REGISTERED NUMBER: SC414344 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2018

for

Jon Frullani Architect Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J G Frullani

REGISTERED OFFICE:

Unit 5, District 10

25 Greenmarket

Dundee

DD1 4QB

REGISTERED NUMBER:

SC414344 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

Chapelshade House

78-84 Bell Street

Dundee

DD1 1RQ

FIXED ASSETS

Intangible assets

4

26

754

Tangible assets

5

10,942

10,946

10,968

11,700

CURRENT ASSETS

Debtors

6

131,330

45,885

Cash at bank and in hand

102,439

145,036

233,769

190,921

CREDITORS

Amounts falling due within one year

7

53,941

69,610

NET CURRENT ASSETS

179,828

121,311

TOTAL ASSETS LESS CURRENT LIABILITIES

190,796

133,011

PROVISIONS FOR LIABILITIES

2,189

2,190

NET ASSETS

188,607

130,821

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

188,597

130,811

SHAREHOLDERS' FUNDS

188,607

130,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 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 director on 16 August 2018 and were signed by:

J G Frullani - Director

1.	STATUTORY INFORMATION

Jon Frullani Architect Limited is a private company, limited by shares , registered in Scotland. 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 company's forecast and projections, taking account of reasonable changes in trading performance, indicate

that the company plans to operate within cash generated. The director confirms that, after making appropriate

enquiries, he has reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis in

preparing these financial statements.

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 fixed assets

Amortisation is provided at the following annual rate in order to write off the following asset over its estimated

useful life.

Website - 33% straight line

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 February 2017

and 31 January 2018

2,210

AMORTISATION

At 1 February 2017

1,456

Amortisation for year

728

At 31 January 2018

2,184

NET BOOK VALUE

At 31 January 2018

26

At 31 January 2017

754

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2017

5,176

10,438

15,614

Additions

137

3,482

3,619

At 31 January 2018

5,313

13,920

19,233

DEPRECIATION

At 1 February 2017

1,634

3,034

4,668

Charge for year

912

2,711

3,623

At 31 January 2018

2,546

5,745

8,291

NET BOOK VALUE

At 31 January 2018

2,767

8,175

10,942

At 31 January 2017

3,542

7,404

10,946

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

41,754

40,539

Other debtors

762

558

Directors' current accounts

79,442

1,050

Prepayments and accrued income

9,372

3,738

131,330

45,885

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

4,638

8,176

Tax

15,373

30,852

Social security and other taxes

-

3,007

VAT

30,686

27,575

Other creditors

570

-

Accrued expenses

2,674

-

53,941

69,610

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10

Ordinary

1

10

10

9.

RESERVES

Retained

earnings

£

At 1 February 2017

130,811

Profit for the year

57,786

At 31 January 2018

188,597

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2018 and

31 January 2017:

2018

2017

£

£

J G Frullani

Balance outstanding at start of year

1,050

19,030

Amounts advanced

107,682

94,683

Amounts repaid

(29,290

)

(112,663

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

79,442

1,050