Garnett Netherwood Architects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03069186 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

GARNETT NETHERWOOD ARCHITECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

J L Williams

N D Barnes

SECRETARY:

N D Barnes

REGISTERED OFFICE:

Design Innovation Centre

46 The Calls

Leeds

West Yorkshire

LS2 7EY

REGISTERED NUMBER:

03069186 (England and Wales)

ACCOUNTANTS:

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

FIXED ASSETS

Tangible assets

4

19,402

26,457

CURRENT ASSETS

Stocks

21,559

20,339

Debtors

5

65,638

78,990

Cash at bank

20,988

23,620

108,185

122,949

CREDITORS

Amounts falling due within one year

6

10,181

45,620

NET CURRENT ASSETS

98,004

77,329

TOTAL ASSETS LESS CURRENT LIABILITIES

117,406

103,786

PROVISIONS FOR LIABILITIES

2,823

4,139

NET ASSETS

114,583

99,647

CAPITAL AND RESERVES

Called up share capital

32

32

Share premium

32

32

Other reserves

100

100

Retained earnings

114,419

99,483

SHAREHOLDERS' FUNDS

114,583

99,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 January 2020 and were signed on its behalf by:

N D Barnes - Director

1.	STATUTORY INFORMATION

Garnett Netherwood 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 represents net invoiced sales of architect fees and related services , excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Office equipment

-

15% on cost

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 May 2018

3,698

91,935

95,633

Additions

1,096

-

1,096

Disposals

-

(10,659

)

(10,659

)

At 30 April 2019

4,794

81,276

86,070

DEPRECIATION

At 1 May 2018

745

68,431

69,176

Charge for year

554

5,886

6,440

Eliminated on disposal

-

(8,948

)

(8,948

)

At 30 April 2019

1,299

65,369

66,668

NET BOOK VALUE

At 30 April 2019

3,495

15,907

19,402

At 30 April 2018

2,953

23,504

26,457

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

62,389

73,316

Other debtors

3,249

5,674

65,638

78,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Taxation and social security

4,552

39,536

Other creditors

5,629

6,084

10,181

45,620

7.	OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount

to £66,899 (2018 - £1,688).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2019 and 30 April 2018:

30.4.19

30.4.18

£

£

N D Barnes

Balance outstanding at start of year

375

194

Amounts advanced

190

231

Amounts repaid

(375

)

(50

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

190

375

J L Williams

Balance outstanding at start of year

413

184

Amounts advanced

205

229

Amounts repaid

(413

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

205

413

The following reproduces the text of the report prepared for the directors 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 Directors

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 Garnett Netherwood Architects Limited for the year ended 30 April 2019 which comprise the Statement of

Income and Retained Earnings, Balance Sheet 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 Board of Directors of Garnett Netherwood Architects Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Garnett Netherwood Architects Limited and state those matters that we have agreed to state to the Board of Directors of Garnett Netherwood Architects Limited, as a body, 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 Garnett Netherwood Architects Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Garnett Netherwood 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 Garnett Netherwood Architects Limited. You consider that Garnett Netherwood 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 Garnett Netherwood 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.

Beaumonts

8 Navigation Court

Calder Park

Wakefield

West Yorkshire

WF2 7BJ

17 January 2020