CHRIS SCOTT ARCHITECTS LTD - Limited company accounts 20.1

REGISTERED NUMBER: 09887751

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

CHRIS SCOTT ARCHITECTS LTD

Page

Company Information

1

Report of the Director

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

C E Scott

REGISTERED OFFICE:

Unit C, Broomsleigh Business Park

Worsley Bridge Road

London

SE26 5BN

REGISTERED NUMBER:

09887751

ACCOUNTANTS:

HARLEYS

259 Croydon Road

Beckenham

Kent

BR3 3PS

The director presents his report with the financial statements of the company for the year ended 30 November 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Architects.

DIVIDENDS

An interim dividend of £16,000 per share was paid on 30 August 2019. The director recommends a final dividend of £10,000 per
share, making a total of £26,000 per share for the year ended 30 November 2019.

The total distribution of dividends for the year ended 30 November 2019 will be £ 26,000 .

DIRECTOR

C E Scott held office during the whole of the period from 1 December 2018 to the date of this report.

ON BEHALF OF THE BOARD:

C E Scott - Director

25 September 2020

TURNOVER

62,351

64,138

Administrative expenses

18,024

19,206

OPERATING PROFIT and

PROFIT BEFORE TAXATION

44,327

44,932

Tax on profit

5

8,500

8,539

PROFIT FOR THE FINANCIAL YEAR

35,827

36,393

Retained earnings at beginning of year

36,389

23,996

Dividends

6

(26,000

)

(24,000

)

RETAINED EARNINGS AT END OF YEAR

46,216

36,389

FIXED ASSETS

Tangible assets

7

360

540

CURRENT ASSETS

Cash at bank

56,136

46,163

CREDITORS

Amounts falling due within one year

8

10,279

10,313

NET CURRENT ASSETS

45,857

35,850

TOTAL ASSETS LESS CURRENT
LIABILITIES

46,217

36,390

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

46,216

36,389

SHAREHOLDERS' FUNDS

46,217

36,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 September 2020 and were signed by:

C E Scott - Director

1.	STATUTORY INFORMATION

CHRIS SCOTT ARCHITECTS LTD is a private company, limited by shares , registered in Not specified/Other. 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

1

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.11.19

30.11.18

£

Depreciation - owned assets

180

260

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

30.11.19

30.11.18

£

Current tax:

UK corporation tax

8,500

8,539

Tax on profit

8,500

8,539

6.

DIVIDENDS

30.11.19

30.11.18

£

Ordinary share of £1

Final

10,000

Interim

16,000

14,000

26,000

24,000

7.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 December 2018

and 30 November 2019

1,445

DEPRECIATION

At 1 December 2018

905

Charge for year

180

At 30 November 2019

1,085

NET BOOK VALUE

At 30 November 2019

360

At 30 November 2018

540

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

Trade creditors

1,274

1,276

Tax

8,500

8,586

Directors' current accounts

505

451

10,279

10,313

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.19

30.11.18

value:

£

1

Ordinary

£1

1

10.

RESERVES

Retained

earnings

£

At 1 December 2018

36,389

Profit for the year

35,827

Dividends

(26,000

)

At 30 November 2019

46,216