Michael Jones Architects Limited - Accounts to registrar (filleted) - small 17.3

Unaudited Financial Statements

for the Year Ended 31 July 2017

for

Michael Jones Architects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Jones

A Breathwick

I Pedley

R Woods

REGISTERED OFFICE:

129 Kew Road

Richmond

Surrey

TW9 2PN

REGISTERED NUMBER:

08621629 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Intangible assets

4

50,000

91,429

Tangible assets

5

6,264

2,233

56,264

93,662

CURRENT ASSETS

Debtors

6

208,772

189,077

Cash in hand

221,386

77,436

430,158

266,513

CREDITORS

Amounts falling due within one year

7

178,533

143,895

NET CURRENT ASSETS

251,625

122,618

TOTAL ASSETS LESS CURRENT LIABILITIES

307,889

216,280

CREDITORS

Amounts falling due after more than one year

8

96,162

126,062

NET ASSETS

211,727

90,218

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

210,727

89,218

SHAREHOLDERS' FUNDS

211,727

90,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 November 2017 and were signed on its behalf by:

M Jones - Director

1.	STATUTORY INFORMATION

Michael Jones Architects 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents work carried out in the year, excluding value added tax. Account is also taken of

income that arising as a result of rules laid down by UITF 40.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of seven years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% 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 13 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 July 2017

160,000

AMORTISATION

At 1 August 2016

68,571

Impairments

41,429

At 31 July 2017

110,000

NET BOOK VALUE

At 31 July 2017

50,000

At 31 July 2016

91,429

Intangible fixed assets represent goodwill on amortisation and is amortised over 7 years.

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2016

4,193

Additions

6,641

Disposals

(141

)

At 31 July 2017

10,693

DEPRECIATION

At 1 August 2016

1,960

Charge for year

2,422

Eliminated on disposal

47

At 31 July 2017

4,429

NET BOOK VALUE

At 31 July 2017

6,264

At 31 July 2016

2,233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

154,278

141,773

Prepayments

2,618

7,008

Accrued income

51,876

40,296

208,772

189,077

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,605

7,723

Tax

42,037

22,178

VAT

37,173

49,563

Other creditors

48,000

18,000

Directors' current accounts

23,250

23,250

Accrued expenses

26,468

23,181

178,533

143,895

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Directors' loan accounts

96,162

126,062

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M Jones.