Haigh Architects Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11550967 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

Haigh Architects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D Darroch

J J Errington

N D J Foot

J E Titchner

SECRETARY:

G M Mcdonald

REGISTERED OFFICE:

28 Lowther Street

Kendal

Cumbria

LA9 4DH

REGISTERED NUMBER:

11550967 (England and Wales)

ACCOUNTANTS:

Stables Thompson & Briscoe Ltd

Chartered Accountants & Business Advisors

Lowther House

Lowther Street

Kendal

LA9 4DX

FIXED ASSETS

Intangible assets

4

5,077

6,346

Tangible assets

5

20,221

15,188

25,298

21,534

CURRENT ASSETS

Stocks

1,220

1,331

Debtors

6

69,075

38,025

Cash at bank and in hand

10,048

31

80,343

39,387

CREDITORS

Amounts falling due within one year

7

96,433

67,657

NET CURRENT LIABILITIES

(16,090

)

(28,270

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,208

(6,736

)

PROVISIONS FOR LIABILITIES

3,842

-

NET ASSETS/(LIABILITIES)

5,366

(6,736

)

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

5,246

(6,856

)

5,366

(6,736

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2021 and were signed on its behalf by:

N D J Foot - Director

1.	STATUTORY INFORMATION

Haigh Architects Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

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

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Going concern

The company started trading on 1 December 2018 and made a small loss in the first period which was expected. The directors have invested £18,556 in the company so far and have no plans to withdraw this until profits are being made. The bank overdraft obtained has been repaid since the year end and on this basis the directors consider that the company is a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2019

and 30 September 2020

6,346

AMORTISATION

Charge for year

1,269

At 30 September 2020

1,269

NET BOOK VALUE

At 30 September 2020

5,077

At 30 September 2019

6,346

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

18,993

Additions

11,392

At 30 September 2020

30,385

DEPRECIATION

At 1 October 2019

3,805

Charge for year

6,359

At 30 September 2020

10,164

NET BOOK VALUE

At 30 September 2020

20,221

At 30 September 2019

15,188

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

59,002

33,875

Other debtors

10,073

4,150

69,075

38,025

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

14,614

25,612

Trade creditors

9,216

6,489

Taxation and social security

25,897

16,245

Other creditors

46,706

19,311

96,433

67,657