Hutchison Kivotos Architects Limited - Period Ending 2015-12-31

Registration number: 07091921

Hutchison Kivotos Architects Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Hutchison Kivotos Architects Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Hutchison Kivotos Architects Limited
(Registration number: 07091921)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					53,005			16,106
Current assets
Debtors		3			110,729			93,343
Cash at bank and in hand					89,411			173,873
					200,140			267,216
Creditors: Amounts falling due within one year					(63,872)			(134,782)
Net current assets					136,268			132,434
Total assets less current liabilities					189,273			148,540
Provisions for liabilities					(8,470)			(3,221)
Net assets					180,803			145,319
Capital and reserves
Called up share capital		4			1,000			1,000
Profit and loss account					179,803			144,319
Shareholders' funds					180,803			145,319

For the year ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 6 September 2016 and signed on its behalf by:

Mr G G Hutchison
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Hutchison Kivotos Architects Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable for the provision of architectural and design services to customers, net of value added tax.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Furniture and fittings	Straight line basis over 5 years
Computer and office equipment	Straight line basis over 3 years
Leasehold improvements	Straight line basis over 5 years
Plant and machinery	Straight line basis over 5 years

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Hutchison Kivotos Architects Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		33,515			33,515
Additions		46,541			46,541
Disposals		(2,441)			(2,441)
At 31 December 2015		77,615			77,615
Depreciation
At 1 January 2015		17,409			17,409
Charge for the year		8,838			8,838
Eliminated on disposals		(1,637)			(1,637)
At 31 December 2015		24,610			24,610
Net book value
At 31 December 2015		53,005			53,005
At 31 December 2014		16,106			16,106

3

Debtors

Debtors includes £14,000 (2014 - £nil) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
1,000 Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 3

Hutchison Kivotos Architects Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

5	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr G G Hutchison
	1,827	1,240	1,240	-

6

Control

The company is controlled by the director Mr G Hutchinson, who owns 100% of the issued share capital..

Page 4