NBK Architects Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07879093

NBK Architects Limited

Filleted Unaudited Financial Statements

31 December 2024

NBK Architects Limited

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		577	768

Current assets

Debtors	6	–	199
Cash at bank and in hand		18,965	21,337
		--------	--------
		18,965	21,536

Creditors: amounts falling due within one year	7	( 19,049)		( 20,202)
		--------		--------
Net current (liabilities)/assets			( 84)	1,334
			----	-------
Total assets less current liabilities			493	2,102

Provisions

Taxation including deferred tax	( 110)	( 146)
	----	-------
Net assets	383	1,956
	----	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	283	1,856
	----	-------
Shareholders funds	383	1,956
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

NBK Architects Limited

Balance Sheet (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mrs N B Kapoor
Director

Company registration number: 07879093

NBK Architects Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, Tottenham, London, N17 6RA, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities. The only accounting estimate made by the management is the estimated useful life of the tangible fixed assets.

Revenue recognition

The revenue recognised in the income statement represents amounts receivable for the period in respect of services rendered and disbursements.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fitting	-	25% reducing balance
Equipment	-	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	2,233	8,511	10,744
	-------	-------	--------
Depreciation
At 1 January 2024	1,948	8,028	9,976
Charge for the year	72	119	191
	-------	-------	--------
At 31 December 2024	2,020	8,147	10,167
	-------	-------	--------
Carrying amount
At 31 December 2024	213	364	577
	-------	-------	--------
At 31 December 2023	285	483	768
	-------	-------	--------

6. Debtors

	2024	2023
	£	£
Prepayments and accrued income	–	199
	----	----

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Accruals and deferred income	2,944	2,923
Corporation tax	18	1,278
Director loan accounts	15,518	15,182
Other creditors	569	819
	--------	--------
	19,049	20,202
	--------	--------

8. Related party transactions

Included within creditors due within one year is an amount of £15,517 (2023: £15,182) owed to the director. This loan is interest free and is repayable on demand.