REGISTERED NUMBER: 04093533 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

A & J ARCHITECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Parascandolo

Mrs J Parascandolo

SECRETARY:

Mrs J Parascandolo

REGISTERED OFFICE:

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

REGISTERED NUMBER:

04093533 (England and Wales)

ACCOUNTANT:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Intangible assets

4

18,070

21,685

Tangible assets

5

5,933

6,444

24,003

28,129

CURRENT ASSETS

Stocks

2,500

1,945

Debtors

6

14,170

17,856

Cash at bank and in hand

1,904

15,170

18,574

34,971

CREDITORS

Amounts falling due within one year

7

42,726

61,294

NET CURRENT LIABILITIES

(24,152

)

(26,323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(149

)

1,806

PROVISIONS FOR LIABILITIES

94

1,224

NET (LIABILITIES)/ASSETS

(243

)

582

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(245

)

580

SHAREHOLDERS' FUNDS

(243

)

582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 26th July 2018 and were signed on its behalf by:

Mr A Parascandolo - Director

Mrs J Parascandolo - Director

1.	STATUTORY INFORMATION

A & J 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.

Turnover

Turnover represents net invoiced services, excluding value added tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be

received.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

As at the transition date for Financial Reporting Standard 102, the estimated useful life of Goodwill was 7 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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

Despite the company showing net liabilities, the financial statements have been prepared on a going concern

basis. The director will continue to support the company for a period in excess of twelve months from the date of

approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2017

and 31st March 2018

72,281

AMORTISATION

At 1st April 2017

50,596

Amortisation for year

3,615

At 31st March 2018

54,211

NET BOOK VALUE

At 31st March 2018

18,070

At 31st March 2017

21,685

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2017

7,388

31,340

38,728

Additions

-

1,346

1,346

At 31st March 2018

7,388

32,686

40,074

DEPRECIATION

At 1st April 2017

6,477

25,807

32,284

Charge for year

137

1,720

1,857

At 31st March 2018

6,614

27,527

34,141

NET BOOK VALUE

At 31st March 2018

774

5,159

5,933

At 31st March 2017

911

5,533

6,444

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

10,068

13,681

Other debtors

1,676

1,706

Prepayments

2,426

2,469

14,170

17,856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other loans

25,000

25,000

Trade creditors

415

914

Social security and other taxes

606

1,192

VAT

5,138

7,851

Other creditors

11

-

Directors' loan accounts

10,116

24,957

Accrued expenses

1,440

1,380

42,726

61,294

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £10,117 (2017 - £24,956) to members of key management

personnel. No interest has been charged to the company in respect of this loan which is repayable on demand

and is presented within creditors due within one year.