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 02933452 G L Reilly R M Pedley T J Chapman-Cavanagh J S Assael P J Ladhams G L Hull iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02933452 2023-05-31 02933452 2024-05-31 02933452 2023-06-01 2024-05-31 02933452 frs-core:CurrentFinancialInstruments 2024-05-31 02933452 frs-core:Non-currentFinancialInstruments 2024-05-31 02933452 frs-core:BetweenOneFiveYears 2024-05-31 02933452 frs-core:FurnitureFittings 2024-05-31 02933452 frs-core:FurnitureFittings 2023-06-01 2024-05-31 02933452 frs-core:FurnitureFittings 2023-05-31 02933452 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 02933452 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 02933452 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 02933452 frs-core:MoreThanFiveYears 2024-05-31 02933452 frs-core:PlantMachinery 2024-05-31 02933452 frs-core:PlantMachinery 2023-06-01 2024-05-31 02933452 frs-core:PlantMachinery 2023-05-31 02933452 frs-core:WithinOneYear 2024-05-31 02933452 frs-core:ShareCapital 2024-05-31 02933452 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02933452 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02933452 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 02933452 frs-bus:SmallEntities 2023-06-01 2024-05-31 02933452 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02933452 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02933452 frs-core:CostValuation 2023-05-31 02933452 frs-core:CostValuation 2024-05-31 02933452 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 02933452 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 02933452 frs-bus:Director1 2023-06-01 2024-05-31 02933452 frs-bus:Director2 2023-06-01 2024-05-31 02933452 frs-bus:Director3 2023-06-01 2024-05-31 02933452 frs-bus:Director4 2023-06-01 2024-05-31 02933452 frs-bus:Director5 2023-06-01 2024-05-31 02933452 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 02933452 frs-countries:EnglandWales 2023-06-01 2024-05-31 02933452 2022-05-31 02933452 2023-05-31 02933452 2022-06-01 2023-05-31 02933452 frs-core:CurrentFinancialInstruments 2023-05-31 02933452 frs-core:Non-currentFinancialInstruments 2023-05-31 02933452 frs-core:BetweenOneFiveYears 2023-05-31 02933452 frs-core:MoreThanFiveYears 2023-05-31 02933452 frs-core:WithinOneYear 2023-05-31 02933452 frs-core:ShareCapital 2023-05-31 02933452 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 02933452
Assael Architecture Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
BWBCA Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02933452
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 278,204 397,907
Investments 5 104,054 104,054
382,258 501,961
CURRENT ASSETS
Debtors 6 4,147,081 3,528,692
Cash at bank and in hand 149,776 237,752
4,296,857 3,766,444
Creditors: Amounts Falling Due Within One Year 7 (1,897,814 ) (1,936,751 )
NET CURRENT ASSETS (LIABILITIES) 2,399,043 1,829,693
TOTAL ASSETS LESS CURRENT LIABILITIES 2,781,301 2,331,654
Creditors: Amounts Falling Due After More Than One Year 8 (642,078 ) (33,451 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (19,087 )
NET ASSETS 2,139,223 2,279,116
CAPITAL AND RESERVES
Called up share capital 10 200,000 200,000
Profit and Loss Account 1,939,223 2,079,116
SHAREHOLDERS' FUNDS 2,139,223 2,279,116
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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
J S Assael
Director
16 May 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Assael Architecture Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02933452 . 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 the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (on delivery), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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 andmaterials, 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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over the remaining term of the lease
Plant & Machinery 33% on cost
Fixtures & Fittings 20% on cost
Tangible fixed assets are stated at historical purchase cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to working condition for its intended use.
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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2.11. Employee Ownership Trust
The group established AAL Employee Ownership Trust to enable shares in the company to be held by the trustees for the benefit of the company's employees. Distributions made by the company are treated as gifts to the trust so the trust can meet its obligations.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 77 (2023: 87)
77 87
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 920,248 1,239,495 333,676 2,493,419
Additions - 45,057 - 45,057
As at 31 May 2024 920,248 1,284,552 333,676 2,538,476
Depreciation
As at 1 June 2023 619,119 1,147,292 329,101 2,095,512
Provided during the period 95,040 66,863 2,857 164,760
As at 31 May 2024 714,159 1,214,155 331,958 2,260,272
Net Book Value
As at 31 May 2024 206,089 70,397 1,718 278,204
As at 1 June 2023 301,129 92,203 4,575 397,907
5. Investments
Subsidiaries
£
Cost
As at 1 June 2023 104,054
As at 31 May 2024 104,054
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 104,054
As at 1 June 2023 104,054
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,516 119,343
Amounts owed by group undertakings 3,910,434 3,158,643
Other debtors 235,131 250,706
4,147,081 3,528,692
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 33,208 41,828
Trade creditors 348,505 366,228
Bank loans and overdrafts 147,162 240,000
Amounts owed to group undertakings 272 186
Other creditors 503,430 393,705
Taxation and social security 865,237 894,804
1,897,814 1,936,751
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 29,836 33,451
Bank loans 612,242 -
642,078 33,451
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,208 41,828
Later than one year and not later than five years 29,836 33,451
63,044 75,279
63,044 75,279
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,000 200,000
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 112,517 403,630
Later than one year and not later than five years 1,426,294 1,535,371
Later than five years 568,206 948,296
2,107,017 2,887,297
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