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REGISTERED NUMBER: 04904124 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MARTYN EDGELL ANTIQUES LTD

MARTYN EDGELL ANTIQUES LTD (REGISTERED NUMBER: 04904124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


MARTYN EDGELL ANTIQUES LTD (REGISTERED NUMBER: 04904124)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,666 2,078

CURRENT ASSETS
Stocks 253,335 303,923
Debtors 5 286 241
Cash at bank and in hand 262,754 116,810
516,375 420,974
CREDITORS
Amounts falling due within one year 6 109,269 86,613
NET CURRENT ASSETS 407,106 334,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,772

336,439

PROVISIONS FOR LIABILITIES 494 379
NET ASSETS 409,278 336,060

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 409,276 336,058
SHAREHOLDERS' FUNDS 409,278 336,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MARTYN EDGELL ANTIQUES LTD (REGISTERED NUMBER: 04904124)

BALANCE SHEET - continued
31 OCTOBER 2023


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 19 April 2024 and were signed on its behalf by:




Mr M Edgell - Director



Mrs S F Edgell - Director


MARTYN EDGELL ANTIQUES LTD (REGISTERED NUMBER: 04904124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Martyn Edgell Antiques Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04904124

Registered office: 39 Station Road
Nassington
Peterborough
Cambridgeshire
PE8 6QB

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 represents the net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office & computer equipment - 25% on reducing balance

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.

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.

MARTYN EDGELL ANTIQUES LTD (REGISTERED NUMBER: 04904124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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. TANGIBLE FIXED ASSETS
Office &
computer
equipment
£   
COST
At 1 November 2022 9,208
Additions 1,332
At 31 October 2023 10,540
DEPRECIATION
At 1 November 2022 7,130
Charge for year 744
At 31 October 2023 7,874
NET BOOK VALUE
At 31 October 2023 2,666
At 31 October 2022 2,078

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 286 241

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,999 8,867
Taxation and social security 21,088 6,114
Other creditors 71,182 71,632
109,269 86,613

7. TRANSACTIONS WITH DIRECTORS

Included in other creditors is a loan from the directors amounting to £68,583 (2022 - £69,689). This loan is non-interest bearing and there is no fixed date of repayment.

MARTYN EDGELL ANTIQUES LTD (REGISTERED NUMBER: 04904124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr M Edgell by virtue of his own and associated shareholdings.