Holmes Antiques Ltd |
Notes to the Accounts |
for the year ended 31 March 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Stocks |
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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. |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
1 |
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3 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Directors current account |
72,998 |
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Taxation and social security costs |
7,412 |
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Other creditors |
650 |
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81,060 |
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4 |
Other information |
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Holmes Antiques Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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87 Main Street |
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Haworth |
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Keighley |
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BD22 8DA |