DB Architects Ltd - Filleted accounts

DB Architects Ltd - Filleted accounts

DB ARCHITECTS LTD - Company Information

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Registered number
05142700
DB Architects Ltd
Unaudited Filleted Accounts
30 June 2021
DB Architects Ltd
Registered number: 05142700
Balance Sheet
as at 30 June 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 7,623 7,740
Current assets
Debtors 4 143,396 130,335
Cash at bank and in hand 26,365 130,953
169,761 261,288
Creditors: amounts falling due within one year 5 (161,759) (217,714)
Net current assets 8,002 43,574
Net assets 15,625 51,314
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,525 51,214
Shareholders' funds 15,625 51,314
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Bland
Director
Approved by the board on 27 October 2021
DB Architects Ltd
Notes to the Accounts
for the year ended 30 June 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Office equipment 25% reducing balance
Computer equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Office equipment Computer equipment Total
£ £ £
Cost
At 1 July 2020 8,830 41,651 50,481
Additions 2,550 727 3,277
Disposals (939) (9,945) (10,884)
At 30 June 2021 10,441 32,433 42,874
Depreciation
At 1 July 2020 7,582 35,159 42,741
Charge for the year 889 1,652 2,541
On disposals (697) (9,334) (10,031)
At 30 June 2021 7,774 27,477 35,251
Net book value
At 30 June 2021 2,667 4,956 7,623
At 30 June 2020 1,248 6,492 7,740
4 Debtors 2021 2020
£ £
Trade debtors 141,584 130,335
Other debtors 1,812 -
143,396 130,335
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans and overdrafts 100,000 100,000
Taxation and social security costs 56,292 78,517
Other creditors 5,467 39,197
161,759 217,714
6 Other information
DB Architects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 24 The Masters House
College Road
Maidstone
ME15 6YQ
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