Abbreviated Company Accounts - ARPL ARCHITECTS LTD.

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for architectural and quantity surveying services net of vat and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold land & buildings Straight line over 15 years
Plant and machinery 20% reducing balance
Computer equipment 33% reducing balance
Fixtures, fittings and equipment 20% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Investments
Investments held as fixed assets are stated at cost less provision for permanent diminution in value. Those held as current assets are stated at the lower of cost and net realisable value. Dividends are brought to account in the profit and loss account when received.

Stock and work in progress
Work in progress is valued at lower of cost and net realisable value.
Net realisable value is based on estimated selling price less further costs to completion and disposal.

Pensions
The company operates a money purchase (defined contribution) pension scheme. The pension costs charged in the financial statements represent the contributions payable by the company during the year in accordance with FRS 17. These contributions are invested separately from the company's assets.

Deferred taxation
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.

Foreign currency translation
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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 the profit and loss account for the year.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3Fixed assets Investments
The company owns 100% shares in the subsidiary company ARPL Lorimer & Associates (CDM) Ltd, a company incorporated in Scotland. The subsidiary company is dormant and has capital and reserves of £2.
The group is exempt from preparing group accounts on the basis that it qualifies as a small group. These financial statements refer to the parent company only.