Company Registration No. 10002059 (England and Wales)
Rees+Lee Architects Limited
Unaudited accounts
for the year ended 31 March 2023
Rees+Lee Architects Limited
Unaudited accounts
Contents
Rees+Lee Architects Limited
Company Information
for the year ended 31 March 2023
Company Number
10002059 (England and Wales)
Registered Office
Studio 28, Monohaus
143 Mare Street
Hackney
London
E8 3FW
Accountants
OD Accountants Ltd
7a Ezra Street
London
E2 7RH
Rees+Lee Architects Limited
Statement of financial position
as at 31 March 2023
Tangible assets
12,993
12,385
Inventories
80,250
155,394
Cash at bank and in hand
25,640
15,545
Creditors: amounts falling due within one year
(315,418)
(209,972)
Net current (liabilities)/assets
(99,354)
71,451
Total assets less current liabilities
(86,361)
83,836
Creditors: amounts falling due after more than one year
(59,977)
(83,397)
Net (liabilities)/assets
(146,338)
439
Called up share capital
100
100
Profit and loss account
(146,438)
339
Shareholders' funds
(146,338)
439
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
Daniel Rees
Director
Company Registration No. 10002059
Rees+Lee Architects Limited
Notes to the Accounts
for the year ended 31 March 2023
Rees+Lee Architects Limited is a private company, limited by shares, registered in England and Wales, registration number 10002059. The registered office is Studio 28, Monohaus, 143 Mare Street , Hackney , London , E8 3FW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rees+Lee Architects Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
26,749
3,351
30,100
Disposals
(2,019)
(207)
(2,226)
At 31 March 2023
32,246
3,144
35,390
At 1 April 2022
16,689
1,026
17,715
Charge for the year
4,901
315
5,216
On disposals
(527)
(7)
(534)
At 31 March 2023
21,063
1,334
22,397
At 31 March 2023
11,183
1,810
12,993
At 31 March 2022
10,060
2,325
12,385
Amounts falling due within one year
Trade debtors
18,330
15,530
Amounts due from group undertakings etc.
-
7,171
Other debtors
91,844
87,783
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
43,954
50,589
Trade creditors
35,913
6,933
Taxes and social security
49,376
57,446
Other creditors
21,970
15,814
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Rees+Lee Architects Limited
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
10
Average number of employees
During the year the average number of employees was 7 (2022: 5).
