REGISTERED NUMBER: 05330775 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

WALTERS AND COHEN ARCHITECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Cohen

C Walters

G Bonfanti

R A Hill

H M Anderson

SECRETARY:

C Walters

REGISTERED OFFICE:

2 Wilkin Street

London

NW5 3NL

REGISTERED NUMBER:

05330775 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,171

20,854

16,171

20,854

CURRENT ASSETS

Stocks

132,391

138,906

Debtors

6

263,060

249,924

Cash at bank and in hand

60,527

10,095

455,978

398,925

CREDITORS

Amounts falling due within one year

7

(344,336

)

(360,859

)

NET CURRENT ASSETS

111,642

38,066

TOTAL ASSETS LESS CURRENT LIABILITIES

127,813

58,920

CREDITORS

Amounts falling due after more than one year

8

(121,029

)

(10,956

)

PROVISIONS FOR LIABILITIES

11

(2,815

)

(4,304

)

NET ASSETS

3,969

43,660

CAPITAL AND RESERVES

Called up share capital

12

200

200

Retained earnings

3,769

43,460

SHAREHOLDERS' FUNDS

3,969

43,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 6 August 2025 and were signed on its behalf by:

M Cohen - Director

C Walters - Director

1.	STATUTORY INFORMATION

Walters And Cohen 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised by reference to the degree of completion of each contract, provided that the outcome can be reliably estimated.

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

-

25% on reducing balance

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.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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 22 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

100,000

AMORTISATION

At 1 May 2024

and 30 April 2025

100,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

4,919

104,404

206,511

315,834

Additions

-

-

609

609

At 30 April 2025

4,919

104,404

207,120

316,443

DEPRECIATION

At 1 May 2024

4,905

101,277

188,798

294,980

Charge for year

4

782

4,506

5,292

At 30 April 2025

4,909

102,059

193,304

300,272

NET BOOK VALUE

At 30 April 2025

10

2,345

13,816

16,171

At 30 April 2024

14

3,127

17,713

20,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

115,195

175,534

Other debtors

147,865

74,390

263,060

249,924

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts (see note 9)

217,099

114,256

Trade creditors

52,537

56,381

Taxation and social security

65,834

169,753

Other creditors

8,866

20,469

344,336

360,859

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans (see note 9)

121,029

10,956

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

142,449

69,079

Bank loans

74,650

45,177

217,099

114,256

Amounts falling due between one and two years:

Bank loans - 1-2 years

68,595

10,956

Amounts falling due between two and five years:

Bank loans - 2-5 years

52,434

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank overdrafts

142,449

69,079

Loans

195,679

56,133

338,128

125,212

Included within the above is £10,978 (2024: £21,604) secured under the Bounce Back Loan scheme and the remaining balance is secured by a floating charge over the assets of the company.

11.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

2,815

4,304

Deferred

tax

£

Balance at 1 May 2024

4,304

Provided during year

(1,489

)

Balance at 30 April 2025

2,815

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

200

Ordinary

£1

200

200

13.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the employees. Amounts charged to the profit and loss account were £28,425 (2024: £136,933). There were outstanding contributions of £2,031 (2024: £1,509) at the balance sheet date.

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

C Walters and M Cohen

Balance outstanding at start of year

-

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

61,329

-

The company charged the directors interest on the above balance at the official rate.

M Cohen and C Walters have provided personal guarantees in support of the company's bank indebtedness.

15.	RELATED PARTY DISCLOSURES

M Cohen and C Walters

Directors of the company.

During the year the directors mentioned above charged rent to the company on a commercial arms length basis totalling £111,000 (2024: £81,060).