,712
Cash at bank and in hand 259,883 283,749
750,343 763,756
Creditors: amounts falling due within one year 6 ( 395,927) ( 372,191)
Net current assets 354,416 391,565
Total assets less current liabilities 445,547 447,778
Provision for liabilities 0 ( 14,053)
Net assets 445,547 433,725
Capital and reserves
Called-up share capital 7 68 68
Capital redemption reserve 32 32
Profit and loss account 445,447 433,625
Total shareholders' funds 445,547 433,725

For the financial 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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Five Plus Architects Limited (registered number: 07370126) were approved and authorised for issue by the Board of Directors on 26 March 2025. They were signed on its behalf by:

Adam Thornton
Director
FIVE PLUS ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
FIVE PLUS ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

Five Plus Architects Limited (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 Fourth Floor The Hive, 47 Lever Street, Manchester, M1 1FN, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account 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 Balance Sheet.

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 Balance Sheet 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:

Leasehold improvements 5 years straight line
Plant and machinery 3 years straight line
Fixtures and fittings 3 years straight line
Office equipment 3 years straight line
Computer equipment 3 years straight line

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 40 40

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £ £
Cost
At 01 October 2023 7,979 84,636 8,694 4,350 214,206 319,865
Additions 67,570 7,189 6,817 0 1,890 83,466
Disposals 0 ( 8,263) ( 918) 0 ( 1,616) ( 10,797)
At 30 September 2024 75,549 83,562 14,593 4,350 214,480 392,534
Accumulated depreciation
At 01 October 2023 47 75,553 7,999 4,349 175,704 263,652
Charge for the financial year 13,289 7,218 2,590 1 25,362 48,460
Disposals 0 ( 8,180) ( 913) 0 ( 1,616) ( 10,709)
At 30 September 2024 13,336 74,591 9,676 4,350 199,450 301,403
Net book value
At 30 September 2024 62,213 8,971 4,917 0 15,030 91,131
At 30 September 2023 7,932 9,083 695 1 38,502 56,213

5. Debtors

2024 2023
£ £
Trade debtors 342,977 350,021
Amounts owed by connected companies 0 9,600
Deferred tax asset 1,342 0
Corporation tax 0 26,910
Other debtors 118,040 66,181
462,359 452,712

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 64,624 16,218
Other taxation and social security 110,337 123,463
Other creditors 220,966 232,510
395,927 372,191

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
676 Ordinary-A shares of £ 0.01 each 6.76 6.76
1,689 Ordinary-B shares of £ 0.01 each 16.89 16.89
1,689 Ordinary-C shares of £ 0.01 each 16.89 16.89
845 Ordinary-D shares of £ 0.01 each 8.45 8.45
1,183 Ordinary-E shares of £ 0.01 each 11.83 11.83
338 Ordinary-F shares of £ 0.01 each 3.38 3.38
338 Ordinary-G shares of £ 0.01 each 3.38 3.38
67.58 67.58

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 350,667 0

9. Ultimate controlling party

The company is owned by its directors, no individual has a controlling interest.