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REGISTERED NUMBER: 05511787 (England and Wales)


















Seth Stein Architects Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






Seth Stein Architects Limited (Registered number: 05511787)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Seth Stein Architects Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S A Stein
A D Abdulezer





SECRETARY: Ms S H Pollen





REGISTERED OFFICE: 1 Bell Street
2nd Floor
London
NW1 5BY





REGISTERED NUMBER: 05511787 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

Seth Stein Architects Limited (Registered number: 05511787)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,979 4,516
3,979 4,516

CURRENT ASSETS
Debtors 6 70,759 61,968
Cash at bank 141,050 196,512
211,809 258,480
CREDITORS
Amounts falling due within one year 7 (87,726 ) (96,243 )
NET CURRENT ASSETS 124,083 162,237
TOTAL ASSETS LESS CURRENT LIABILITIES 128,062 166,753

PROVISIONS FOR LIABILITIES 8 (686 ) (773 )
NET ASSETS 127,376 165,980

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 127,375 165,979
SHAREHOLDERS' FUNDS 127,376 165,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Seth Stein Architects Limited (Registered number: 05511787)

Balance Sheet - continued
30 September 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 19 June 2025 and were signed on its behalf by:





A D Abdulezer - Director


Seth Stein Architects Limited (Registered number: 05511787)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Seth Stein 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 amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.

Turnover also includes appropriate amounts in respect of long-term work in progress to the extent that the outcome of these contracts can be assessed with reasonable certainty.

Turnover is no recognised where the right to receive payment is contingent on events outside the control of the company. Interim billings on account are otherwise not included.

Unbilled revenue is included in debtors as 'Amounts recoverable on contracts'. Amounts billed on account of work in progress are shown as a deduction from gross work in progress, to the extent that they are not recognised as revenue. Amounts billed on account in excess of the amounts recognised as revenue are included in creditors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.


Seth Stein Architects Limited (Registered number: 05511787)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 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 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 82,370
AMORTISATION
At 1 October 2023
and 30 September 2024 82,370
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Seth Stein Architects Limited (Registered number: 05511787)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 21,090 26,929 64,676 112,695
Additions - - 790 790
At 30 September 2024 21,090 26,929 65,466 113,485
DEPRECIATION
At 1 October 2023 20,635 23,187 64,357 108,179
Charge for year 114 936 277 1,327
At 30 September 2024 20,749 24,123 64,634 109,506
NET BOOK VALUE
At 30 September 2024 341 2,806 832 3,979
At 30 September 2023 455 3,742 319 4,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,653 37,636
Amounts recoverable on contract 3,406 4,178
Other debtors 46,700 20,154
70,759 61,968

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,087 30,212
Corporation tax 3,467 277
Social security and other taxes 14,666 23,069
Other creditors 43,506 42,685
87,726 96,243

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 686 773

Seth Stein Architects Limited (Registered number: 05511787)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 773
Provided during year (87 )
Balance at 30 September 2024 686

9. RELATED PARTY DISCLOSURES

During the year, director Mr S A Stein has provided working capital to the company. At the balance sheet date the company owed to him £450 (2023: £252).