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Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Michael Jones Architects Limited

Michael Jones Architects Limited (Registered number: 08621629)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Michael Jones Architects Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A Breathwick
I Pedley
R Woods





REGISTERED OFFICE: 129 Kew Road
Richmond
Surrey
TW9 2PN





REGISTERED NUMBER: 08621629 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Michael Jones Architects Limited (Registered number: 08621629)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,459 47,386
39,459 47,386

CURRENT ASSETS
Debtors 6 355,393 503,527
Cash at bank 803,085 822,816
1,158,478 1,326,343
CREDITORS
Amounts falling due within one year 7 1,012,054 705,040
NET CURRENT ASSETS 146,424 621,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,883

668,689

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 184,883 667,689
SHAREHOLDERS' FUNDS 185,883 668,689

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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





I Pedley - Director


Michael Jones Architects Limited (Registered number: 08621629)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Michael Jones Architects Limited 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 represents work carried out in the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 21 (2023 - 22 ) .

Michael Jones Architects Limited (Registered number: 08621629)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 160,000
AMORTISATION
At 1 August 2023
and 31 July 2024 160,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Intangible fixed assets represent goodwill on amortisation and is amortised over 7 years.

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023 113,510
Additions 9,092
At 31 July 2024 122,602
DEPRECIATION
At 1 August 2023 66,124
Charge for year 17,019
At 31 July 2024 83,143
NET BOOK VALUE
At 31 July 2024 39,459
At 31 July 2023 47,386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 303,430 389,825
Other debtors 2,009 -
Prepayments 15,914 27,898
Accrued income 34,040 85,804
355,393 503,527

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,276 454
Tax 97,942 20,082
Social security and other taxes 17,481 2,665
VAT 107,375 131,509
BPW Holdings Ltd 679,852 1,852
Accrued expenses 104,128 548,478
1,012,054 705,040

Michael Jones Architects Limited (Registered number: 08621629)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is BPW Holdings Limited.