Wake Morley Architects Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06302444 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Wake Morley Architects Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

G D Wake

Mrs F M Wake

A P Morley

SECRETARY:

Mrs F M Wake

REGISTERED OFFICE:

1 Dunford Road

Holmfirth

West Yorkshire

HD9 2DP

REGISTERED NUMBER:

06302444 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wake Morley Architects Ltd for the year ended 31 March 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wake Morley Architects Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wake Morley Architects Ltd and state those matters that we have agreed to state to the Board of Directors of Wake Morley Architects Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wake Morley Architects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wake Morley Architects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wake Morley Architects Ltd. You consider that Wake Morley Architects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wake Morley Architects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

25 October 2021

FIXED ASSETS

Tangible assets

4

14,146

8,192

CURRENT ASSETS

Debtors

5

75,172

86,476

Cash at bank and in hand

286,885

146,060

362,057

232,536

CREDITORS

Amounts falling due within one year

6

138,524

81,657

NET CURRENT ASSETS

223,533

150,879

TOTAL ASSETS LESS CURRENT LIABILITIES

237,679

159,071

PROVISIONS FOR LIABILITIES

2,451

1,267

NET ASSETS

235,228

157,804

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

235,224

157,800

SHAREHOLDERS' FUNDS

235,228

157,804

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 25 October 2021 and were signed on its behalf by:

G D Wake - Director

1.	STATUTORY INFORMATION

Wake Morley 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 represents the value, net of value added tax and discounts, of goods provided and work carried out in respect of services provided to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Government grants

Government grants are recognised when there is reasonable assurance the the grant will be received and any conditions attached will be complied with. Grants are recognised as income over the period necessary to match them with the related costs, for which they are intended to compensate, on a systematic basis.

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.

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 9 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2020

20,651

82,778

103,429

Additions

-

9,567

9,567

Disposals

-

(65,400

)

(65,400

)

At 31 March 2021

20,651

26,945

47,596

DEPRECIATION

At 1 April 2020

20,142

75,095

95,237

Charge for year

226

3,351

3,577

Eliminated on disposal

-

(65,364

)

(65,364

)

At 31 March 2021

20,368

13,082

33,450

NET BOOK VALUE

At 31 March 2021

283

13,863

14,146

At 31 March 2020

509

7,683

8,192

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

72,272

85,229

Other debtors

2,900

1,247

75,172

86,476

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

2,916

1,923

Taxation and social security

82,888

71,770

Other creditors

52,720

7,964

138,524

81,657

7.	LEASING AGREEMENTS

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

2021

2020

£

£

Within one year

10,634

-

Between one and five years

4,704

-

15,338

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

4

Ordinary

£1

-

-

36

Ordinary A

£0.10

4

4

4

Ordinary B

£0.10

-

-

4

4

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of owning 100% of the called up share capital.