Registration Number: 07712050
England & Wales
NATHANIEL GEE ARCHITECTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
For the year ended 31 July 2024
NATHANIEL GEE ARCHITECTS LIMITED
BALANCE SHEET
As at 31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 3 23,016 20,285
Current assets
Debtors 4 40,000 37,257
Cash at bank and in hand 46,342 162,290
86,342 199,547
Creditors - amounts falling due within one year 5 (48,422) (22,066)
Net current assets 37,920 177,481
Total assets less current liabilities 60,936 197,766
Provisions for liabilities (2,450) (2,450)
Net assets 58,486 195,316
Capital and reserves
Called up share capital 100 100
Profit and loss account 58,386 195,216
Shareholder's funds 58,486 195,316
The director is satisfied that the company is entitled to the exemption under section 477 of the Companies Act 2006 from the requirement to have its accounts audited.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Register of Companies.
Approved by the board on 28 April 2025 and signed on its behalf by:
Nathaniel Thomas Whitby Gee
Director
The notes on pages 2 to 5 form an integral part of these accounts
Page 1
NATHANIEL GEE ARCHITECTS LIMITED
Notes to the Financial Statements
For the year ended 31 July 2024
1. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
(b) Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
(c) Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Plant and machinery etc 25% reducing balance
Motor vehicles 25% reducing balance
(d) Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
(e) Pension costs
The company operates a defined contribution pension scheme. Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
(f) Foreign currency translation
Transactions in foreign currencies are recorded at the average exchange rate for the month in which the transaction takes place. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.
Page 2
NATHANIEL GEE ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 July 2024
Accounting policies (continued)
1. (g) Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2. Employees 2024 2023
Number Number
Average number of persons employed by the company including directors 1 1
3. Tangible fixed assets
Plant and
Machinery Motor
etc. Vehicles Total
£ £ £
Cost
At 1 August 2023 58,448 19,934 78,382
Additions 949 15,769 16,718
Disposals - (19,934) (19,934)
At 31 July 2024 59,397 15,769 75,166
Depreciation
At 1 August 2023 44,470 13,627 58,097
Charge for the year 3,738 3,942 7,680
On disposals - (13,627) (13,627)
At 31 July 2024 48,208 3,942 52,150
Net book value
At 31 July 2024 11,189 11,827 23,016
At 31 July 2023 13,978 6,307 20,285
Page 3
NATHANIEL GEE ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 July 2024
4. Debtors 2024 2023
£ £
Trade debtors 23,425 23,425
Prepayments and accrued income 10,484 10,484
Other debtors 6,091 3,348
40,000 37,257
5. Creditors - amounts falling due within one year 2024 2023
£ £
Trade creditors 3,411 1,666
Taxation and social security costs 3,469 14,953
Accruals and deferred income 4,921 4,921
Other creditors 36,621 526
48,422 22,066
6. Pension commitments
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,000 (2023 - £6,000).
Page 4
NATHANIEL GEE ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 July 2024
8. Director's advances, credits and guarantees
The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:
2024 2023
£ £
Nathaniel Thomas Whitby Gee
Balance outstanding at the beginning of the year 526 (462)
Amounts advanced during the year (21,074) (21,074)
Amounts repaid during the year 22,062 22,062
Balance outstanding at the end of the year 1,514 526
9. Controlling party
The company is controlled by Nathaniel Thomas Whitby Gee by virtue of his holding in the company.
10. Statutory information
The company is a private company limited by shares and incorporated in England. Its registered office is:
Studio 11.5
2-4 Exmoor Street
London W10 6BD
Page 5
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