Proteus Architects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03321957 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

PROTEUS ARCHITECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N G Stobbs

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

BUSINESS ADDRESS:

8 Cliveden Road

Wimbledon

London

SW19 3RB

REGISTERED NUMBER:

03321957 (England and Wales)

BANKERS:

Lloyds TSB Bank plc

32 Oxford Street

London

W1A 2LD

FIXED ASSETS

Tangible assets

4

-

1,371

CURRENT ASSETS

Cash at bank and in hand

-

375

CREDITORS

Amounts falling due within one year

5

(6,744

)

(8,910

)

NET CURRENT LIABILITIES

(6,744

)

(8,535

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,744

)

(7,164

)

PROVISIONS FOR LIABILITIES

6

-

(48

)

NET LIABILITIES

(6,744

)

(7,212

)

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

(6,754

)

(7,222

)

SHAREHOLDERS' FUNDS

(6,744

)

(7,212

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Income Statement has not been delivered.

The financial statements were approved by the director on 14 September 2018 and were signed by:

N G Stobbs - Director

1.	STATUTORY INFORMATION

Proteus Architects Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number, registered office address and business address can be found on the Company

Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and

these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates

are recognised in the period in which the estimate is revised if the revision affects only that period, or in the

period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful

economic life of tangible fixed assets, the depreciation and amortisation of these assets, provisions, and

recoverability of debtors.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT. Revenue from the sale of

services is recognised on completion of service.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating

as intended by management.

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

life.

Furniture

-

25% reducing cost

Computer equipment

-

33% on cost

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is

any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable

amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not

possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the

cash-generating unit to which the asset belongs.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the entity after deducting all of its financial liabilities.

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.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

Furniture

equipment

Totals

£

£

£

COST

At 1 April 2017

4,342

13,166

17,508

Disposals

(4,342

)

(13,166

)

(17,508

)

At 31 March 2018

-

-

-

DEPRECIATION

At 1 April 2017

4,159

11,978

16,137

Charge for year

46

621

667

Eliminated on disposal

(4,205

)

(12,599

)

(16,804

)

At 31 March 2018

-

-

-

NET BOOK VALUE

At 31 March 2018

-

-

-

At 31 March 2017

183

1,188

1,371

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

110

4,258

Trade creditors

-

167

Taxation and social security

634

1,682

Other creditors

6,000

2,803

6,744

8,910

6.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

-

48

Deferred

tax

£

Balance at 1 April 2017

48

Accelerated capital allowances

(48

)

Balance at 31 March 2018

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

5

Ordinary "A"

£1

5

5

5

Ordinary "B"

£1

5

5

10

10