Company registration number 1880303 (England and Wales)
SMALLWOOD ARCHITECTS LIMITED
Unaudited financial statements
For the year ended 31 March 2025
Pages for filing with registrar
SMALLWOOD ARCHITECTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
SMALLWOOD ARCHITECTS LIMITED
BALANCE SHEET
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
94,493
131,547
Current assets
Debtors
5
187,370
393,530
Cash at bank and in hand
966,226
414,713
1,153,596
808,243
Creditors: amounts falling due within one year
6
(428,233)
(329,227)
Net current assets
725,363
479,016
Total assets less current liabilities
819,856
610,563
Provisions for liabilities
(37,339)
(38,860)
Net assets
782,517
571,703
Capital and reserves
Called up share capital
2,000
2,000
Capital redemption reserve
8,000
8,000
Profit and loss reserves
772,517
561,703
Total equity
782,517
571,703
SMALLWOOD ARCHITECTS LIMITED
BALANCE SHEET (CONTINUED)
As at 31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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 20 November 2025 and are signed on its behalf by:
Mr J R Dinnewell
Director
Company registration number 1880303 (England and Wales)
SMALLWOOD ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
- 3 -
1
Accounting policies
Company information

Smallwood Architects Limited is a private company limited by shares incorporated in England and Wales. The registered office is Connect House, 133-137 Alexandra Road, London, SW19 7JY.

1.1
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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.

1.3
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:

Office furniture and equipment
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.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank and other loans, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.6
Taxation

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

SMALLWOOD ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently recoverable/payable is based on taxable (loss)/profit for the year. Taxable (loss)/profit differs from net (loss)/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.

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.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.8
Retirement benefits

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

1.9
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 lease s asset are consumed.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
12
10
SMALLWOOD ARCHITECTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 March 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
1,165,098
Additions
4,230
At 31 March 2025
1,169,328
Depreciation and impairment
At 1 April 2024
1,033,551
Depreciation charged in the year
41,284
At 31 March 2025
1,074,835
Carrying amount
At 31 March 2025
94,493
At 31 March 2024
131,547
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
143,169
353,548
Other debtors
44,201
39,982
187,370
393,530
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
20,365
26,590
Corporation tax
95,535
21,037
Other taxation and social security
151,045
116,090
Other creditors
161,288
165,510
428,233
329,227
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