Registered number
09550697
Conservatory Archives Ltd
Filleted Accounts
30 April 2023
Conservatory Archives Ltd
Registered number: 09550697
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 131,353 211,983
Current assets
Stocks 78,098 60,000
Debtors 4 250,681 143,247
Cash at bank and in hand 8,070 31,265
336,849 234,512
Creditors: amounts falling due within one year 5 (294,263) (312,427)
Net current assets/(liabilities) 42,586 (77,915)
Total assets less current liabilities 173,939 134,068
Creditors: amounts falling due after more than one year 6 (179,924) (210,133)
Net liabilities (5,985) (76,065)
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,085) (76,165)
Shareholders' funds (5,985) (76,065)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Plazzotta, Esq
Director
Approved by the board on 18 October 2023
Conservatory Archives Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Leasehold land and buildings over 5 years
Fixtures and equipment over 4 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 17 21
3 Tangible fixed assets
Land and buildings Fixtures, equipment, plant & machinery Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 211,977 144,478 107,669 464,124
Additions - 29,825 - 29,825
Disposals - (8,000) - (8,000)
At 30 April 2023 211,977 166,303 107,669 485,949
Depreciation
At 1 May 2022 116,859 82,060 53,222 252,141
Charge for the year 53,638 31,284 21,533 106,455
On disposals - (4,000) - (4,000)
At 30 April 2023 170,497 109,344 74,755 354,596
Net book value
At 30 April 2023 41,480 56,959 32,914 131,353
At 30 April 2022 95,118 62,418 54,447 211,983
4 Debtors 2023 2022
£ £
Trade debtors 97,881 55,015
Other debtors 152,800 88,232
250,681 143,247
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 64,975 138,760
Obligations under finance lease and hire purchase contracts 11,368 11,794
Trade creditors 82,790 72,914
Taxation and social security costs 113,448 53,043
Other creditors 21,682 35,916
294,263 312,427
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 111,067 154,374
Obligations under finance lease and hire purchase contracts 68,857 55,759
179,924 210,133
Included in creditors is £0 (2022: £30,149) owing to the directors. The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loans will only be repaid as and when cash flow permits.
7 Controlling party
The company is controlled by the directors who own the entire share capital of the company equally.
8 Other information
Conservatory Archives Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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