Claudio Silvestrin Architects Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03557498 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

CLAUDIO SILVESTRIN ARCHITECTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

C P Silvestrin

SECRETARY:

G Salmaso

REGISTERED OFFICE:

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

03557498 (England and Wales)

ACCOUNTANTS:

Barber & Company

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Property, plant and equipment

4

14,597

14,949

CURRENT ASSETS

Inventories

53,203

-

Debtors

5

341,155

136,695

Cash at bank and in hand

175,749

211,005

570,107

347,700

CREDITORS

Amounts falling due within one year

6

124,092

122,489

NET CURRENT ASSETS

446,015

225,211

TOTAL ASSETS LESS CURRENT LIABILITIES

460,612

240,160

CAPITAL AND RESERVES

Called up share capital

7

195

195

Share premium

299,975

299,975

Retained earnings

160,442

(60,010

)

SHAREHOLDERS' FUNDS

460,612

240,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 20 December 2018 and were signed by:

C P Silvestrin - Director

1.	STATUTORY INFORMATION

Claudio Silvestrin 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 amounts receivable in respect of fees receivable, excluding value added tax.

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

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the

operating result.

Hire purchase and 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.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2017

38,187

19,582

57,769

Additions

484

1,739

2,223

At 30 April 2018

38,671

21,321

59,992

DEPRECIATION

At 1 May 2017

29,555

13,265

42,820

Charge for year

1,367

1,208

2,575

At 30 April 2018

30,922

14,473

45,395

NET BOOK VALUE

At 30 April 2018

7,749

6,848

14,597

At 30 April 2017

8,632

6,317

14,949

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

244,002

10,200

Amounts owed by associates

88,696

67,301

Other debtors

3,956

20,553

Deferred tax asset

-

34,173

Prepayments and accrued income

4,501

4,468

341,155

136,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade creditors

56,845

103,050

Corporation tax

28,178

-

Social security and other taxes

-

1,398

Other creditors

8,043

-

Director's current account

3,972

4,185

Accruals and deferred income

27,054

13,856

124,092

122,489

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.18

30.4.17

value:

£

£

195

Ordinary

£1

195

195

8.	RELATED PARTY DISCLOSURES

During the year under review, the company was under the control of Mr C P Silvestrin, its managing director and

controlling shareholder.

Mr C P Silvestrin is also the managing director and controlling shareholder of the company's associated

company, Claudio Silvestrin Limited.

During the year under review £37,651 (2017: £57,301) of expenses were recharged as management charges to

Claudio Silvestrin Limited.