RDT Architects Limited 31/08/2022 iXBRL

RDT ARCHITECTS LIMITED - Company Information

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Company registration number: 03823112

RDT Architects Limited

Unaudited filleted financial statements

31 August 2022

RDT Architects Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

RDT Architects Limited

Directors and other information


	Directors	Mr R D Tavener
		Mr C H Chauhan
		Mrs M G Tavener


	Secretary	Mrs M G Tavener


	Company number	03823112


	Registered office	Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE

RDT Architects Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of RDT Architects Limited

Year ended 31 August 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RDT Architects Limited for the year ended 31 August 2022 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of RDT Architects Limited, as a body, in accordance with the terms of our engagement letter dated 9 December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of RDT Architects Limited and state those matters that we have agreed to state to the board of directors of RDT Architects Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RDT Architects Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that RDT Architects Limited 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 RDT Architects Limited. You consider that RDT Architects Limited 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 RDT Architects Limited. 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.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

Hertfordshire

AL5 4EE

22 December 2022

RDT Architects Limited

Statement of financial position

31 August 2022

		2022		2021
	Note	£	£	£	£

Fixed assets
Tangible assets	5	4,580		8,444
		_______		_______
			4,580		8,444

Current assets
Debtors	6	178,649		148,216
Cash at bank and in hand		23,835		13,155
		_______		_______
		202,484		161,371
Creditors: amounts falling due
within one year	7	( 173,514)		( 130,636)
		_______		_______
Net current assets			28,970		30,735
			_______		_______
Total assets less current liabilities			33,550		39,179

Creditors: amounts falling due
after more than one year	8		( 28,061)		( 37,406)

Provisions for liabilities			( 1,145)		( 1,605)

			_______		_______
Net assets			4,344		168
			_______		_______

Capital and reserves
Called up share capital			70		70
Capital redemption reserve			30		30
Profit and loss account			4,244		68
			_______		_______
Shareholders funds			4,344		168
			_______		_______

For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

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.

These financial statements were approved by the board of directors and authorised for issue on 22 December 2022 , and are signed on behalf of the board by:

Mr R D Tavener Mr C H Chauhan

Director Director

Company registration number: 03823112

RDT Architects Limited

Notes to the financial statements

Year ended 31 August 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the bank and directors.

Turnover

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 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 are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Fittings fixtures and equipment	-	Straight line over four years
Computer equipment	-	Straight line over four years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

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 10 (2021: 12 ).

5. Tangible assets

	Fixtures, fittings and equipment	Computer equipment	Total
	£	£	£
Cost
At 1 September 2021 and 31 August 2022	6,211	45,259	51,470
	_______	_______	_______
Depreciation
At 1 September 2021	5,882	37,144	43,026
Charge for the year	174	3,690	3,864
	_______	_______	_______
At 31 August 2022	6,056	40,834	46,890
	_______	_______	_______
Carrying amount
At 31 August 2022	155	4,425	4,580
	_______	_______	_______
At 31 August 2021	329	8,115	8,444
	_______	_______	_______

6. Debtors

	2022	2021
	£	£
Trade debtors	155,586	46,833
Other debtors	23,063	101,383
	_______	_______
	178,649	148,216
	_______	_______

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	30,728	20,155
Trade creditors	17,159	23,119
Corporation tax	31,023	14,191
Social security and other taxes	59,303	50,364
Other creditors	35,301	22,807
	_______	_______
	173,514	130,636
	_______	_______

8. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	28,061	37,406
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2022
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr R D Tavener	19,976	( 31,504)	-	( 11,528)
	Mr C H Chauhan	35,864	( 35,900)	-	( 36)
	Mrs M G Tavener	11,358	( 11,358)	-	-
		_______	_______	_______	_______
		67,198	( 78,762)	-	( 11,564)
		_______	_______	_______	_______

2021
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr R D Tavener	6,591	13,385	-	19,976
	Mr C H Chauhan	4,504	31,360	-	35,864
	Mrs M G Tavener	( 78)	11,358	78	11,358
		_______	_______	_______	_______
		11,017	56,103	78	67,198
		_______	_______	_______	_______

10. Related party transactions

During the year, the company has been charged rent and service charges totalling £35,700 plus VAT (2021 - £35,700 plus VAT) from RDT Design Ltd, a company owned by the directors of RDT Architects Ltd. At 31 August 2022, there was a balance due to RDT Design Ltd of £10,293 (2021 - £10,293).RDT Architects Ltd have also provided a loan to RDT Design Ltd and at 31 August 2022 there was a balance due from RDT Design Ltd of £10,198 (2021 - £10,198).