Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 13014199 T J Chapman-Cavanagh R M Pedley P J Ladhams G L Reilly G L Reilly true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13014199 2023-05-31 13014199 2024-05-31 13014199 2023-06-01 2024-05-31 13014199 frs-core:CurrentFinancialInstruments 2024-05-31 13014199 frs-core:ShareCapital 2024-05-31 13014199 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13014199 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13014199 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13014199 frs-bus:SmallEntities 2023-06-01 2024-05-31 13014199 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13014199 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13014199 1 2023-06-01 2024-05-31 13014199 frs-bus:Director1 2023-06-01 2024-05-31 13014199 frs-bus:Director2 2023-06-01 2024-05-31 13014199 frs-bus:Director3 2023-06-01 2024-05-31 13014199 frs-bus:Director4 2023-06-01 2024-05-31 13014199 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 13014199 frs-countries:EnglandWales 2023-06-01 2024-05-31 13014199 2022-05-31 13014199 2023-05-31 13014199 2022-06-01 2023-05-31 13014199 frs-core:CurrentFinancialInstruments 2023-05-31 13014199 frs-core:ShareCapital 2023-05-31 13014199 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13014199
Assael Architecture UK Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
BWBCA Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13014199
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 3,032,183 3,275,412
Cash at bank and in hand 13,847 237,661
3,046,030 3,513,073
Creditors: Amounts Falling Due Within One Year 5 (3,025,908 ) (2,944,885 )
NET CURRENT ASSETS (LIABILITIES) 20,122 568,188
TOTAL ASSETS LESS CURRENT LIABILITIES 20,122 568,188
NET ASSETS 20,122 568,188
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 19,122 567,188
SHAREHOLDERS' FUNDS 20,122 568,188
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R M Pedley
Director
15 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Assael Architecture UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13014199 . The registered office is 123 Upper Richmond Road, London, SW15 2TL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions in areas where this information is not readily available from other sources. In particular the directors use judgement in assessing the warranty provision as well as the carrying amount of assets and liabilities. The estimates and assumptions are based on the historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The key source of estimation uncertainty is the recognition of turnover on long term contracts. This requires management judgement regarding the proportion of works completed at the balance sheet date. The value of work completed at the balance sheet date is assessed by reference to the actual contract costs at the balance sheet date compared to total budgeted costs to complete the contract.The recoverability of all debtors, including amounts recoverable on long term contracts is reviewed by the directors at each balance sheet date to ensure no impairment is required.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.4. 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 accounts receivable and payable.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
Debtors
Short term debtors are measured at transaction price, less any impairment. They are assessed for indicators of impairment at each reporting end date.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including loans and finance leases are measured initially at fair value, net of transaction.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting 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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,897,979 2,402,013
Amounts recoverable on contracts 1,134,204 873,399
3,032,183 3,275,412
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,437 197
Amounts owed to group undertakings 3,005,477 2,939,387
Other creditors 18,994 5,301
3,025,908 2,944,885
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Ultimate Controlling Party
The ultimate parent undertaking is Assael Architecture Limited, a company registered and incorporated in England and Wales, where the registered office is 123 Upper Richmond Road, London, United Kingdom.
8. Secured Debts
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Allica Bank Limited hold a full form debenture comprising fixed and floating charges over the whole or substantially the whole of the business, assets and undertakings.
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