Alan Finney Antiques Ltd,Ltd - AccountsLtd - Accounts

Alan Finney Antiques Ltd,Ltd - AccountsLtd - Accounts

ALAN FINNEY ANTIQUES LIMITED - Company Information

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2021-04-01 05035804 2022-03-31 05035804 2021-04-01 2022-03-31 05035804 2021-03-31 05035804 2020-04-01 2021-03-31 05035804 uk-core:WithinOneYear 2021-03-31 05035804 uk-core:WithinOneYear 2022-03-31 05035804 uk-core:AfterOneYear 2021-03-31 05035804 uk-core:AfterOneYear 2022-03-31 05035804 uk-core:ShareCapital 2022-03-31 05035804 uk-core:ShareCapital 2021-03-31 05035804 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 05035804 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 05035804 uk-bus:Director1 2021-04-01 2022-03-31 05035804 uk-core:PlantMachinery 2021-04-01 2022-03-31 05035804 uk-core:ToolsEquipment 2021-04-01 2022-03-31 05035804 uk-core:FurnitureFittings 2021-04-01 2022-03-31 05035804 uk-core:ToolsEquipment 2021-03-31 05035804 uk-core:FurnitureFittings 2021-03-31 05035804 uk-core:PlantMachinery 2021-03-31 05035804 uk-core:PlantMachinery 2022-03-31 05035804 uk-core:FurnitureFittings 2022-03-31 05035804 uk-core:ToolsEquipment 2022-03-31 05035804 uk-core:WithinOneYear 2022-03-31 05035804 uk-core:WithinOneYear 2021-03-31 05035804 uk-core:AfterOneYear uk-core:Secured 2022-03-31 05035804 uk-core:AfterOneYear uk-core:Secured 2021-03-31 iso4217:GBP xbrli:pure 05035804 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 05035804 uk-bus:FRS102 2021-04-01 2022-03-31 05035804 uk-bus:FullAccounts 2021-04-01 2022-03-31 05035804 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Alan Finney Antiques Ltd
Registered Number:05035804
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Alan Finney Antiques Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05035804
As at 31 March 2022
Alan Finney Antiques Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
295
368
2
295
368
Current assets
Inventories
34,875
31,577
3
Trade and other receivables
7,878
1,043
4
172
Cash and cash equivalents
102
32,722
42,925
Trade and other payables: amounts falling due within one year
(35,267)
(37,423)
5
7,658
(4,701)
Net current liabilities
Total assets less current liabilities
(4,406)
8,026
Trade and other payables: amounts falling due after more than
one year
(4,203)
(3,084)
6
1,164
(70)
Provisions for liabilities
(6,326)
Net assets/liabilities
3,753
Capital and reserves
Called up share capital
3
3
Retained earnings
(6,329)
3,750
(6,326)
3,753
Shareholders' funds
For the year ended 31 March 2022 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 2022 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.
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4
Registered Number :
05035804
For the year ended 31 March 2022
Alan Finney Antiques Ltd
Statement of Financial Position Continued
Mr Alan Finney Director
These financial statements were approved and authorised for issue by the Board on 13 December 2022 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2022
Alan Finney Antiques Ltd
Notes to the Financial Statements
Statutory Information
Alan Finney Antiques Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
05035804.
Principal place of business:
3 John Street
Biddulph
Stoke on Trent
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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:
Plant and machinery
20% Reducing balance
20% Reducing balance
Computer equipment
20% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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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6
For the year ended 31 March 2022
Alan Finney Antiques Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 April 2021
6,274
505
5,619
150
At 31 March 2022
150
5,619
505
6,274
Provision for depreciation and impairment
At 01 April 2021
5,906
448
5,311
147
Charge for year
73
10
62
1
At 31 March 2022
5,979
458
5,373
148
At 31 March 2022
Net book value
2
246
47
295
At 31 March 2021
3
308
57
368
3. Inventories
2021
2022
£
£
Stocks
31,577
34,875
4. Trade and other receivables
2021
2022
£
£
Trade debtors
-
6,685
Other debtors
1,043
1,193
7,878
1,043
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
1,119
647
Trade creditors
21,594
20,896
Taxation and social security
-
1,094
Other creditors
14,710
12,630
37,423
35,267
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7
For the year ended 31 March 2022
Alan Finney Antiques Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
3,084
4,203
7. Related party transactions
Included within other creditors is the directors loan account balance of £5,392 (2021 - £4,312). This loan is interest free and
has no fixed date of repayment.
8. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2)
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