Method Architects Ltd Small abbreviated accounts

Method Architects Ltd Small abbreviated accounts

METHOD ARCHITECTS LIMITED - Company Information

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FY Private Limited Company Company accounts 2015-03-31 2015-03-31 2015-03-31 false true false false false false false false false false false false true true 2013-07-01 true xbrli:pure xbrli:shares iso4217:GBP 07273981 2013-07-01 2014-06-30 07273981 2014-06-30 07273981 2013-06-30 07273981 2012-07-01 2013-06-30 07273981 2013-06-30 07273981 uk-gaap:FixturesFittings 2013-07-01 2014-06-30 07273981 uk-gaap:OfficeEquipment 2013-07-01 2014-06-30 07273981 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2013-07-01 2014-06-30 07273981 uk-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 07273981 uk-gaap:AllSubsidiaries 2013-07-01 2014-06-30 07273981 uk-bus:OrdinaryShareClass1 2014-06-30 07273981 uk-bus:OrdinaryShareClass1 2013-06-30 07273981 uk-bus:Director1 2013-07-01 2014-06-30 07273981 uk-lang:English 2013-07-01 2014-06-30 07273981 uk-curr:PoundSterling 2013-07-01 2014-06-30
COMPANY REGISTRATION NUMBER 07273981
METHOD ARCHITECTS LTD
ABBREVIATED ACCOUNTS
30 June 2014
DEREK ROTHERA & COMPANY
Chartered Accountants
Units 15 & 16
7 Wenlock Road
London
N1 7SL
METHOD ARCHITECTS LTD
ABBREVIATED BALANCE SHEET
30 June 2014
2014
2013
Note
£
£
£
FIXED ASSETS
2
Tangible assets
3,734
8,569
-------
-------
3,734
8,569
-------
-------
CURRENT ASSETS
Debtors
18,444
31,774
Cash at bank and in hand
20,030
20,526
--------
--------
38,474
52,300
CREDITORS: Amounts falling due within one year
40,755
45,875
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 2,281)
6,425
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,453
14,994
-------
--------
CAPITAL AND RESERVES
Called-up equity share capital
3
4
4
Profit and loss account
1,449
14,990
-------
--------
SHAREHOLDERS' FUNDS
1,453
14,994
-------
--------
For the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 31 March 2015 , and are signed on their behalf by:
D P May
Director
Company Registration Number: 07273981
METHOD ARCHITECTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 JUNE 2014
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:
Fixtures & fittings - 25% straight line
Equipment - 33% straight line
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2. FIXED ASSETS
Tangible Assets
£
COST
At 1 July 2013 and 30 June 2014
18,534
--------
DEPRECIATION
At 1 July 2013
9,965
Charge for year
4,835
--------
At 30 June 2014
14,800
--------
NET BOOK VALUE
At 30 June 2014
3,734
-------
At 30 June 2013
8,569
-------
3. SHARE CAPITAL
Allotted, called up and fully paid:
2014
2013
No
£
No
£
Ordinary shares of £ 1 each
4
4
4
4
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4
4
4
4
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