ZM Architecture Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC209407 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2019

for

ZM Architecture Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Blair

P Richardson

SECRETARY:

Mrs M L Richardson

REGISTERED OFFICE:

62 Albion Street

Glasgow

G1 1NY

REGISTERED NUMBER:

SC209407 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Chartered Tax Advisers

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,259

6,455

3,259

6,455

CURRENT ASSETS

Debtors

6

201,388

253,348

Cash at bank

140,859

93,773

342,247

347,121

CREDITORS

Amounts falling due within one year

7

122,226

139,148

NET CURRENT ASSETS

220,021

207,973

TOTAL ASSETS LESS CURRENT LIABILITIES

223,280

214,428

CREDITORS

Amounts falling due after more than one year

8

-

10,530

NET ASSETS

223,280

203,898

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Retained earnings

221,780

202,398

SHAREHOLDERS' FUNDS

223,280

203,898

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2020 and were signed on its behalf by:

N Blair - Director

P Richardson - Director

1.	STATUTORY INFORMATION

ZM Architecture Ltd. is a private company, limited by shares , registered in Scotland. 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.

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.

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

-

33% on cost, 15% on reducing balance and 10% 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.

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.

Amounts recoverable on contracts

Amounts recoverable on contracts represents the excess of the value of work carried out to the balance sheet date

(which has been recorded as turnover) over cumulative payments on account. This valuation follows the process

of contract revenue recognition and is directly linked to turnover.

Provision is made for any anticipated losses on unprofitable contracts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2018

and 31 October 2019

50,000

AMORTISATION

At 1 November 2018

and 31 October 2019

50,000

NET BOOK VALUE

At 31 October 2019

-

At 31 October 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

and 31 October 2019

39,254

DEPRECIATION

At 1 November 2018

32,799

Charge for year

3,196

At 31 October 2019

35,995

NET BOOK VALUE

At 31 October 2019

3,259

At 31 October 2018

6,455

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

192,862

245,068

Other debtors

8,526

8,280

201,388

253,348

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans and overdrafts

10,746

9,720

Trade creditors

58,014

53,200

Taxation and social security

38,610

52,395

Other creditors

14,856

23,833

122,226

139,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans

-

10,530

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.19

31.10.18

£

£

Bank loans

10,746

20,250

The bank overdraft and loan are supported by standard securities to the value of £90,000 over the personal assets

of the directors.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2019 and

31 October 2018:

31.10.19

31.10.18

£

£

N Blair

Balance outstanding at start of year

4,191

17,344

Amounts advanced

2,000

6,568

Amounts repaid

(2,100

)

(19,721

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,091

4,191

P Richardson

Balance outstanding at start of year

(6,271

)

7,899

Amounts advanced

2,000

7,604

Amounts repaid

(3,150

)

(21,774

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,421

)

(6,271

)