NEWGROUND ARCHITECTS LTD 31/03/2020 iXBRL

NEWGROUND ARCHITECTS LTD 31/03/2020 iXBRL

NEWGROUND ARCHITECTS LTD - Company Information

Print Friendly Version

6 31/03/2020 2020-03-31 false false false false false false false false false false true false false true false false false false true false false No description of principal activities is disclosed 2019-04-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 08552373 2019-04-01 2020-03-31 08552373 2020-03-31 08552373 2019-03-31 08552373 2018-04-01 2019-03-31 08552373 2019-03-31 08552373 core:PlantMachinery 2019-04-01 2020-03-31 08552373 core:FurnitureFittingsToolsEquipment 2019-04-01 2020-03-31 08552373 bus:Director1 2019-04-01 2020-03-31 08552373 bus:Director2 2019-04-01 2020-03-31 08552373 core:PlantMachinery 2019-03-31 08552373 core:FurnitureFittingsToolsEquipment 2019-03-31 08552373 core:PlantMachinery 2020-03-31 08552373 core:FurnitureFittingsToolsEquipment 2020-03-31 08552373 core:WithinOneYear 2020-03-31 08552373 core:WithinOneYear 2019-03-31 08552373 core:ShareCapital 2020-03-31 08552373 core:ShareCapital 2019-03-31 08552373 core:RetainedEarningsAccumulatedLosses 2020-03-31 08552373 core:RetainedEarningsAccumulatedLosses 2019-03-31 08552373 core:PlantMachinery 2019-03-31 08552373 core:FurnitureFittingsToolsEquipment 2019-03-31 08552373 bus:SmallEntities 2019-04-01 2020-03-31 08552373 bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 08552373 bus:FullAccounts 2019-04-01 2020-03-31 08552373 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 08552373 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Company registration number: 08552373
NEWGROUND ARCHITECTS LTD
Unaudited filleted financial statements
31 March 2020
NEWGROUND ARCHITECTS LTD
Contents
Directors report
Statement of financial position
Notes to the financial statements
NEWGROUND ARCHITECTS LTD
Directors report
Year ended 31st March 2020
The directors present their report and the unaudited financial statements of the company for the year ended 31st March 2020.
Directors
The directors who served the company during the year were as follows:
Ms Z Adrangi
Mr J Perlman
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 03 November 2020 and signed on behalf of the board by:
Ms Z Adrangi
Director
NEWGROUND ARCHITECTS LTD
Statement of financial position
31st March 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 4 3,208 8,629
_______ _______
3,208 8,629
Current assets
Debtors 5 431,064 557,896
Cash at bank and in hand 188,467 8,526
_______ _______
619,531 566,422
Creditors: amounts falling due
within one year 6 ( 84,561) ( 122,076)
_______ _______
Net current assets 534,970 444,346
_______ _______
Total assets less current liabilities 538,178 452,975
Provisions for liabilities ( 609) ( 1,639)
_______ _______
Net assets 537,569 451,336
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 537,469 451,236
_______ _______
Shareholders funds 537,569 451,336
_______ _______
For the year ending 31 March 2020 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 November 2020 , and are signed on behalf of the board by:
Ms Z Adrangi Mr J Perlman
Director Director
Company registration number: 08552373
NEWGROUND ARCHITECTS LTD
Notes to the financial statements
Year ended 31st March 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 48-50 Weston Street, London, SE1 3QJ.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2019: 6 ).
4. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1st April 2019 23,213 39,330 62,543
Additions - 249 249
_______ _______ _______
At 31st March 2020 23,213 39,579 62,792
_______ _______ _______
Depreciation
At 1st April 2019 15,704 38,211 53,915
Charge for the year 5,035 634 5,669
_______ _______ _______
At 31st March 2020 20,739 38,845 59,584
_______ _______ _______
Carrying amount
At 31st March 2020 2,474 734 3,208
_______ _______ _______
At 31st March 2019 7,509 1,119 8,628
_______ _______ _______
5. Debtors
2020 2019
£ £
Trade debtors 66,605 76,500
Other debtors 364,459 481,396
_______ _______
431,064 557,896
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Corporation tax 43,072 20,213
Social security and other taxes 17,130 20,152
Other creditors 24,359 81,711
_______ _______
84,561 122,076
_______ _______