IRIS Accounts Production v25.1.0.734 12770601 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127706012023-07-31127706012024-07-31127706012023-08-012024-07-31127706012022-07-31127706012022-08-012023-07-31127706012023-07-3112770601ns15:EnglandWales2023-08-012024-07-3112770601ns14:PoundSterling2023-08-012024-07-3112770601ns10:Director12023-08-012024-07-3112770601ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112770601ns10:SmallEntities2023-08-012024-07-3112770601ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112770601ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112770601ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112770601ns10:FullAccounts2023-08-012024-07-3112770601ns10:RegisteredOffice2023-08-012024-07-3112770601ns5:CurrentFinancialInstruments2024-07-3112770601ns5:CurrentFinancialInstruments2023-07-3112770601ns5:Non-currentFinancialInstruments2024-07-3112770601ns5:Non-currentFinancialInstruments2023-07-3112770601ns5:ShareCapital2024-07-3112770601ns5:ShareCapital2023-07-3112770601ns5:RetainedEarningsAccumulatedLosses2024-07-3112770601ns5:RetainedEarningsAccumulatedLosses2023-07-3112770601ns5:PlantMachinery2023-08-012024-07-3112770601ns5:PlantMachinery2023-07-3112770601ns5:PlantMachinery2024-07-3112770601ns5:PlantMachinery2023-07-3112770601ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3112770601ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3112770601ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-07-3112770601ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3112770601ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112770601ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 12770601 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

INITIATE ARCHITECTURE LTD

INITIATE ARCHITECTURE LTD (REGISTERED NUMBER: 12770601)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INITIATE ARCHITECTURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: R L Hartland





REGISTERED OFFICE: 3 Ffordd Y Robin Goch
Coity
Bridgend
CF35 6GH





REGISTERED NUMBER: 12770601 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

INITIATE ARCHITECTURE LTD (REGISTERED NUMBER: 12770601)

BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,150 19,167

CURRENT ASSETS
Debtors 5 829 906
Cash at bank 61,190 37,709
62,019 38,615
CREDITORS
Amounts falling due within one year 6 15,725 10,362
NET CURRENT ASSETS 46,294 28,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,444

47,420

CREDITORS
Amounts falling due after more than one year 7 - (10,615 )

PROVISIONS FOR LIABILITIES (1,287 ) (3,642 )
NET ASSETS 50,157 33,163

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 50,155 33,161
50,157 33,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

INITIATE ARCHITECTURE LTD (REGISTERED NUMBER: 12770601)

BALANCE SHEET - continued
31 JULY 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 22 April 2025 and were signed by:





R L Hartland - Director


INITIATE ARCHITECTURE LTD (REGISTERED NUMBER: 12770601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Initiate Architecture 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

INITIATE ARCHITECTURE LTD (REGISTERED NUMBER: 12770601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 32,076
Additions 1,551
Disposals (21,567 )
At 31 July 2024 12,060
DEPRECIATION
At 1 August 2023 12,909
Charge for year 5,711
Eliminated on disposal (11,710 )
At 31 July 2024 6,910
NET BOOK VALUE
At 31 July 2024 5,150
At 31 July 2023 19,167

INITIATE ARCHITECTURE LTD (REGISTERED NUMBER: 12770601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 21,567
Disposals (21,567 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 9,436
Charge for year 2,275
Eliminated on disposal (11,710 )
At 31 July 2024 1
NET BOOK VALUE
At 31 July 2024 (1 )
At 31 July 2023 12,131

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors (47 ) 30
Other debtors 876 876
829 906

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Hire purchase contracts - 2,727
Taxation and social security 14,824 3,475
Other creditors 901 4,160
15,725 10,362

INITIATE ARCHITECTURE LTD (REGISTERED NUMBER: 12770601)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Hire purchase contracts - 10,615