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DRDH ARCHITECTS LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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DRDH ARCHITECTS LIMITED |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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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 2020 |
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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 2020 |
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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 |
DRDH ARCHITECTS LIMITED (REGISTERED NUMBER: 04340122) |
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Balance Sheet |
31 December 2020 |
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2020 | 2019 |
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 |
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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 Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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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 2020 |
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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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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 |
In particular, in response to the COVID-19 pandemic, the directors have taken into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. |
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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 2020 |
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3. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2020 |
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Additions |
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At 31 December 2020 |
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Depreciation |
At 1 January 2020 |
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Charge for year |
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At 31 December 2020 |
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Net book value |
At 31 December 2020 |
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At 31 December 2019 |
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4. | Debtors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Trade debtors |
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Amounts owed by associates |
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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 |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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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 |
2020 | 2019 |
£ | £ |
Bank loans |
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Other creditors |
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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 2020 |
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7. | Leasing agreements |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2020 | 2019 |
£ | £ |
Within one year |
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Between one and five years |
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8. | Secured debts |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Funding circle | - | 32,469 |
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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 | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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10. | Related party disclosures |
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Included in other creditors is £23,190 (2019 - £18,391) owed to the directors. |