Peter Hitchen Architects Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08241801 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2021

for

Peter Hitchen Architects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Hitchen

REGISTERED OFFICE:

Marathon House

The Sidings

Whalley

Lancashire

BB7 9SE

REGISTERED NUMBER:

08241801 (England and Wales)

ACCOUNTANTS:

Egan Roberts Limited

Accountants

Suite 46

Manor Court

Salesbury Hall Road

Ribchester

Lancashire

PR3 3XR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,849

7,504

6,849

7,504

CURRENT ASSETS

Debtors

6

27,175

21,432

Cash at bank

18,013

14,857

45,188

36,289

CREDITORS

Amounts falling due within one year

7

50,596

39,269

NET CURRENT LIABILITIES

(5,408

)

(2,980

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,441

4,524

PROVISIONS FOR LIABILITIES

-

1,426

NET ASSETS

1,441

3,098

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,440

3,097

SHAREHOLDERS' FUNDS

1,441

3,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 26 August 2022 and were signed by:

P Hitchen - Director

1.	STATUTORY INFORMATION

Peter Hitchen 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 2013, is being amortised evenly over its estimated useful life of three 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.

Fixtures and fittings

-

33% on cost and 15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2020

and 31 October 2021

10,000

AMORTISATION

At 1 November 2020

and 31 October 2021

10,000

NET BOOK VALUE

At 31 October 2021

-

At 31 October 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2020

4,249

5,000

4,604

13,853

Additions

1,126

-

291

1,417

At 31 October 2021

5,375

5,000

4,895

15,270

DEPRECIATION

At 1 November 2020

1,615

1,125

3,609

6,349

Charge for year

667

750

655

2,072

At 31 October 2021

2,282

1,875

4,264

8,421

NET BOOK VALUE

At 31 October 2021

3,093

3,125

631

6,849

At 31 October 2020

2,634

3,875

995

7,504

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

16,447

15,003

Deferred tax asset

2,710

-

Prepayments

8,018

6,429

27,175

21,432

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

18,690

13,287

Tax

5,328

7,403

Social security and other taxes

1,285

1,258

VAT

17,311

15,248

Other creditors

187

(160

)

Directors' current accounts

7,795

85

Accrued expenses

-

2,148

50,596

39,269

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2021

2020

£

£

Within one year

6,753

-

Between one and five years

7,339

-

14,092

-