Greenspace Architects Limited - Accounts to registrar (filleted) - small 18.1

Greenspace Architects Limited - Accounts to registrar (filleted) - small 18.1

GREENSPACE ARCHITECTS LIMITED - Company Information

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REGISTERED NUMBER: 07366726 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Greenspace Architects Limited
Greenspace Architects Limited (Registered number: 07366726)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Greenspace Architects Limited

Company Information
for the Year Ended 30 September 2017







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
Page 1
Greenspace Architects Limited (Registered number: 07366726)

Abridged Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,400 7,200
Tangible assets 5 6,029 5,971
11,429 13,171

CURRENT ASSETS
Stocks 29,476 19,803
Debtors 24,914 51,667
Cash at bank and in hand 978 19
55,368 71,489
CREDITORS
Amounts falling due within one year (50,469 ) (59,936 )
NET CURRENT ASSETS 4,899 11,553
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,328
24,724

CREDITORS
Amounts falling due after more than one year (15,131 ) (19,700 )

PROVISIONS FOR LIABILITIES (1,145 ) (1,194 )
NET ASSETS 52 3,830

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings 42 3,820
SHAREHOLDERS' FUNDS 52 3,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 notes form part of these financial statements

Page 2 continued...
Greenspace Architects Limited (Registered number: 07366726)

Abridged Balance Sheet - continued
30 September 2017


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 16 March 2018 and were signed by:





J K Slack - Director


The notes form part of these financial statements

Page 3
Greenspace Architects Limited (Registered number: 07366726)

Notes to the Financial Statements
for the Year Ended 30 September 2017

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 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.

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 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.


Page 4 continued...
Greenspace Architects Limited (Registered number: 07366726)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued
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 7 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016
and 30 September 2017 18,000
AMORTISATION
At 1 October 2016 10,800
Amortisation for year 1,800
At 30 September 2017 12,600
NET BOOK VALUE

At 30 September 2017 5,400
At 30 September 2016 7,200

Page 5 continued...
Greenspace Architects Limited (Registered number: 07366726)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2016 15,717
Additions 2,067
At 30 September 2017 17,784
DEPRECIATION
At 1 October 2016 9,746
Charge for year 2,009
At 30 September 2017 11,755
NET BOOK VALUE
At 30 September 2017 6,029
At 30 September 2016 5,971

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.17 30.9.16
value: £    £   
10 Ordinary £1 10 10

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 September 2017, the company was owed £7,011 by a director of the company is respect of an interest free loan
which is repayable on demand.

8. FIRST YEAR ADOPTION

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October
2014. No transitional adjustments were required on equity or profit and loss for the year.

Page 6