CMS Architects Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02982297 (England and Wales)

CMS ARCHITECTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P Coleman

P J Blake

J Smith

REGISTERED OFFICE:

26 Martingate

Corsham

Wiltshire

SN13 0HL

REGISTERED NUMBER:

02982297 (England and Wales)

ACCOUNTANTS:

Clear Vision Accountancy Limited

1 Abacus House

Newlands Road

Corsham

Wiltshire

SN13 0BH

BANKERS:

Barclays Bank plc

37 Milsom Street

Bath

FIXED ASSETS

Tangible assets

4

5,024

8,692

Investments

5

-

10

5,024

8,702

CURRENT ASSETS

Debtors

6

148,844

184,315

Cash at bank

63,133

39,030

211,977

223,345

CREDITORS

Amounts falling due within one year

7

265,969

229,896

NET CURRENT LIABILITIES

(53,992

)

(6,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(48,968

)

2,151

PROVISIONS FOR LIABILITIES

-

168

NET (LIABILITIES)/ASSETS

(48,968

)

1,983

CAPITAL AND RESERVES

Called up share capital

11,300

11,300

Share premium

10,200

10,200

Retained earnings

(70,468

)

(19,517

)

SHAREHOLDERS' FUNDS

(48,968

)

1,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 9 January 2018 and were signed on its behalf by:

P J Blake - Director

1.	STATUTORY INFORMATION

CMS 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

The turnover shown in the profit and loss account in respect of building project management and design

consultancy represents amounts invoiced during the year, exclusive of Value Added Tax. Adjustments are

made for the recognition of attributable turnover and profit on contracts based on the estimated stage of

completion of those contracts.

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

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.

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.

Going concern

The directors have assessed whether the company is a going concern and have considered all available

information about the future and are confident of the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

84,849

DEPRECIATION

At 1 November 2016

76,157

Charge for year

3,668

At 31 October 2017

79,825

NET BOOK VALUE

At 31 October 2017

5,024

At 31 October 2016

8,692

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2016

10

Disposals

(10

)

At 31 October 2017

-

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

10

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

96,065

145,524

Amounts owed by group undertakings

2,308

-

Other debtors

50,471

8,791

148,844

154,315

Amounts falling due after more than one year:

Trade debtors

-

30,000

Aggregate amounts

148,844

184,315

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

146,997

89,892

Amounts owed to group undertakings

83,178

95,739

Taxation and social security

34,096

39,465

Other creditors

1,698

4,800

265,969

229,896

8.	RELATED PARTY DISCLOSURES

Included in the balance sheet is a balance owed to CMS Construction Consultants Ltd of £83,178 (2016 -

£73,974) and from CMS Project Managers and Surveyors Ltd of £2,308 (2016 creditor - £21,765).

During the year the company was charged £290,700 (2016 - £243,510) from CMS Construction Consultants Ltd

for the operational management of the company and represents a share of the overheads. At the balance sheet

date an amount of £146,690 remained outstanding (2016 - £86,914)

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of CMS Construction Consultants Ltd during the year, a company in which

Mr P R Coleman is the majority shareholder.

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 CMS Architects Ltd for the year ended 31 October 2017 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 CMS 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 CMS Architects Ltd and state those matters that we have agreed to state to the Board of Directors of CMS 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 CMS Architects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CMS 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 loss of CMS Architects Ltd. You consider that CMS 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 CMS 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.

Clear Vision Accountancy Limited

1 Abacus House

Newlands Road

Corsham

Wiltshire

SN13 0BH

16 January 2018