THE APPLEYARD GALLERY LIMITED

THE APPLEYARD GALLERY LIMITED

THE APPLEYARD GALLERY LIMITED - Company Information

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THE APPLEYARD GALLERY LIMITED

Company Registration Number:
05425604 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

THE APPLEYARD GALLERY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

THE APPLEYARD GALLERY LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 152,512 171,636
Investments:   0 0
Total fixed assets: 152,512 171,636
Current assets
Stocks: 190,527 192,298
Debtors: 4 15,923 5,756
Cash at bank and in hand: 429,672 210,912
Investments:   0 0
Total current assets: 636,122 408,966
Creditors: amounts falling due within one year: 5 (289,501) (186,378)
Net current assets (liabilities): 346,621 222,588
Total assets less current liabilities: 499,133 394,224
Creditors: amounts falling due after more than one year: 6 (148,983) (173,859)
Provision for liabilities: (22,330) (17,171)
Total net assets (liabilities): 327,820 203,194
Capital and reserves
Called up share capital: 15,000 15,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 312,820 188,194
Shareholders funds: 327,820 203,194

The notes form part of these financial statements

THE APPLEYARD GALLERY LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 September 2022
and signed on behalf of the board by:

Name: Mrs S J Thompson
Status: Director

The notes form part of these financial statements

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 4 4

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 266,785
Additions 0
Disposals (1,958)
Revaluations 0
Transfers 0
At 31 December 2021 264,827
Depreciation
At 01 January 2021 95,149
Charge for year 17,166
On disposals 0
Other adjustments 0
At 31 December 2021 112,315
Net book value
At 31 December 2021 152,512
At 31 December 2020 171,636

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due within one year note

Trade Creditors £11,416 (2020 - £40,426)Accruals for income in advance £144,107 (2020 - £80,588)Taxation £111,493 (2020 - 43,669)Loans £22,475 (2020 - £22,475)Other creditors £10 (2020 - £10)

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Creditors: amounts falling due after more than one year note

Loans due for repayment within 5 years £148,983 (2020 - £173,859)

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

7. Financial commitments

The company has a commitment to pay rent of £70,364 per annum in accordance with the lease of its trading premises. The lease runs to 2029 with a tenants option to break in 2023. The company's obligations under the lease are supported by a personal guarantee granted by the director and her husband, limited to £100,000.

THE APPLEYARD GALLERY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

8. Loans to directors

The balance on the director's loan account at 31 December 2021 amounted to £54,486 (2020 - £48,665) in credit at the year end and was interest free. The loan has no fixed date for repayment but the intention is that it will be repaid within 5 years.