Arkitekt Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05283834 (England and Wales)

ARKITEKT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C Agathangelou

Mrs M Agathangelou

SECRETARY:

REGISTERED OFFICE:

Hale House

Unit 5

296A Green Lanes

Palmers Green

London

N13 5TP

REGISTERED NUMBER:

05283834 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TP

FIXED ASSETS

Tangible assets

4

7,126

3,434

CURRENT ASSETS

Debtors

5

146,355

145,436

Cash at bank and in hand

453,181

401,143

599,536

546,579

CREDITORS

Amounts falling due within one year

6

28,694

61,646

NET CURRENT ASSETS

570,842

484,933

TOTAL ASSETS LESS CURRENT LIABILITIES

577,968

488,367

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

577,868

488,267

SHAREHOLDERS' FUNDS

577,968

488,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 10 March 2023 and were signed on its behalf by:

Mr C Agathangelou - Director

1.	STATUTORY INFORMATION

Arkitekt 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 represents gross invoiced services.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2021

5,200

10,145

15,345

Additions

4,583

1,483

6,066

At 30 November 2022

9,783

11,628

21,411

DEPRECIATION

At 1 December 2021

3,316

8,595

11,911

Charge for year

1,616

758

2,374

At 30 November 2022

4,932

9,353

14,285

NET BOOK VALUE

At 30 November 2022

4,851

2,275

7,126

At 30 November 2021

1,884

1,550

3,434

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

145,436

145,436

VAT

919

-

146,355

145,436

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Corporation tax payable

26,720

32,631

VAT

-

26,729

Directors' current accounts

174

586

Accrued expenses

1,800

1,700

28,694

61,646

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 December 2021

488,267

Profit for the year

117,601

Dividends

(28,000

)

At 30 November 2022

577,868

9.	RELATED PARTY DISCLOSURES

CONTROLLING PARTY

Mr C Agathangelou, the sole director of the company, controls the company by holding 51% of the ordinary share capital issued.