REGISTERED NUMBER: 02978854 (England and Wales)

Acanthus Clews Architects Ltd

Unaudited Financial Statements for the Year Ended 31 October 2017

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTORS:

D Finlay

S Myhill

M Smith

C J Finlay

SECRETARY:

S Myhill

REGISTERED OFFICE:

Acanthus House

57 Hightown Road

Banbury

Oxfordshire

OX16 9BE

REGISTERED NUMBER:

02978854 (England and Wales)

ACCOUNTANTS:

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

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 Acanthus Clews 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 Acanthus Clews Architects Ltd, as a body, in accordance with the terms of our engagement letter dated 1 November 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Acanthus Clews Architects Ltd and state those matters that we have agreed to state to the Board of Directors of Acanthus Clews 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 Acanthus Clews Architects Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acanthus Clews 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 profit of Acanthus Clews Architects Ltd. You consider that Acanthus Clews 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 Acanthus Clews 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.

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

22 May 2018

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

58,125

75,611

58,125

75,611

CURRENT ASSETS

Debtors

6

284,123

234,051

Cash at bank and in hand

277,089

257,961

561,212

492,012

CREDITORS

Amounts falling due within one year

7

159,560

166,016

NET CURRENT ASSETS

401,652

325,996

TOTAL ASSETS LESS CURRENT LIABILITIES

459,777

401,607

CREDITORS

Amounts falling due after more than one year

8

(2,015

)

(6,878

)

PROVISIONS FOR LIABILITIES

(2,891

)

(4,028

)

NET ASSETS

454,871

390,701

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Other reserves

7,818

7,818

Retained earnings

397,053

332,883

SHAREHOLDERS' FUNDS

454,871

390,701

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 22 May 2018 and were signed on its behalf by:

M Smith - Director

1.	STATUTORY INFORMATION

Acanthus Clews 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

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1994, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 16 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

120,000

AMORTISATION

At 1 November 2016

and 31 October 2017

120,000

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2016

183,828

75,518

93,190

206,794

559,330

Additions

851

-

-

9,369

10,220

Disposals

-

-

(14,801

)

-

(14,801

)

At 31 October 2017

184,679

75,518

78,389

216,163

554,749

DEPRECIATION

At 1 November 2016

171,209

71,673

50,959

189,878

483,719

Charge for year

3,340

961

10,382

12,014

26,697

Eliminated on disposal

-

-

(13,792

)

-

(13,792

)

At 31 October 2017

174,549

72,634

47,549

201,892

496,624

NET BOOK VALUE

At 31 October 2017

10,130

2,884

30,840

14,271

58,125

At 31 October 2016

12,619

3,845

42,231

16,916

75,611

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2016

and 31 October 2017

62,389

DEPRECIATION

At 1 November 2016

28,524

Charge for year

8,467

At 31 October 2017

36,991

NET BOOK VALUE

At 31 October 2017

25,398

At 31 October 2016

33,865

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

241,430

193,704

Provision for bad debts

(5,000

)

(13,455

)

Other debtors

17,000

28,500

Deposits

400

400

Prepayments and accrued income

30,293

24,902

284,123

234,051

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

4,863

8,033

Trade creditors

17,255

28,143

Corporation tax

49,222

46,676

Social security and other taxes

10,193

9,139

VAT

45,555

38,946

Other creditors

1,370

515

Pensions

1,907

913

Accruals and deferred income

29,195

33,651

159,560

166,016

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

2,015

6,878

9.	ULTIMATE CONTROLLING PARTY

The company considers there to be no ultimate controlling party.