REGISTERED NUMBER: SC060029 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Covell Matthews Architects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Black

R A Smith

SECRETARY:

R A Smith

REGISTERED OFFICE:

15 Rutland Square

Edinburgh

EH1 2BE

REGISTERED NUMBER:

SC060029 (Scotland)

ACCOUNTANTS:

Findlay Brown Ltd

Chartered Certified Accountants

53 Huntly Street

Aberdeen

AB10 1TH

FIXED ASSETS

Tangible assets

4

725

22,260

Investments

5

4,800

4,800

5,525

27,060

CURRENT ASSETS

Debtors

6

213,903

258,670

Cash at bank and in hand

61,077

162

274,980

258,832

CREDITORS

Amounts falling due within one year

7

70,384

105,574

NET CURRENT ASSETS

204,596

153,258

TOTAL ASSETS LESS CURRENT LIABILITIES

210,121

180,318

CREDITORS

Amounts falling due after more than one year

8

5,833

15,833

NET ASSETS

204,288

164,485

CAPITAL AND RESERVES

Called up share capital

2,250

2,250

Capital redemption reserve

7,925

7,925

Retained earnings

194,113

154,310

SHAREHOLDERS' FUNDS

204,288

164,485

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 22 December 2025 and were signed on its behalf by:

R A Smith - Director

H Black - Director

1.	STATUTORY INFORMATION

Covell Matthews 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings

-

2% on reducing balance

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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.

Work in progress/amounts due on contracts

The company's business involves undertaking considerable work for customers which will only be recoverable in the event that designs are accepted and projects proceed. In accordance with established accounting practice, no account is taken of the value of such work in progress until it is established that it will prove recoverable. Work in progress is based on the directors' estimate of the year end realisable value of work which is invoiced after the year end. In the opinion of the directors, these estimates provide a consistent basis of valuation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

Buildings

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2024

50,080

74,534

48,343

172,957

Disposals

(50,080

)

-

-

(50,080

)

At 31 March 2025

-

74,534

48,343

122,877

DEPRECIATION

At 1 April 2024

28,670

73,684

48,343

150,697

Charge for year

216

125

-

341

Eliminated on disposal

(28,886

)

-

-

(28,886

)

At 31 March 2025

-

73,809

48,343

122,152

NET BOOK VALUE

At 31 March 2025

-

725

-

725

At 31 March 2024

21,410

850

-

22,260

5.	FIXED ASSET INVESTMENTS

The investment represents the cost of 4 "A" Murrayfield Debentures issued by Scottish Rugby Union plc.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

146,882

187,832

Amounts recoverable on contract

66,377

67,530

Other debtors

644

3,308

213,903

258,670

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

52,785

Trade creditors

7,803

1,966

Taxation and social security

52,581

50,823

70,384

105,574

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,833

15,833