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REGISTERED NUMBER: 03507734 (England and Wales)












HPW ARCHITECTURE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






HPW ARCHITECTURE LTD (REGISTERED NUMBER: 03507734)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HPW ARCHITECTURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A C Powell
A C Urquhart
A S Howe





SECRETARY: A C Powell





REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 03507734 (England and Wales)

HPW ARCHITECTURE LTD (REGISTERED NUMBER: 03507734)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 27,627 35,921

CURRENT ASSETS
Debtors 5 82,227 107,886
Cash at bank 66,875 86,412
149,102 194,298
CREDITORS
Amounts falling due within one year 6 (51,425 ) (78,005 )
NET CURRENT ASSETS 97,677 116,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,304

152,214

CREDITORS
Amounts falling due after more than one
year

7

(54,793

)

(80,364

)

PROVISIONS FOR LIABILITIES 9 (3,250 ) (4,698 )
NET ASSETS 67,261 67,152

CAPITAL AND RESERVES
Called up share capital 10 1,059 1,059
Share premium 20,000 20,000
Retained earnings 46,202 46,093
SHAREHOLDERS' FUNDS 67,261 67,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HPW ARCHITECTURE LTD (REGISTERED NUMBER: 03507734)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





A C Powell - Director


HPW ARCHITECTURE LTD (REGISTERED NUMBER: 03507734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

HPW Architecture Ltd 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the amount derived from the provision of services falling within the company's activities after deduction of value added tax, together with revenue being recognised as project activity progresses to reflect the seller's partial performance of its contractual obligations. Where turnover has been invoiced in advance, the relevant amount has been excluded from turnover and included as deferred income in other creditors.

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 - 15% Reducing balance
Computer equipment - Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


HPW ARCHITECTURE LTD (REGISTERED NUMBER: 03507734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Finance leases
Leases are classified as finance leases when the terms of the lease transfer substantially all the risks and rewards of ownership of the leased assets.

Assets held under finance leases are recognised initially at the fair value of the leased asset or, if lower, the present value of the minimum lease payments at the inception of the lease. The corresponding liability is included in the statement of financial position as financial leases within creditors. Lease payments are apportioned between finance charges and reduction of the lease liability using the effective interest method so as to achieve a constant rate of interest method so as to achieve a constant rate of interest on the remaining balance of the liability.

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 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2024 4,283 48,007 52,290
Disposals - (4,716 ) (4,716 )
At 31 December 2024 4,283 43,291 47,574
DEPRECIATION
At 1 January 2024 3,435 12,934 16,369
Charge for year 127 7,590 7,717
Eliminated on disposal - (4,139 ) (4,139 )
At 31 December 2024 3,562 16,385 19,947
NET BOOK VALUE
At 31 December 2024 721 26,906 27,627
At 31 December 2023 848 35,073 35,921

HPW ARCHITECTURE LTD (REGISTERED NUMBER: 03507734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 48,511 51,886
Amounts recoverable on contract 30,000 56,000
Other debtors 3,716 -
82,227 107,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 5,556 5,556
Finance leases 9,752 9,752
Trade creditors 231 235
Taxation and social security 22,533 33,438
Other creditors 13,353 29,024
51,425 78,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 25,464 31,020
Finance leases 8,278 19,503
Other creditors 21,051 29,841
54,793 80,364

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 3,241 8,797

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Finance leases 18,030 29,255

Finance lease debt is secured against the assets to which it relates.

HPW ARCHITECTURE LTD (REGISTERED NUMBER: 03507734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 3,250 4,698

Deferred tax
£
Balance at 1 January 2024 4,698
Credit to Income Statement during year (1,448 )
Balance at 31 December 2024 3,250

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,059 Ordinary £1 1,059 1,059