REGISTERED NUMBER: |
GARETH HOSKINS ARCHITECTS LIMITED |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
REGISTERED NUMBER: |
GARETH HOSKINS ARCHITECTS LIMITED |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 September 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Statement of Changes in Equity | 6 |
Notes to the Financial Statements | 7 |
GARETH HOSKINS ARCHITECTS LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 September 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
REPORT OF THE DIRECTORS |
For The Year Ended 30 September 2023 |
The directors present their report with the financial statements of the company for the year ended 30 September 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of architectural design. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 October 2022 to the date of this report. |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
INCOME STATEMENT |
For The Year Ended 30 September 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
(59,393 | ) | (810,441 | ) |
Other operating income |
OPERATING LOSS | 4 | ( |
) | ( |
) |
Profit on sale of branch |
operation | 5 |
(59,393 | ) | (213,772 | ) |
Interest receivable and similar income |
(57,680 | ) | (213,387 | ) |
Interest payable and similar expenses |
LOSS BEFORE TAXATION | ( |
) | ( |
) |
Tax on loss | 6 |
LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
BALANCE SHEET |
30 September 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 8 |
Tangible assets | 9 |
CURRENT ASSETS |
Debtors | 10 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 11 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
12 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
BALANCE SHEET - continued |
30 September 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
STATEMENT OF CHANGES IN EQUITY |
For The Year Ended 30 September 2023 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 1 October 2021 |
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - | ( |
) | ( |
) |
Balance at 30 September 2022 |
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - | ( |
) | ( |
) |
Balance at 30 September 2023 |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 September 2023 |
1. | STATUTORY INFORMATION |
Gareth Hoskins Architects Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised over its estimated useful life of fifteen years. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
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. |
Leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 September 2023 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme for employees and makes pension contributions to the personal pension schemes of a director and an employee. Contributions payable to these pension schemes are charged to profit or loss in the period to which they relate. |
Income from joint ventures |
Income earned in the year from joint ventures is accounted for as other operating income. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | OPERATING LOSS |
The operating loss is stated after charging: |
30.9.23 | 30.9.22 |
£ | £ |
Depreciation - owned assets |
5. | EXCEPTIONAL ITEMS |
30.9.23 | 30.9.22 |
£ | £ |
Profit on sale of branch |
operation |
6. | TAXATION |
Analysis of the tax charge |
The tax charge on the loss for the year was as follows: |
30.9.23 | 30.9.22 |
£ | £ |
Current tax: |
UK corporation tax | ( |
) |
Prior year adjustment | - | (61 | ) |
Total current tax | ( |
) |
Deferred tax |
Tax on loss |
7. | DIVIDENDS |
30.9.23 | 30.9.22 |
£ | £ |
Ordinary shares of £1 each |
Interim |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 September 2023 |
8. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2022 |
and 30 September 2023 |
AMORTISATION |
At 1 October 2022 |
and 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
9. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2022 |
Additions |
Disposals | ( |
) |
At 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Tax recoverable |
Deferred tax asset |
GARETH HOSKINS ARCHITECTS LIMITED (REGISTERED NUMBER: SC254352) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 September 2023 |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Bank loans |
13. | OTHER FINANCIAL COMMITMENTS |
At 30 September 2023 the company was committed to making total payments under non-cancellable operating leases of £70,542 (2022, £49,497). |
14. | RELATED PARTY DISCLOSURES |
There is a second ranking bond and floating charge secured over all of the company's assets in respect of all sums due by the company's ultimate parent company to two of the company's directors and one of its former shareholders (the secured parties) under the terms of a share and purchase agreement between the company's ultimate parent company and the secured parties. |