Paul Searle Architect Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03788227 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Paul Searle Architect Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Searle RIBA

SECRETARY:

Mrs L Searle

REGISTERED OFFICE:

36A Market Street

New Mills

High Peak

Derbyshire

SK22 4AA

REGISTERED NUMBER:

03788227 (England and Wales)

ACCOUNTANTS:

DLA Chartered Accountants

36A Market Street

New Mills

High Peak

SK22 4AA

FIXED ASSETS

Tangible assets

4

497

925

CURRENT ASSETS

Stocks

-

595

Debtors

5

17,824

27,104

Cash at bank

3,548

5,770

21,372

33,469

CREDITORS

Amounts falling due within one year

6

21,732

30,371

NET CURRENT (LIABILITIES)/ASSETS

(360

)

3,098

TOTAL ASSETS LESS CURRENT LIABILITIES

137

4,023

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37

3,923

SHAREHOLDERS' FUNDS

137

4,023

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 3 December 2019 and were signed by:

P Searle RIBA - Director

1.	STATUTORY INFORMATION

Paul Searle Architect Ltd 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 taxes.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2018

8,101

Disposals

(5,566

)

At 31 May 2019

2,535

DEPRECIATION

At 1 June 2018

7,176

Charge for year

231

Eliminated on disposal

(5,369

)

At 31 May 2019

2,038

NET BOOK VALUE

At 31 May 2019

497

At 31 May 2018

925

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

2,040

2,250

Other debtors

2,112

2,112

Directors' current accounts

12,637

21,754

Prepayments

1,035

988

17,824

27,104

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Tax

11,570

16,385

Social security and other taxes

201

181

VAT

6,315

9,088

Other creditors

2,766

3,660

Net wages

880

841

Accrued expenses

-

216

21,732

30,371

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the 31 May 2019, the company was owed £12,638 (2018: £21,755) from the director Mr. P. Searle. This

balance is included within debtors.

8.	RELATED PARTY DISCLOSURES

At the year end the company was owed £2,112 (2018: £2,112) from Searle Building Company Limited. Searle

Building Company Limited is controlled by the director and shareholder Mr. P. Searle.