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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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ELBOURN ARCHITECTS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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ELBOURN ARCHITECTS LIMITED |
ELBOURN ARCHITECTS LIMITED (REGISTERED NUMBER: 05001855) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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ELBOURN ARCHITECTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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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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Fifth Floor |
11 Leadenhall Street |
London |
EC3V 1LP |
ELBOURN ARCHITECTS LIMITED (REGISTERED NUMBER: 05001855) |
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STATEMENT OF FINANCIAL POSITION |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Work in progress |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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 on
by: |
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ELBOURN ARCHITECTS LIMITED (REGISTERED NUMBER: 05001855) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Elbourn Architects Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TURNOVER |
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. |
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TANGIBLE FIXED ASSETS |
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Fixtures, fittings and equipment | - |
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STOCK AND WORK IN PROGRESS |
Work in progress is valued at the lower of cost and net realisable value. |
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DEBTORS |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the |
effective interest method, less any impairment. |
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CREDITORS |
Short term creditors are measured at the transaction price. Loans from the director shareholders who are |
natural persons are also measured at transaction price irrespective of duration. Other financial liabilities, |
including bank loans, are measured initially at fair value, net of transaction costs, and are measured |
subsequently at amortised cost using the effective interest method. |
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DIVIDEND |
Equity dividends are recognized when they become legally payable. Interim equity dividends are recognized |
when paid. Final equity dividends are recognized when approved by the shareholders at an annual general |
meeting. Dividends on shares recognized as liabilities are recognized as expenses and classified within interest |
payable. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ELBOURN ARCHITECTS LIMITED (REGISTERED NUMBER: 05001855) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
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equipment |
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Cost |
At 1 April 2016 |
and 31 March 2017 |
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Depreciation |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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Net book value |
At 31 March 2017 |
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At 31 March 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Tax |
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Social security and other taxes |
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VAT | 885 | 1,339 |
Directors' current accounts | 1,248 | 1,608 |
Accrued expenses |
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7. | RELATED PARTY DISCLOSURES |
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Included in the other creditors is an an amount of £1,248 (2016: £1,608) owed to directors. This is an interest |
free advance to the company and does not have a fixed date of repayment. |
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8. | FIRST YEAR ADOPTION |
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The company adopts the FRS 102 section 1A from 1st April 2016. |
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The transition has not affected the financial position and performance of the company during the current and |
previous year. |