ART AND VINTAGE LIMITED

Company Registration Number:
SC524301 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

ART AND VINTAGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ART AND VINTAGE LIMITED

Company Information

for the Period Ended 31 January 2023




Director: PAUL BUTLER
ANTONIA BUTLER
Registered office: 3
Lyne Street
Edinburgh
GB-SCT
EH7 5DN
Company Registration Number: SC524301 (Scotland)

ART AND VINTAGE LIMITED

Directors' Report Period Ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal Activities

The company's principal activity during the period was that of running an unlicensed cafe.

Directors

The directors shown below have held office during the whole of the period from 01 February 2022 to 31 January 2023
PAUL BUTLER
ANTONIA BUTLER

This report was approved by the board of directors on 27 October 2023
And Signed On Behalf Of The Board By:

Name: PAUL BUTLER
Status: Director

ART AND VINTAGE LIMITED

Profit and Loss Account

for the Period Ended 31 January 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 153,292 110,805
Income from coronavirus (COVID-19) business support grants 5,900 11,000
Administrative Expenses ( 173,200 ) ( 134,087 )
Operating Profit or (Loss) ( 14,008 ) ( 12,282 )
Interest Receivable and Similar Income 11 1
Interest Payable and Similar Charges ( 71 ) ( 2 )
Profit or (Loss) Before Tax ( 14,068 ) ( 12,283 )
Profit or (Loss) for Period ( 14,068 ) ( 12,283 )

The notes form part of these financial statements

ART AND VINTAGE LIMITED

Balance sheet

As at 31 January 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 52,314 52,747
Total fixed assets: 52,314 52,747
Current assets
Stocks: 830 1,171
Cash at bank and in hand: 0 6,114
Total current assets: 830 7,285
Creditors: amounts falling due within one year: ( 66,102 ) ( 68,774 )
Net current assets (liabilities): ( 65,272 ) ( 61,489 )
Total assets less current liabilities: ( 12,958 ) ( 8,742 )
Total net assets (liabilities): ( 12,958 ) ( 8,742 )

The notes form part of these financial statements

ART AND VINTAGE LIMITED

Balance sheet continued

As at 31 January 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 13,058 ) ( 8,842 )
Shareholders funds: ( 12,958 ) ( 8,742 )

For the year ending 31 January 2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 October 2023
And Signed On Behalf Of The Board By:

Name: PAUL BUTLER
Status: Director

The notes form part of these financial statements

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover represents the total invoice value of goods sold and services rendered during the period.

    Tangible fixed assets depreciation policy

    Depreciation is provided using the rates to reduce by annual installments the cost, less estimated residual value, of
    the tangible assets over their estimated useful lives:- Equipment, fixtures & fittings & Motor Vehicles -
    20% Reducing Balance

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 7 7

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Tangible Assets

Total
Cost £
At 01 February 2022 57,719
Additions 439
Disposals -
Revaluations -
Transfers -
At 31 January 2023 58,158
Depreciation
At 01 February 2022 4,972
Charge for year 872
On disposals -
Other adjustments -
At 31 January 2023 5,844
Net book value
At 31 January 2023 52,314
At 31 January 2022 52,747