Connoisseur Auction Consultants Ltd,Ltd - AccountsLtd - Accounts

Connoisseur Auction Consultants Ltd,Ltd - AccountsLtd - Accounts

CONNOISSEUR AUCTION CONSULTANTS LIMITED - Company Information

Print Friendly Version

2021-04-01 10135715 2022-03-31 10135715 2021-04-01 2022-03-31 10135715 2021-03-31 10135715 2020-04-01 2021-03-31 10135715 uk-core:WithinOneYear 2021-03-31 10135715 uk-core:WithinOneYear 2022-03-31 10135715 uk-core:ShareCapital 2022-03-31 10135715 uk-core:ShareCapital 2021-03-31 10135715 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 10135715 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 10135715 uk-bus:Director1 2021-04-01 2022-03-31 10135715 uk-core:ComputerEquipment 2021-04-01 2022-03-31 10135715 uk-core:FurnitureFittings 2021-04-01 2022-03-31 10135715 uk-core:ComputerEquipment 2021-03-31 10135715 uk-core:FurnitureFittings 2021-03-31 10135715 uk-core:FurnitureFittings 2022-03-31 10135715 uk-core:ComputerEquipment 2022-03-31 10135715 2 uk-bus:Director1 2021-04-01 2022-03-31 10135715 2 uk-bus:Director1 2022-03-31 10135715 2 uk-bus:Director1 2021-03-31 10135715 3 uk-bus:Director2 2021-04-01 2022-03-31 10135715 3 uk-bus:Director2 2022-03-31 10135715 3 uk-bus:Director2 2021-03-31 iso4217:GBP xbrli:pure 10135715 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 10135715 uk-bus:FRS102 2021-04-01 2022-03-31 10135715 uk-bus:FullAccounts 2021-04-01 2022-03-31 10135715 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Connoisseur Auction Consultants Ltd
Registered Number:10135715
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Connoisseur Auction Consultants Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10135715
As at 31 March 2022
Connoisseur Auction Consultants Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
81
118
2
81
118
Current assets
Trade and other receivables
6,587
8,284
3
280
Cash and cash equivalents
69
8,353
6,867
Trade and other payables: amounts falling due within one year
(6,956)
(8,337)
4
(89)
16
Net current assets
Total assets less current liabilities
97
29
(15)
(22)
Provisions for liabilities
82
Net assets
7
Capital and reserves
Called up share capital
3
3
Retained earnings
79
4
82
7
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 director acknowledges his 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 13 December 2022 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2022
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.
2 of 4
5
For the year ended 31 March 2022
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 2021
804
695
109
At 31 March 2022
109
695
804
Provision for depreciation and impairment
At 01 April 2021
686
602
84
Charge for year
37
31
6
At 31 March 2022
723
633
90
At 31 March 2022
Net book value
19
62
81
At 31 March 2021
25
93
118
3. Trade and other receivables
2021
2022
£
£
Trade debtors
850
-
Other debtors
7,434
6,587
6,587
8,284
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
720
720
Taxation and social security
3,914
3,538
Other creditors
3,703
2,698
8,337
6,956
3 of 4
6
For the year ended 31 March 2022
Connoisseur Auction Consultants Ltd
Notes to the Financial Statements Continued
5. Directors advances and guarantees
At 01/04/2021
Loaned
Repaid
At 31/03/2022
£
£
£
£
Mr Alan Finney
Directors Loan Account
1,608
1,445
1,608
1,445
1,608
1,445
1,608
1,445
Mrs Gillian Finney
Directors Loan Account
1,608
1,455
1,608
1,455
1,608
1,455
1,608
1,455
6. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2)
4 of 4