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CONNOISSEUR AUCTION CONSULTANTS LIMITED - Company Information

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Connoisseur Auction Consultants Ltd

Registered Number:10135715

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

Connoisseur Auction Consultants Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2019

Connoisseur Auction Consultants Ltd

Statement of Financial Position

Registered Number :

10135715

2018

2019

Notes

Fixed assets

Property, plant and equipment

255

373

255

373

Current assets

Trade and other receivables

3,036

2,661

646

Cash and cash equivalents

281

2,942

3,682

Trade and other payables: amounts falling due within one year

(3,337)

(3,053)

345

(111)

Net current liabilities

Total assets less current liabilities

144

718

(48)

(71)

Provisions for liabilities

Net assets

647

Capital and reserves

Called up share capital

Retained earnings

644

647

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Alan Finney Director

These financial statements were approved and authorised for issue by the Board on 19 December 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Connoisseur Auction Consultants Ltd

Notes to the Financial Statements

Statutory Information

Connoisseur Auction Consultants Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration

number 10135715.

Principal place of business:

3 John Street

Biddulph

Staffordshire

ST8 6BB

Registered address:

Suite 1, Old Stables Court

6a Queen Street

Newcastle under Lyme

Staffordshire

ST5 1ED

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

33% Reducing balance

Computer Equipment

25% Reducing balance

Furniture and Fittings

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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For the year ended 31 March 2019

Connoisseur Auction Consultants Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

Equipment

Furniture and

Fittings

Cost or valuation

At 01 April 2018

804

695

109

At 31 March 2019

109

695

804

Provision for depreciation and impairment

At 01 April 2018

431

383

Charge for year

118

103

At 31 March 2019

549

486

At 31 March 2019

Net book value

209

255

At 31 March 2018

312

373

3. Trade and other receivables

2018

2019

Trade debtors

225

Other debtors

2,661

2,811

3,036

2,661

4. Trade and other payables: amounts falling due within one year

2018

2019

Taxation and social security

942

634

Other creditors

2,111

2,703

3,053

3,337

5. Related party transactions

Included within other creditors is the balance of £4 (2018 - £150) relating to the directors loan account of Mr & Mrs Finney.

This loan is interest free and has no fixed date of repayment.

6. Average number of persons employed

During the year the average number of employees was 2 (2018 : 2)

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