Company registration number 15234491 (England and Wales)
WS CHARTERED ARCHITECTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
WS CHARTERED ARCHITECTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WS CHARTERED ARCHITECTS LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
Notes
£
£
Fixed assets
Intangible assets
3
233,333
Tangible assets
4
17,303
250,636
Current assets
Stocks
47,661
Debtors
5
80,885
Cash at bank and in hand
221,743
350,289
Creditors: amounts falling due within one year
6
(415,254)
Net current liabilities
(64,965)
Total assets less current liabilities
185,671
Creditors: amounts falling due after more than one year
7
(171,169)
Provisions for liabilities
(872)
Net assets
13,630
Capital and reserves
Called up share capital
100
Profit and loss reserves
13,530
Total equity
13,630
WS CHARTERED ARCHITECTS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

For the financial period ended 31 January 2025 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 of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 July 2025 and are signed on its behalf by:
Mr M P Steart
Director
Company registration number 15234491 (England and Wales)
WS CHARTERED ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

WS Chartered Architects Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6 Tuly Street, Barnstaple, Devon, EX31 1DH.

1.1
Reporting period

The financial statements have been made up to 31 January 2025 being the company's annual accounting date.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
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.

 

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 15 years.

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Straight line over 6 years
Plant and 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 credited or charged to profit or loss.

1.6
Stocks

Work in progress is valued in the financial statements based upon the stage of completion at the balance sheet date.

WS CHARTERED ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
13
WS CHARTERED ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 25 October 2023
-
0
Additions
250,000
At 31 January 2025
250,000
Amortisation and impairment
At 25 October 2023
-
0
Amortisation charged for the period
16,667
At 31 January 2025
16,667
Carrying amount
At 31 January 2025
233,333
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 25 October 2023
-
0
-
0
-
0
Additions
564
21,065
21,629
At 31 January 2025
564
21,065
21,629
Depreciation and impairment
At 25 October 2023
-
0
-
0
-
0
Depreciation charged in the period
96
4,230
4,326
At 31 January 2025
96
4,230
4,326
Carrying amount
At 31 January 2025
468
16,835
17,303
5
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
36,337
Other debtors
44,548
80,885
WS CHARTERED ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
3,746
Taxation and social security
64,695
Other creditors
346,813
415,254
7
Creditors: amounts falling due after more than one year
2025
£
Other creditors
171,169
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
£
Total commitments
42,006
2025-01-312023-10-25falsefalsefalse16 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMatthew SteartMrs N L Steart152344912023-10-252025-01-31152344912025-01-3115234491core:NetGoodwill2025-01-3115234491core:LandBuildings2025-01-3115234491core:OtherPropertyPlantEquipment2025-01-3115234491core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3115234491core:ShareCapital2025-01-3115234491core:RetainedEarningsAccumulatedLosses2025-01-3115234491bus:Director12023-10-252025-01-3115234491core:Goodwill2023-10-252025-01-3115234491core:LeaseholdImprovements2023-10-252025-01-3115234491core:PlantMachinery2023-10-252025-01-3115234491core:NetGoodwill2023-10-2415234491core:NetGoodwill2023-10-252025-01-3115234491core:LandBuildings2023-10-2415234491core:OtherPropertyPlantEquipment2023-10-24152344912023-10-2415234491core:LandBuildings2023-10-252025-01-3115234491core:OtherPropertyPlantEquipment2023-10-252025-01-3115234491core:CurrentFinancialInstruments2025-01-3115234491core:WithinOneYear2025-01-3115234491core:Non-currentFinancialInstruments2025-01-3115234491bus:PrivateLimitedCompanyLtd2023-10-252025-01-3115234491bus:SmallCompaniesRegimeForAccounts2023-10-252025-01-3115234491bus:FRS1022023-10-252025-01-3115234491bus:AuditExemptWithAccountantsReport2023-10-252025-01-3115234491bus:Director22023-10-252025-01-3115234491bus:FullAccounts2023-10-252025-01-31xbrli:purexbrli:sharesiso4217:GBP