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REGISTERED NUMBER: 03303916 (England and Wales)






C & H Antiques Limited

Financial Statements

for the Year Ended 30 June 2023






C & H Antiques Limited (Registered number: 03303916)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & H Antiques Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr W E Cundall
Mrs F B Cundall





SECRETARY: Mrs F B Cundall





REGISTERED OFFICE: 33 George Street
Wakefield
West Yorkshire
WF1 1LX





REGISTERED NUMBER: 03303916 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

C & H Antiques Limited (Registered number: 03303916)

Balance Sheet
30 June 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 75
- 75

CURRENT ASSETS
Stocks 3,840,178 3,733,789
Debtors 6 60,342 34,032
Cash at bank 8,764 23,661
3,909,284 3,791,482
CREDITORS
Amounts falling due within one year 7 278,618 501,374
NET CURRENT ASSETS 3,630,666 3,290,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,630,666

3,290,183

CREDITORS
Amounts falling due after more than one
year

8

(21,879

)

(33,165

)

PROVISIONS FOR LIABILITIES - (14 )
NET ASSETS 3,608,787 3,257,004

C & H Antiques Limited (Registered number: 03303916)

Balance Sheet - continued
30 June 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 3,605,787 3,254,004
SHAREHOLDERS' FUNDS 3,608,787 3,257,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:




Mr W E Cundall - Director



Mrs F B Cundall - Director


C & H Antiques Limited (Registered number: 03303916)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

C & H Antiques Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Tangible fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


C & H Antiques Limited (Registered number: 03303916)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2022
and 30 June 2023 15,000
AMORTISATION
At 1 July 2022
and 30 June 2023 15,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

C & H Antiques Limited (Registered number: 03303916)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 July 2022
and 30 June 2023 2,317 1,746 4,063
DEPRECIATION
At 1 July 2022 2,317 1,671 3,988
Charge for year - 75 75
At 30 June 2023 2,317 1,746 4,063
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 - 75 75

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by participating interests - 17,106
Directors' current accounts 51,860 1,285
VAT 8,482 11,741
Prepayments and accrued income - 3,900
60,342 34,032

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,006 198,071
Amounts owed to participating interests 134,342 -
Tax 92,427 99,121
Social security and other taxes 849 963
Other creditors 31,937 199,571
Accruals and deferred income 9,057 3,648
278,618 501,374

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 21,879 33,165

C & H Antiques Limited (Registered number: 03303916)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank overdraft - 189,633
Bank loans 31,885 41,603
31,885 231,236

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£ £
Mr W E Cundall and Mrs F B Cundall
Balance outstanding at start of year 1,285 -
Amounts advanced 101,062 1,285
Amounts repaid (50,487 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,860 1,285

11. RELATED PARTY DISCLOSURES

At the year end £134,342 was due to High Mill Antiques Limited (2022: £17,106 due from), a company in which the directors have an interest.The loans are interest free with no repayment terms.
During the year goods to the value of £50,00 were sold to High Mill Antiques Limited at an arms length value.