Moxley Architects Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 02247305 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

Moxley Architects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

M J Moxley

P M Straupmanis

SECRETARY:

M J Moxley

REGISTERED OFFICE:

47 Clapham High Street

Clapham

London

SW4 7TL

REGISTERED NUMBER:

02247305 (England and Wales)

ACCOUNTANTS:

Deeks Evans

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

FIXED ASSETS

Tangible assets

4

37,092

43,284

CURRENT ASSETS

Stocks

-

503,798

Debtors

5

245,600

336,947

Cash at bank and in hand

1,589,985

479,750

1,835,585

1,320,495

CREDITORS

Amounts falling due within one year

6

426,657

401,667

NET CURRENT ASSETS

1,408,928

918,828

TOTAL ASSETS LESS CURRENT LIABILITIES

1,446,020

962,112

CREDITORS

Amounts falling due after more than one year

7

(31,573

)

(42,110

)

PROVISIONS FOR LIABILITIES

(1,180

)

-

NET ASSETS

1,413,267

920,002

CAPITAL & RESERVES

Called up share capital

8

200

200

Retained earnings

1,413,067

919,802

SHAREHOLDERS' FUNDS

1,413,267

920,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2023 and were signed on its behalf by:

M J Moxley - Director

1.	STATUTORY INFORMATION

Moxley 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 comprises the invoiced amounts of services excluding VAT, adjusted for amounts invoiced in advance at both the beginning and end of the year, such that revenue is recognised in line with performance under the contract. Profit on long term contracts is taken over the life of the contract when the outcome of the contract, or a separately identifiable portion of it, can be assessed with reasonable certainty. Turnover derived from the sale of developments is recognised on completion.

Tangible fixed assets

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

Leasehold improvements

-

10% on cost

Fixtures & fittings

-

10% on cost

Office equipment

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Work in progress

Work in progress on property developments is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 8 (2021 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Fixtures

Office

improvements

& fittings

equipment

£

£

£

COST

At 1 May 2021

48,042

19,218

71,568

Additions

3,825

-

-

Disposals

-

-

-

At 30 April 2022

51,867

19,218

71,568

DEPRECIATION

At 1 May 2021

16,463

15,577

71,568

Charge for year

5,187

1,922

-

Eliminated on disposal

-

-

-

At 30 April 2022

21,650

17,499

71,568

NET BOOK VALUE

At 30 April 2022

30,217

1,719

-

At 30 April 2021

31,579

3,641

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2021

24,680

92,415

255,923

Additions

-

765

4,590

Disposals

-

(18,159

)

(18,159

)

At 30 April 2022

24,680

75,021

242,354

DEPRECIATION

At 1 May 2021

22,680

86,351

212,639

Charge for year

-

3,302

10,411

Eliminated on disposal

-

(17,788

)

(17,788

)

At 30 April 2022

22,680

71,865

205,262

NET BOOK VALUE

At 30 April 2022

2,000

3,156

37,092

At 30 April 2021

2,000

6,064

43,284

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

124,626

138,861

Other debtors

36,926

18,260

Deferred taxation

-

65,737

Prepayments & accrued income

84,048

114,089

245,600

336,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans & overdrafts

9,724

7,890

Trade creditors

91,285

122,940

Tax

82,211

-

Social security & other taxes

86,817

96,626

Other creditors

1,635

10,735

Directors' current accounts

211

24

Accruals & deferred income

154,774

163,452

426,657

401,667

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

9,979

9,702

Bank loans - 2-5 years

21,594

32,408

31,573

42,110

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

200

Ordinary

£1

200

200

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M J Moxley.

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 Moxley Architects Ltd for the year ended 30 April 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Moxley 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 Moxley Architects Ltd and state those matters that we have agreed to state to the Board of Directors of Moxley 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 Moxley Architects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Moxley 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 Moxley Architects Ltd. You consider that Moxley 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 Moxley 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.

Deeks Evans

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

25 January 2023