Architectural & Planning Limited Filleted accounts for Companies House (small and micro)

ARCHITECTURAL & PLANNING LTD - Company Information

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COMPANY REGISTRATION NUMBER: 07235220

Architectural & Planning Limited

Filleted Financial Statements

For the year ending

31 December 2020

Architectural & Planning Limited

Statement of Financial Position

31 December 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	5	135	832

Current assets

Stocks		35,730	21,902
Debtors	6	134,941	99,175
Cash at bank and in hand		14,957	2,940
		---------	---------
		185,628	124,017

Creditors: amounts falling due within one year	7	181,726	151,514
		---------	---------
Net current assets/(liabilities)		3,902	( 27,497)
		-------	--------
Total assets less current liabilities		4,037	( 26,665)

Provisions	132	158
	-------	--------
Net assets/(liabilities)	3,905	( 26,823)
	-------	--------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	2,905	( 27,823)
	-------	--------
Shareholder funds/(deficit)	3,905	( 26,823)
	-------	--------

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 income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 30 September 2021 , and are signed on behalf of the board by:

K U S Sehmi

Director

Company registration number: 07235220

Architectural & Planning Limited

Notes to the Financial Statements

Year ended 31 December 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 Burlington House, 369 Wellingborough Road, Northampton, NN1 4EU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis

Going concern

During 2020 the worldwide spread of Coronavirus has occurred and from March 2020 has affected the UK. This has, and continues to, affect the way the company operates and the markets it operates in. The company is making appropriate adjustments in terms of how it operates and to protect its employees. The UK Government is providing a package of financial support to protect companies and these are being accessed as is necessary. The directors, having considered the above, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The significant judgements, estimates and assumptions that affect the accounting records are as disclosed in the accounting policies.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 material 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 subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Motor vehicles	-	25% straight line
Equipment	-	30% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2019: 4 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2020	14,162	6,188	20,350
Disposals	–	( 3,867)	( 3,867)
	--------	-------	--------
At 31 December 2020	14,162	2,321	16,483
	--------	-------	--------
Depreciation
At 1 January 2020	14,162	5,356	19,518
Charge for the year	–	697	697
Disposals	–	( 3,867)	( 3,867)
	--------	-------	--------
At 31 December 2020	14,162	2,186	16,348
	--------	-------	--------
Carrying amount
At 31 December 2020	–	135	135
	--------	-------	--------
At 31 December 2019	–	832	832
	--------	-------	--------

6. Debtors

	2020	2019
	£	£
Trade debtors	28,389	47,789
Amounts owed by group undertakings	97,967	44,270
Other debtors	8,585	7,116
	---------	--------
	134,941	99,175
	---------	--------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	4,041	521
Amounts owed to group undertakings	149,719	113,464
Social security and other taxes	25,354	31,635
Other creditors	2,612	5,894
	---------	---------
	181,726	151,514
	---------	---------

8. Summary audit opinion

The auditor's report for the year dated 30 September 2021 was unqualified.

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

9. Related party transactions

All transactions with other group companies are considered to be at market value.

10. Controlling party

Rochmills (Holdings) Limited prepares group consolidated financial statements. The address of the registered office is Burlington House, 369 Wellingborough Road, Northampton, England, NN1 4EU. The ultimate controlling party is J S Sehmi.