Nicholas Morley Architects Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04895152 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2022

for

Nicholas Morley Architects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N J Morley

Mrs C Morley

SECRETARY:

Mrs C Morley

REGISTERED OFFICE:

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

REGISTERED NUMBER:

04895152 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,070

1,485

1,070

1,485

CURRENT ASSETS

Stocks

6

2,435

6,900

Debtors

7

10,992

6,060

Cash at bank

74,266

94,231

87,693

107,191

CREDITORS

Amounts falling due within one year

8

31,622

45,219

NET CURRENT ASSETS

56,071

61,972

TOTAL ASSETS LESS CURRENT LIABILITIES

57,141

63,457

CAPITAL AND RESERVES

Called up share capital

9

50

50

Retained earnings

10

57,091

63,407

SHAREHOLDERS' FUNDS

57,141

63,457

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2023 and were signed on its behalf by:

Mr N J Morley - Director

1.	STATUTORY INFORMATION

Nicholas Morley Architects Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance basis

Computer equipment

-

33.33% on reducing balance basis

Work in progress

Work in Progress as stated at the Balance Sheet date has been valued by the Director.

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 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2021

and 30 September 2022

10,000

AMORTISATION

At 1 October 2021

and 30 September 2022

10,000

NET BOOK VALUE

At 30 September 2022

-

At 30 September 2021

-

5.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 October 2021

and 30 September 2022

3,935

11,823

15,758

DEPRECIATION

At 1 October 2021

3,497

10,776

14,273

Charge for year

66

349

415

At 30 September 2022

3,563

11,125

14,688

NET BOOK VALUE

At 30 September 2022

372

698

1,070

At 30 September 2021

438

1,047

1,485

6.

STOCKS

2022

2021

£

£

Work-in-progress

2,435

6,900

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

10,842

5,910

Prepayments

150

150

10,992

6,060

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

7,882

-

Tax

17,261

30,413

Social security and other taxes

1,454

7,708

Arbuthnot Latham Credit Card

1,504

2,313

Directors' loan accounts

1,002

1,577

Accrued expenses

2,519

3,208

31,622

45,219

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

50

Ordinary

£1.00

50

50

10.

RESERVES

Retained

earnings

£

At 1 October 2021

63,407

Profit for the year

73,684

Dividends

(80,000

)

At 30 September 2022

57,091

11.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Mr & Mrs Morley