Adam Richards Architects Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05754473 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

ADAM RICHARDS ARCHITECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A H Richards

REGISTERED OFFICE:

1 Cremer Business Centre

37 Cremer Street

LONDON

E2 8HD

REGISTERED NUMBER:

05754473 (England and Wales)

ACCOUNTANTS:

Saunders Wood & Co.

Chartered Accountants

140A Tachbrook Street

London SW1V 2NE

FIXED ASSETS

Intangible assets

2

29,000

43,500

Tangible assets

3

6,696

3,620

35,696

47,120

CURRENT ASSETS

Work in Progress

3,000

5,785

Debtors

42,828

3,380

Cash at bank

14,502

23,585

60,330

32,750

CREDITORS

Amounts falling due within one year

16,723

10,326

NET CURRENT ASSETS

43,607

22,424

TOTAL ASSETS LESS CURRENT LIABILITIES

79,303

69,544

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

79,203

69,444

SHAREHOLDERS' FUNDS

79,303

69,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 September 2014 and were signed by:

A H Richards - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

145,000

AMORTISATION

At 1 April 2013

101,500

Amortisation for year

14,500

At 31 March 2014

116,000

NET BOOK VALUE

At 31 March 2014

29,000

At 31 March 2013

43,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

19,087

Additions

6,372

At 31 March 2014

25,459

DEPRECIATION

At 1 April 2013

15,467

Charge for year

3,296

At 31 March 2014

18,763

NET BOOK VALUE

At 31 March 2014

6,696

At 31 March 2013

3,620

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

1

100

100