Company Registration No. 6600725 (England and Wales)
Stanworth Fine Art Ltd
Unaudited accounts
for the year ended 30 June 2024
Stanworth Fine Art Ltd
Unaudited accounts
Contents
Stanworth Fine Art Ltd
Company Information
for the year ended 30 June 2024
Directors
Mr. J W J Stanworth
Mrs. N M Stanworth
Company Number
6600725 (England and Wales)
Registered Office
The Grange
Rectory Lane
Cadeby
Nuneaton
CV13 ORB
Accountants
John Porter & Co. Accountants
14 Elm Tree Avenue
Glenfield
Leicester
LE3 8QA
Stanworth Fine Art Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
5,321
3,366
Inventories
650,377
624,156
Cash at bank and in hand
1,369,172
1,384,319
Creditors: amounts falling due within one year
(11,041)
(14,002)
Net current assets
2,008,508
1,994,473
Total assets less current liabilities
2,013,829
1,997,839
Creditors: amounts falling due after more than one year
(175,397)
(212,862)
Net assets
1,838,432
1,784,977
Called up share capital
100
100
Profit and loss account
1,838,332
1,784,877
Shareholders' funds
1,838,432
1,784,977
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by
Mr. J W J Stanworth
Director
Company Registration No. 6600725
Stanworth Fine Art Ltd
Notes to the Accounts
for the year ended 30 June 2024
Stanworth Fine Art Ltd is a private company, limited by shares, registered in England and Wales, registration number 6600725. The registered office is The Grange, Rectory Lane, Cadeby, Nuneaton, CV13 ORB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
11,726
8,052
19,778
At 30 June 2024
11,726
11,598
23,324
At 1 July 2023
8,986
7,426
16,412
Charge for the year
548
1,043
1,591
At 30 June 2024
9,534
8,469
18,003
At 30 June 2024
2,192
3,129
5,321
At 30 June 2023
2,740
626
3,366
Stanworth Fine Art Ltd
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
132,500
132,500
Taxes and social security
42,897
80,362
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).