Flynn Architecture Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07480684 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Flynn Architecture Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Flynn

REGISTERED OFFICE:

Tower Barn

Archer Street

Bishop Norton

Market Rasen

Lincolnshire

LN8 2BG

REGISTERED NUMBER:

07480684 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,220

1,561

CURRENT ASSETS

Debtors

5

487

168

Cash at bank

19,472

8,431

19,959

8,599

CREDITORS

Amounts falling due within one year

6

8,864

6,715

NET CURRENT ASSETS

11,095

1,884

TOTAL ASSETS LESS CURRENT LIABILITIES

12,315

3,445

PROVISIONS FOR LIABILITIES

232

297

NET ASSETS

12,083

3,148

CAPITAL AND RESERVES

Called up share capital

7

2

1

Retained earnings

12,081

3,147

SHAREHOLDERS' FUNDS

12,083

3,148

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue on 17 June 2020 and were signed by:

M A Flynn - Director

1.	STATUTORY INFORMATION

Flynn Architecture 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 invoiced sales of services.

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 and 25% on cost

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

Plant and

machinery

etc

£

COST

At 1 January 2019

3,234

Additions

135

At 31 December 2019

3,369

DEPRECIATION

At 1 January 2019

1,673

Charge for year

476

At 31 December 2019

2,149

NET BOOK VALUE

At 31 December 2019

1,220

At 31 December 2018

1,561

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

375

-

Other debtors

112

168

487

168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Taxation and social security

6,700

5,265

Other creditors

2,164

1,450

8,864

6,715

7.	CALLED UP SHARE CAPITAL

During the year, 1 A Ordinary Share was issued with a nominal value of £1.

8.	RELATED PARTY DISCLOSURES

During the year the company had the following related party transaction

31.12.19

31.12.18

Sales

£23,318

£17,513

The related party is a company of which Mr. M. Flynn is also a director.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Flynn, the director of the company, along with his wife, Mrs A

Flynn.