Silverfin false false 30/09/2024 01/10/2023 30/09/2024 C Coyle 11/10/2024 K M Da-Costa-Greaves 11/10/2024 R J Fellows 01/10/2013 M S Robins 02/10/2023 A Tansill 11/10/2024 01/10/2013 R A Walder 01/07/2017 J White 11/10/2024 29 April 2025 The principal activity of the Company during the financial year was the provision of architectural services. 04767576 2024-09-30 04767576 bus:Director1 2024-09-30 04767576 bus:Director2 2024-09-30 04767576 bus:Director3 2024-09-30 04767576 bus:Director4 2024-09-30 04767576 bus:Director5 2024-09-30 04767576 bus:Director6 2024-09-30 04767576 bus:Director7 2024-09-30 04767576 2023-09-30 04767576 core:CurrentFinancialInstruments 2024-09-30 04767576 core:CurrentFinancialInstruments 2023-09-30 04767576 core:ShareCapital 2024-09-30 04767576 core:ShareCapital 2023-09-30 04767576 core:SharePremium 2024-09-30 04767576 core:SharePremium 2023-09-30 04767576 core:CapitalRedemptionReserve 2024-09-30 04767576 core:CapitalRedemptionReserve 2023-09-30 04767576 core:RetainedEarningsAccumulatedLosses 2024-09-30 04767576 core:RetainedEarningsAccumulatedLosses 2023-09-30 04767576 core:LeaseholdImprovements 2023-09-30 04767576 core:FurnitureFittings 2023-09-30 04767576 core:ComputerEquipment 2023-09-30 04767576 core:LeaseholdImprovements 2024-09-30 04767576 core:FurnitureFittings 2024-09-30 04767576 core:ComputerEquipment 2024-09-30 04767576 bus:OrdinaryShareClass1 2024-09-30 04767576 bus:OrdinaryShareClass2 2024-09-30 04767576 core:WithinOneYear 2024-09-30 04767576 core:WithinOneYear 2023-09-30 04767576 core:BetweenOneFiveYears 2024-09-30 04767576 core:BetweenOneFiveYears 2023-09-30 04767576 2023-10-01 2024-09-30 04767576 bus:FilletedAccounts 2023-10-01 2024-09-30 04767576 bus:SmallEntities 2023-10-01 2024-09-30 04767576 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04767576 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04767576 bus:Director1 2023-10-01 2024-09-30 04767576 bus:Director2 2023-10-01 2024-09-30 04767576 bus:Director3 2023-10-01 2024-09-30 04767576 bus:Director4 2023-10-01 2024-09-30 04767576 bus:Director5 2023-10-01 2024-09-30 04767576 bus:Director6 2023-10-01 2024-09-30 04767576 bus:Director7 2023-10-01 2024-09-30 04767576 core:FurnitureFittings 2023-10-01 2024-09-30 04767576 core:ComputerEquipment 2023-10-01 2024-09-30 04767576 2022-10-01 2023-09-30 04767576 core:LeaseholdImprovements 2023-10-01 2024-09-30 04767576 core:CurrentFinancialInstruments 2023-10-01 2024-09-30 04767576 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04767576 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 04767576 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 04767576 bus:OrdinaryShareClass2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04767576 (England and Wales)

QUATTRO DESIGN ARCHITECTS LIMITED

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

QUATTRO DESIGN ARCHITECTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

QUATTRO DESIGN ARCHITECTS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
QUATTRO DESIGN ARCHITECTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 101,484 114,592
101,484 114,592
Current assets
Debtors 4 1,105,079 1,417,057
Cash at bank and in hand 468,400 374,821
1,573,479 1,791,878
Creditors: amounts falling due within one year 5 ( 413,115) ( 612,167)
Net current assets 1,160,364 1,179,711
Total assets less current liabilities 1,261,848 1,294,303
Provision for liabilities ( 16,572) ( 24,422)
Net assets 1,245,276 1,269,881
Capital and reserves
Called-up share capital 6 252 254
Share premium account 171,481 168,724
Capital redemption reserve 97 95
Profit and loss account 1,073,446 1,100,808
Total shareholders' funds 1,245,276 1,269,881

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:

The financial statements of Quattro Design Architects Limited (registered number: 04767576) were approved and authorised for issue by the Board of Directors on 29 April 2025. They were signed on its behalf by:

R J Fellows
Director
QUATTRO DESIGN ARCHITECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
QUATTRO DESIGN 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

Quattro Design 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 Matthews Warehouse High Orchard Street, Gloucester Quays, Gloucester, GL2 5QY, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

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 Statement of Financial Position 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 deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Leasehold improvements depreciated over the life of the lease
Fixtures and fittings 33.3 % reducing balance
Computer equipment 25 % reducing balance

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.

Leases

The Company as lessee
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 Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in non puttable ordinary shares.

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 Statement of Financial Position 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 42 45

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 October 2023 97,691 400,824 114,197 612,712
Additions 0 19,952 0 19,952
At 30 September 2024 97,691 420,776 114,197 632,664
Accumulated depreciation
At 01 October 2023 53,366 330,557 114,197 498,120
Charge for the financial year 4,434 28,626 0 33,060
At 30 September 2024 57,800 359,183 114,197 531,180
Net book value
At 30 September 2024 39,891 61,593 0 101,484
At 30 September 2023 44,325 70,267 0 114,592

4. Debtors

2024 2023
£ £
Trade debtors 770,387 1,033,211
Amounts recoverable on contracts 145,710 134,730
Other debtors 188,982 249,116
1,105,079 1,417,057

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 83,708 159,461
Accruals 113,926 230,327
Corporation tax 8,063 23,457
Other taxation and social security 178,955 172,515
Other creditors 28,463 26,407
413,115 612,167

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
20,513 A ordinary shares of £ 0.01 each 205 205
4,665 B ordinary shares of £ 0.01 each (2023: 4,875 shares of £ 0.01 each) 47 49
252 254

During the year, the company repurchased 210 B ordinary shares of £0.01.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 151,460 156,538
between one and five years 250,892 402,352
402,352 558,890

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 15,307 15,483

8. Related party transactions

During the year the directors received dividends totalling £31,001 (2023 - £40,001) in respect of their shareholdings.