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DRDH ARCHITECTS LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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DRDH ARCHITECTS LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2019 |
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DRDH ARCHITECTS LIMITED (REGISTERED NUMBER: 04340122) |
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Contents of the Financial Statements |
for the year ended 31 December 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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DRDH ARCHITECTS LIMITED |
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Company Information |
for the year ended 31 December 2019 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
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Bankers: |
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25 Gresham Street |
London |
EC2V 7HN |
DRDH ARCHITECTS LIMITED (REGISTERED NUMBER: 04340122) |
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Balance Sheet |
31 December 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 3 |
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Current assets |
Debtors | 4 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 5 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
6 |
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Net assets |
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Capital and reserves |
Called up share capital | 9 |
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Retained earnings | 10 |
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Shareholders' funds |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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DRDH ARCHITECTS LIMITED (REGISTERED NUMBER: 04340122) |
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Notes to the Financial Statements |
for the year ended 31 December 2019 |
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1. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents amounts receivable for architectural services provided and is stated net of VAT. |
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Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the |
partial performance of the contractual obligations. For such contracts the amount of revenue reflects the |
accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is |
included in debtors and payments on account in excess of the relevant amount of revenue are included in |
creditors. |
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Fee income that is contingent on events outside the control of the firm is recognised when the contingent event |
occurs. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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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. |
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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. |
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Going concern |
Following the emergence and spread of the coronavirus (COVID-19) as well as its financial effects on |
business's worldwide the directors have considered its effects on the business of the company and believe there |
are sufficient funds available for the business to continue. |
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2. | Employees and directors |
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The average number of employees during the year was
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DRDH ARCHITECTS LIMITED (REGISTERED NUMBER: 04340122) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2019 |
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3. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2019 |
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Additions |
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At 31 December 2019 |
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Depreciation |
At 1 January 2019 |
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Charge for year |
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At 31 December 2019 |
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Net book value |
At 31 December 2019 |
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At 31 December 2018 |
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4. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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5. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | Creditors: amounts falling due after more than one year |
2019 | 2018 |
£ | £ |
Other creditors |
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7. | Leasing agreements |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
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Between one and five years |
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DRDH ARCHITECTS LIMITED (REGISTERED NUMBER: 04340122) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2019 |
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8. | Secured debts |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Funding circle | 71,431 | - |
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The following loan is secured by a personally guarantee by the director, D Howarth. |
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9. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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10. | Reserves |
Retained |
earnings |
£ |
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At 1 January 2019 |
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Profit for the year |
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At 31 December 2019 |
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11. | Directors' advances, credits and guarantees |
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The following advances and credits to a director subsisted during the year ended 31 December 2019 and the |
period ended 31 December 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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( |
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12. | Related party disclosures |
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Included in other creditors is £19,999 (2018 - £26,632) owed to the director, D Rosbottom. |