Company registration number 09012329 (England and Wales)
ALLSORTS (ANTIQUES, VINTAGE & COLLECTABLES) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 AUGUST 2022
PAGES FOR FILING WITH REGISTRAR
ALLSORTS (ANTIQUES, VINTAGE & COLLECTABLES) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ALLSORTS (ANTIQUES, VINTAGE & COLLECTABLES) LTD (REGISTERED NUMBER: 09012329)
BALANCE SHEET
AS AT 28 AUGUST 2022
28 August 2022
- 1 -
28 August 2022
30 August 2021
Notes
£
£
£
£
Current assets
Debtors
4
9,333
5,839
Cash at bank and in hand
1,227
29,235
10,560
35,074
Creditors: amounts falling due within one year
5
(14,860)
(18,040)
Net current (liabilities)/assets
(4,300)
17,034
Creditors: amounts falling due after more than one year
6
(19,999)
(15,876)
Net (liabilities)/assets
(24,299)
1,158
Capital and reserves
Called up share capital
7
3
3
Profit and loss reserves
(24,302)
1,155
Total equity
(24,299)
1,158

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 28 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 17 November 2023
Mrs K Carey
Director
ALLSORTS (ANTIQUES, VINTAGE & COLLECTABLES) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 AUGUST 2022
- 2 -
1
Accounting policies
Company information

Allsorts (Antiques, Vintage & Collectables) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Reporting period

The company accounts are presented for a period shorter than a year, covering the period from the 31st of August 2021 to the 28th of August 2022.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

ALLSORTS (ANTIQUES, VINTAGE & COLLECTABLES) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 AUGUST 2022
1
Accounting policies
(Continued)
- 3 -
1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2022
2021
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
£
Cost
At 31 August 2021 and 28 August 2022
786
Depreciation and impairment
At 31 August 2021 and 28 August 2022
786
Carrying amount
At 28 August 2022
-
0
At 30 August 2021
-
0
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
9,333
5,839
ALLSORTS (ANTIQUES, VINTAGE & COLLECTABLES) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 AUGUST 2022
- 4 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
-
0
4,249
Trade creditors
3,625
1,606
Taxation and social security
5,486
6,534
Other creditors
5,749
5,651
14,860
18,040
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
19,999
15,876
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3
3
3
3
8
Financial commitments, guarantees and contingent liabilities

During the 2020 accounting period, the company borrowed £20,000 from its bankers for a Bounce Back Loan. As part of this loan scheme, the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.

9
Director's transactions

Included in other debtors is an overdrawn loan account of £6,902 (2021: £5,839). This was fully repaid within 9 months of the year-end.

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