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

REGISTERED NUMBER: 07366726 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

Greenspace Architects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J K Slack

REGISTERED OFFICE:

The Old Town Hall

High Street

Ellesmere

Shropshire

SY12 0EP

REGISTERED NUMBER:

07366726 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Intangible assets

4

1,800

3,600

Tangible assets

5

3,950

4,522

5,750

8,122

CURRENT ASSETS

Stocks

16,870

21,114

Debtors

6

23,715

26,248

Cash in hand

71

55

40,656

47,417

CREDITORS

Amounts falling due within one year

7

40,449

44,389

NET CURRENT ASSETS

207

3,028

TOTAL ASSETS LESS CURRENT LIABILITIES

5,957

11,150

CREDITORS

Amounts falling due after more than one year

8

(4,855

)

(10,202

)

PROVISIONS FOR LIABILITIES

(751

)

(858

)

NET ASSETS

351

90

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

341

80

SHAREHOLDERS' FUNDS

351

90

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 applicable to companies subject to the small companies regime.

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 director and authorised for issue on 19 May 2020 and were signed by:

J K Slack - Director

1.	STATUTORY INFORMATION

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

The financial statements are presented in sterling which is the functional currency of the company, rounded to the

nearest £1.

Turnover

Turnover represents the value of services provided under contracts, to the extent that there is a right to consideration,

and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance

sheet date, turnover represents the value of the service provided to date, based on a proportion of the total expected

consideration at completion. where payments are received from customers in advance of services provided, the amounts

are recorded as deferred income and included as part of creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at net realisable value. Net realisable value represents estimated selling price less costs to

complete work.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

18,000

AMORTISATION

At 1 October 2018

14,400

Charge for year

1,800

At 30 September 2019

16,200

NET BOOK VALUE

At 30 September 2019

1,800

At 30 September 2018

3,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

17,784

Additions

745

At 30 September 2019

18,529

DEPRECIATION

At 1 October 2018

13,262

Charge for year

1,317

At 30 September 2019

14,579

NET BOOK VALUE

At 30 September 2019

3,950

At 30 September 2018

4,522

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

7,326

12,047

Other debtors

16,389

14,201

23,715

26,248

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans and overdrafts

4,912

8,684

Trade creditors

8,163

1,266

Taxation and social security

16,770

26,080

Other creditors

10,604

8,359

40,449

44,389

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans

4,855

10,202

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

10

Ordinary

£1

10

10

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30th September 2019 a director of the company owed the company £10,452 (30/09/18: £8,028) in respect of an

interest free loan, which is repayable on demand.