Binom Architects Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07380096 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2019

for

Binom Architects Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Ms. M. Granda Nistal

G Coello De Portugal

SECRETARY:

Magna Secretaries Ltd

REGISTERED OFFICE:

3 London Wall Buildings

London

EC2M 5PD

BUSINESS ADDRESS:

Unit 11

The Dove Centre

109 Bartholomew Road

London

NW5 2BJ

REGISTERED NUMBER:

07380096 (England and Wales)

ACCOUNTANTS:

Born & Co.

Chartered Accountants

3 London Wall Buildings

London

EC2M 5PD

The following reproduces the text of the report prepared for the directors in respect of the Company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file

a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Binom Architects Ltd for the year ended 30th September 2019 which comprise the Income Statement,

Statement of Financial Position and the related notes from the Company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Binom Architects Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Binom Architects Ltd and state those matters that we have agreed to state to the Board of Directors of Binom Architects Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Binom Architects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Binom Architects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Binom Architects Ltd. You consider that Binom Architects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Binom Architects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Born & Co.

Chartered Accountants

3 London Wall Buildings

London

EC2M 5PD

30th June 2020

FIXED ASSETS

Intangible assets

5

2,317

3,062

Tangible assets

6

2,062

3,081

4,379

6,143

CURRENT ASSETS

Debtors

7

25,213

-

Cash at bank

96,733

103,182

121,946

103,182

CREDITORS

Amounts falling due within one year

8

91,444

102,767

NET CURRENT ASSETS

30,502

415

TOTAL ASSETS LESS CURRENT LIABILITIES

34,881

6,558

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

34,781

6,458

SHAREHOLDERS' FUNDS

34,881

6,558

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th June 2020 and were signed on its behalf by:

G Coello De Portugal - Director

Ms. M. Granda Nistal - Director

1.	STATUTORY INFORMATION

Binom Architects Ltd 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

The preparation of the financial statements may require the directors to make judgements, estimates and

assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts

reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes

could differ from those estimates.

No judgements, estimates or assumptions that are material to the financial statements have been made during the

current or prior year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

33% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st October 2018

and 30th September 2019

7,550

AMORTISATION

At 1st October 2018

4,488

Charge for year

745

At 30th September 2019

5,233

NET BOOK VALUE

At 30th September 2019

2,317

At 30th September 2018

3,062

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st October 2018

19,078

Additions

1,120

Disposals

(16,880

)

At 30th September 2019

3,318

DEPRECIATION

At 1st October 2018

15,997

Charge for year

531

Eliminated on disposal

(15,272

)

At 30th September 2019

1,256

NET BOOK VALUE

At 30th September 2019

2,062

At 30th September 2018

3,081

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

25,213

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

8,107

5,934

Social security and other taxes

1,434

1,717

VAT

21,619

3,833

Wages control account

2,126

1,340

Pensions payable - NEST

70

-

Directors' current accounts

55,338

87,193

Accountancy

2,750

2,750

91,444

102,767

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2019 and

30th September 2018:

2019

2018

£

£

G Coello De Portugal and Ms. M. Granda Nistal

Balance outstanding at start of year

(87,193

)

(97,677

)

Amounts advanced

154,561

158,898

Amounts repaid

(122,706

)

(148,414

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(55,338

)

(87,193

)