T2 Architects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06257882 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

T2 ARCHITECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

J A Tyrrell

REGISTERED OFFICE:

Avebury House

6 St Peter Street

Winchester

Hampshire

SO23 8BN

REGISTERED NUMBER:

06257882 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

FIXED ASSETS

Intangible assets

4

1,981

5,377

Tangible assets

5

35,761

31,178

37,742

36,555

CURRENT ASSETS

Debtors

6

195,460

309,485

Cash at bank and in hand

226,350

235,146

421,810

544,631

CREDITORS

Amounts falling due within one year

7

65,935

103,504

NET CURRENT ASSETS

355,875

441,127

TOTAL ASSETS LESS CURRENT LIABILITIES

393,617

477,682

PROVISIONS FOR LIABILITIES

4,370

3,737

NET ASSETS

389,247

473,945

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

389,147

473,845

389,247

473,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 December 2019 and were signed by:

J A Tyrrell - Director

1.	STATUTORY INFORMATION

T2 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 tax and is derived from the company's main activity of the

provision of architectural services.

Revenue is recognised when certainty can be established that the economic benefits have passed to the

company upon completion of the service or at agreed stages of completion under the terms of the relevant

contract and the revenue can be reliably measured. A provision is made for any work undertaken prior to

the end of the reporting period where it can be reasonably assessed that the benefit is due to the

company.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2018

and 31 March 2019

10,188

AMORTISATION

At 1 April 2018

4,811

Charge for year

3,396

At 31 March 2019

8,207

NET BOOK VALUE

At 31 March 2019

1,981

At 31 March 2018

5,377

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

82,419

Additions

24,902

Disposals

(26,927

)

At 31 March 2019

80,394

DEPRECIATION

At 1 April 2018

51,241

Charge for year

17,216

Eliminated on disposal

(23,824

)

At 31 March 2019

44,633

NET BOOK VALUE

At 31 March 2019

35,761

At 31 March 2018

31,178

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

92,050

208,605

Amounts owed by group undertakings

2,762

2,762

Other debtors

100,648

98,118

195,460

309,485

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

7,839

511

Taxation and social security

53,596

90,861

Other creditors

4,500

12,132

65,935

103,504

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

J A Tyrrell

Balance outstanding at start of year

48,725

48,088

Amounts advanced

-

637

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,725

48,725

The loan made to J A Tyrrell is interest free and is repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of T2 Architects Limited for the year ended 31 March 2019 which comprise the Income

Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of T2 Architects Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T2 Architects Limited and state those matters that we have agreed to state to the director of T2 Architects Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T2 Architects Limited and its director for our work or for this report.

It is your duty to ensure that T2 Architects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of T2 Architects Limited. You consider that T2 Architects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T2 Architects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

14 December 2019