| Nathaniel Gee Architects Limited |
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| Balance Sheet |
| As at 31 July 2021 |
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2021 |
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2020 |
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Note |
£ |
£ |
| Fixed assets |
| Tangible assets |
3 |
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26,584 |
|
25,837 |
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| Current assets |
| Debtors |
4 |
61,833 |
|
22,588 |
| Cash at bank and in hand |
149,447 |
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152,058 |
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211,280 |
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174,646 |
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| Creditors - amounts falling due within one year |
5 |
(56,410) |
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(49,914) |
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| Net current assets |
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154,870 |
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124,732 |
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| Total assets less current liabilities |
181,454 |
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150,569 |
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| Creditors - amounts falling due after more than one year |
6 |
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(8,416) |
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(11,027) |
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| Provisions for liabilities |
(2,962) |
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(2,362) |
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| Net assets |
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170,076 |
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137,180 |
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| Capital and reserves |
| Called up share capital |
100 |
|
100 |
| Profit and loss account |
169,976 |
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137,080 |
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| Shareholder's funds |
170,076 |
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137,180 |
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| The director is satisfied that the company is entitled to the exemption under section 477 of the Companies Act 2006 from the requirement to have its accounts audited. |
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| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts. |
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| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Register of Companies. |
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| Approved by the board on 19 April 2022 and signed on its behalf by: |
| Nathaniel Thomas Whitby Gee |
| Director |
| The notes on pages 2 to 5 form an integral part of these accounts |
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| Page 1 |
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| Nathaniel Gee Architects Limited |
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| Notes to the Financial Statements |
| For the year ended 31 July 2021 |
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| 1. |
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Accounting policies |
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(a) |
Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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(b) |
Revenue recognition |
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Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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(c) |
Tangible fixed assets and depreciation |
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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: |
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Plant and machinery etc |
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25% reducing balance |
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Motor vehicles |
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25% reducing balance |
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(d) |
Taxation |
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Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
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(e) |
Pension costs |
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The company operates a defined contribution pension scheme. Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
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(f) |
Foreign currency translation |
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Transactions in foreign currencies are recorded at the average exchange rate for the month in which the transaction takes place. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account. |
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| Page 2 |
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| Nathaniel Gee Architects Limited |
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| Notes to the Financial Statements |
| For the year ended 31 July 2021 |
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| 4. |
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Debtors |
2021 |
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2020 |
| £ |
£ |
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Trade debtors |
48,672 |
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20,459 |
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Prepayments and accrued income |
10,484 |
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1,129 |
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Other debtors |
2,677 |
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1,000 |
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61,833 |
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22,588 |
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| 5. |
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Creditors - amounts falling due within one year |
2021 |
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2020 |
| £ |
£ |
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Obligations under finance lease and hire purchase contracts |
2,611 |
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2,611 |
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Trade creditors |
14,273 |
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5,557 |
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Taxation and social security costs |
34,605 |
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40,154 |
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Director's loan |
- |
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71 |
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Accruals and deferred income |
4,921 |
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1,521 |
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Other creditors |
- |
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- |
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56,410 |
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49,914 |
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| 6. |
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Creditors - amounts falling due after more than one year |
2021 |
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2020 |
| £ |
£ |
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Obligations under finance lease and hire purchase contracts |
8,416 |
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11,027 |
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8,416 |
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11,027 |
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| 7. |
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Pension commitments |
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The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £6,000 (2020 - £6,000). |
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| Page 4 |
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| Nathaniel Gee Architects Limited |
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| Notes to the Financial Statements |
| For the year ended 31 July 2021 |
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| 8. |
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Director's advances, credits and guarantees |
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The following advances and credits to a director subsisted during the years ended 31 July 2021 and 31 July 2020 |
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2021 |
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2020 |
| £ |
£ |
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|
Nathaniel Thomas Whitby Gee |
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Balance outstanding at the beginning of the year |
71 |
|
407 |
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Amounts advanced during the year |
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(5,060) |
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(4,000) |
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Amounts repaid during the year |
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4,411 |
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3,664 |
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Balance outstanding at the end of the year |
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(578) |
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71 |
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| 9. |
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Controlling party |
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The company is controlled by Nathaniel Thomas Whitby Gee by virtue of his holding in the company. |
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| 10. |
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Statutory information |
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The company is a private company limited by shares and incorporated in England. Its registered office is: |
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Studio 11.5 |
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2-4 Exmoor Street |
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London W10 6BD |
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| Page 5 |
