Stuart Radley Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09085710 (England and Wales)

STUART RADLEY ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

S P Hoadley

S J Pook

S S Radley

M D J Thoms

REGISTERED OFFICE:

56 West Street

Shoreham-by-Sea

West Sussex

BN43 5WG

REGISTERED NUMBER:

09085710 (England and Wales)

ACCOUNTANTS:

Flint Accounting Ltd.

Chartered Accountants

56 West Street

Shoreham-by-Sea

West Sussex

BN43 5WG

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 Balance Sheet. Readers are cautioned that the Income Statement 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 Stuart Radley Associates Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet 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 Stuart Radley Associates Limited, 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 Stuart Radley Associates Limited and state those matters that we have agreed to state to the Board of Directors of Stuart Radley Associates Limited, 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 Stuart Radley Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stuart Radley Associates Limited 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 Stuart Radley Associates Limited. You consider that Stuart Radley Associates Limited 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 Stuart Radley Associates Limited. 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.

Flint Accounting Ltd.

Chartered Accountants

56 West Street

Shoreham-by-Sea

West Sussex

BN43 5WG

26 September 2023

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,372

17,212

21,372

17,212

CURRENT ASSETS

Debtors

6

207,474

140,292

Cash at bank and in hand

176,682

198,774

384,156

339,066

CREDITORS

Amounts falling due within one year

7

173,515

157,636

NET CURRENT ASSETS

210,641

181,430

TOTAL ASSETS LESS CURRENT LIABILITIES

232,013

198,642

CREDITORS

Amounts falling due after more than one year

8

(27,786

)

(50,000

)

PROVISIONS FOR LIABILITIES

(5,343

)

(3,270

)

NET ASSETS

198,884

145,372

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

198,784

145,272

198,884

145,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 25 September 2023 and were signed on its behalf by:

S S Radley - Director

1.	STATUTORY INFORMATION

Stuart Radley Associates 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.

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

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.

Turnover

Revenue is measured at fair value for the consideration received or receivable. Revenue represents management fees receivable for managing real estates, net of value added tax and other discounts.

Revenue is recognised as work in progress is performed. On completion of works at agreed stages an invoice for services is raised to the client.

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

At each balance sheet date the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

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 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 14 (2022 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

100,000

AMORTISATION

At 1 April 2022

and 31 March 2023

100,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

23,193

30,559

53,752

Additions

1,359

7,928

9,287

At 31 March 2023

24,552

38,487

63,039

DEPRECIATION

At 1 April 2022

17,550

18,990

36,540

Charge for year

1,688

3,439

5,127

At 31 March 2023

19,238

22,429

41,667

NET BOOK VALUE

At 31 March 2023

5,314

16,058

21,372

At 31 March 2022

5,643

11,569

17,212

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

164,009

92,128

Amounts recoverable on contract

21,940

28,998

Other debtors

21,525

19,166

207,474

140,292

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

22,222

22,222

Trade creditors

9,276

429

Taxation and social security

136,646

121,020

Other creditors

5,371

13,965

173,515

157,636

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

27,786

50,000

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Between one and five years

-

28,750

10.

RESERVES

Retained

earnings

£

At 1 April 2022

145,272

Profit for the year

303,672

Dividends

(250,160

)

At 31 March 2023

198,784