Rebecchi Architectural Services Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC457333 (Scotland)

REBECCHI ARCHITECTURAL SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M G Rebecchi

REGISTERED OFFICE:

32 Kempock Street

Gourock

PA19 1NA

REGISTERED NUMBER:

SC457333 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

89,529

11,962

CURRENT ASSETS

Debtors

5

72,340

78,099

Cash at bank

60,459

45,378

132,799

123,477

CREDITORS

Amounts falling due within one year

6

65,719

42,507

NET CURRENT ASSETS

67,080

80,970

TOTAL ASSETS LESS CURRENT LIABILITIES

156,609

92,932

CREDITORS

Amounts falling due after more than one year

7

(89,069

)

(38,333

)

ACCRUALS AND DEFERRED INCOME

(1,802

)

(443

)

NET ASSETS

65,738

54,156

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

65,638

54,056

SHAREHOLDERS' FUNDS

65,738

54,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 May 2023 and were signed by:

M G Rebecchi - Director

1.	STATUTORY INFORMATION

Rebecchi Architectural Services Ltd 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 represents services provided in the year, excluding value added tax.

Tangible fixed assets

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

Leasehold improvements

-

20% on cost

Plant & machinery

-

25% to 33.33% on cost

Financial instruments

Taxation

Taxation for the year comprises current 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 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.

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.

Government grants

Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Leasehold

machinery

improvements

etc

Totals

£

£

£

COST

At 1 September 2021

845

30,129

30,974

Additions

-

91,581

91,581

Disposals

-

(3,254

)

(3,254

)

At 31 August 2022

845

118,456

119,301

DEPRECIATION

At 1 September 2021

169

18,843

19,012

Charge for year

169

13,677

13,846

Eliminated on disposal

-

(3,086

)

(3,086

)

At 31 August 2022

338

29,434

29,772

NET BOOK VALUE

At 31 August 2022

507

89,022

89,529

At 31 August 2021

676

11,286

11,962

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

12,866

18,450

Other debtors

50,667

59,559

Director's loan account

8,807

-

Tax recoverable

-

90

72,340

78,099

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans and overdrafts

10,000

10,000

Finance leases

10,038

-

Trade creditors

3,535

87

Taxation and social security

23,250

19,253

Other creditors

18,896

13,167

65,719

42,507

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.22

31.8.21

£

£

Bank loans

28,333

38,333

Finance leases

60,736

-

89,069

38,333

8.	OTHER FINANCIAL COMMITMENTS

At 31 August 2022 the company was committed to making total payments under non-cancellable operating leases of £46,692 (2021, £61,151).

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES