StudioJB Architectural Services Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 7

StudioJB Architectural Services Limited

(Registration number: 05575100)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	224,008	227,884
Current assets
Stocks	5	6,000	6,000
Debtors	6	109,578	90,755
Cash at bank and in hand		12,307	32,553
		127,885	129,308
Creditors: Amounts falling due within one year	7	(62,948)	(76,529)
Net current assets		64,937	52,779
Total assets less current liabilities		288,945	280,663
Creditors: Amounts falling due after more than one year	7	(166,272)	(159,307)
Provisions for liabilities		(11,265)	(11,590)
Net assets		111,408	109,766
Capital and reserves
Called up share capital		100	100
Profit and loss account		111,308	109,666
Shareholders' funds		111,408	109,766

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 16 December 2025 and signed on its behalf by:
 

J C Battle Director

StudioJB Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1A
Apollo Court
Neptune Park
Plymouth
Devon
PL4 0SJ

Principal activity

The principal activity of the company is the provision of architectural services.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

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.

StudioJB Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class	Depreciation method and rate
Long leasehold property	1% straight line
Fitting, fixtures and equipment	15% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

StudioJB Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

StudioJB Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	235,974	20,602	256,576
At 31 March 2025	235,974	20,602	256,576
Depreciation
At 1 April 2024	15,767	12,925	28,692
Charge for the year	2,725	1,151	3,876
At 31 March 2025	18,492	14,076	32,568
Carrying amount
At 31 March 2025	217,482	6,526	224,008
At 31 March 2024	220,207	7,677	227,884

StudioJB Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Stocks

	2025 £	2024 £
Work in progress	6,000	6,000

6

Debtors

	2025 £	2024 £
Trade debtors	27,783	25,974
Other debtors	81,795	64,781
	109,578	90,755

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Loans and borrowings	15,048	28,580
Taxation and social security	43,653	36,932
Accruals and deferred income	3,988	4,190
Other creditors	259	6,827
	62,948	76,529

Creditors due within one year includes secured liabilities of £4,800 (2024: £18,383)

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Loans and borrowings	166,272	159,307

Included within creditors due after more than one year is an amount of £164,323 (2024: £147,112) which is secured.

Included within creditors due after more than one year is an amount of £145,123 (2024: £58,582) which is payable after 5 years.

StudioJB Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Related party transactions

Transactions with directors

During the year the directors entered into the following advances and credits with the company:

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Director	46,482	74,148	(66,328)	54,302
Director	18,300	42,193	(33,000)	27,493
	64,782	116,341	(99,328)	81,795

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Director	77,511	46,857	(77,886)	46,482
Director	22,930	28,670	(33,300)	18,300
	100,441	75,527	(111,186)	64,782

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.