Blueprint Architecture & Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC310921 (Scotland)

Blueprint Architecture & Design Limited

Financial Statements For The Year Ended 31 October 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D I MacDonald

Mrs M MacDonald

REGISTERED OFFICE:

19 High Street

Tain

Ross-shire

IV19 1AB

REGISTERED NUMBER:

SC310921 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Intangible assets

4

-

563

Tangible assets

5

47,931

14,616

47,931

15,179

CURRENT ASSETS

Debtors

6

10,206

9,547

Cash at bank

19,325

17,216

29,531

26,763

CREDITORS

Amounts falling due within one year

7

18,538

26,813

NET CURRENT ASSETS/(LIABILITIES)

10,993

(50

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,924

15,129

CREDITORS

Amounts falling due after more than one year

8

(41,316

)

(12,169

)

PROVISIONS FOR LIABILITIES

9

(9,107

)

(2,777

)

NET ASSETS

8,501

183

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

8,401

83

SHAREHOLDERS' FUNDS

8,501

183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2021 and were signed on its behalf by:

D I MacDonald - Director

1.	STATUTORY INFORMATION

Blueprint Architecture & Design Limited is a private company, limited by shares , registered in Scotland. 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 is the amount paid in connection with the acquisition of a business in 2006. After initially being amortised evenly over its initial estimated useful life of twenty years, the remainder (from 1 November 2015) is now being amortised over its remaining 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.

Equipment

-

25% on reducing balance and 15% on reducing balance

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 4 (2019 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2019

and 31 October 2020

5,000

AMORTISATION

At 1 November 2019

4,437

Charge for year

563

At 31 October 2020

5,000

NET BOOK VALUE

At 31 October 2020

-

At 31 October 2019

563

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 November 2019

31,117

Additions

41,497

At 31 October 2020

72,614

DEPRECIATION

At 1 November 2019

16,501

Charge for year

8,182

At 31 October 2020

24,683

NET BOOK VALUE

At 31 October 2020

47,931

At 31 October 2019

14,616

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

8,002

6,996

Other debtors

2,204

2,551

10,206

9,547

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans and overdrafts

2,000

-

Trade creditors

1,951

1,499

Taxation and social security

4,159

18,500

Other creditors

10,428

6,814

18,538

26,813

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.20

31.10.19

£

£

Bank loans

28,000

-

Other creditors

13,316

12,169

41,316

12,169

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,000

-

9.	PROVISIONS FOR LIABILITIES

31.10.20

31.10.19

£

£

Deferred tax

9,107

2,777

Deferred

tax

£

Balance at 1 November 2019

2,777

Charge to Income Statement during year

6,330

Balance at 31 October 2020

9,107

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.20

31.10.19

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 November 2019

83

Profit for the year

32,318

Dividends

(24,000

)

At 31 October 2020

8,401

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2019 - £34,500) were paid to the directors .

Mr D I and Mrs M MacDonald

are directors in the company

A loan has been given from the directors to the company. No interest is charged and no repayment terms have been agreed.

31.10.20

31.10.19

£

£

Amount due to related party at the balance sheet date

3,141

366

13.	ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr Duncan Macdonald and Mrs Michelle Macdonald throughout the current year and previous year.