P S Architecture Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04967654 (England and Wales)

P S Architecture 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 P Sherwen

Mr M P Sherwen

Mr T E Sherwen

REGISTERED OFFICE:

97 Judd Street

London

WC1H 9JG

REGISTERED NUMBER:

04967654 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

BANKERS:

Barclays Bank

53 The Broadway

London

W5 5JS

FIXED ASSETS

Tangible assets

4

3,770

4,713

CURRENT ASSETS

Debtors

5

10,122

-

Cash at bank

1,031

1,666

11,153

1,666

CREDITORS

Amounts falling due within one year

6

6,074

3,515

NET CURRENT ASSETS/(LIABILITIES)

5,079

(1,849

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,849

2,864

PROVISIONS FOR LIABILITIES

716

895

NET ASSETS

8,133

1,969

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,033

1,869

SHAREHOLDERS' FUNDS

8,133

1,969

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2023 and were signed on its behalf by:

Mr P Sherwen - Director

1.	STATUTORY INFORMATION

P S Architecture 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.

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

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2021

and 30 November 2022

25,692

DEPRECIATION

At 1 December 2021

20,979

Charge for year

943

At 30 November 2022

21,922

NET BOOK VALUE

At 30 November 2022

3,770

At 30 November 2021

4,713

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/22

30/11/21

£

£

Trade debtors

10,122

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/22

30/11/21

£

£

Taxation and social security

2,507

1,910

Other creditors

3,567

1,605

6,074

3,515