Elder & Cannon Architects Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC296085 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Elder & Cannon Architects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Connolly

J F Docherty

J Togneri

SECRETARY:

J F Docherty

REGISTERED OFFICE:

40 Berkeley Street

Glasgow

G3 7DW

REGISTERED NUMBER:

SC296085 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

BANKERS:

Bank of Scotland

The Quadrant Centre

Coatbridge

ML5 3EF

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,693

2,653

1,693

2,653

CURRENT ASSETS

Stocks

21,073

157,713

Debtors

6

599,262

383,459

Cash at bank and in hand

68,003

131,001

688,338

672,173

CREDITORS

Amounts falling due within one year

7

226,565

217,840

NET CURRENT ASSETS

461,773

454,333

TOTAL ASSETS LESS CURRENT
LIABILITIES

463,466

456,986

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

463,266

456,786

SHAREHOLDERS' FUNDS

463,466

456,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 5 November 2025 and were signed on its behalf by:

J F Docherty - Director

1.	STATUTORY INFORMATION

Elder & Cannon Architects Limited is a private company, limited by shares , registered in Scotland. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, as adjusted for work in progress and fees issued in advance.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten 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 etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value. This is calculated as the costs to date relating to ongoing projects less any attained profit.

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.

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 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

250,000

AMORTISATION

At 1 April 2024

and 31 March 2025

250,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

33,812

DEPRECIATION

At 1 April 2024

31,159

Charge for year

960

At 31 March 2025

32,119

NET BOOK VALUE

At 31 March 2025

1,693

At 31 March 2024

2,653

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

579,853

341,462

Other debtors

5,100

3,400

Directors' current accounts

8,038

Section 419 debtor

3,216

Prepayments

3,055

27,343

599,262

383,459

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

10,536

21,118

Tax

1,331

3,717

Section 419 creditor

-

1,519

Social security and other taxes

7,727

6,005

VAT

105,147

79,498

Accrued expenses

101,824

105,983

226,565

217,840

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

3,726

4,968

Between one and five years

-

3,726

8,694

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

T Connolly

Balance outstanding at start of year

3,538

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,538

J F Docherty

Balance outstanding at start of year

3,500

(3,520

)

Amounts advanced

-

7,020

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,500

J Togneri

Balance outstanding at start of year

1,000

(12,929

)

Amounts advanced

-

13,929

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

1,000

The loans to the directors carry no interest.