ART AND VINTAGE LIMITED

Company Registration Number:
SC524301 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

ART AND VINTAGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ART AND VINTAGE LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Paul Butler
Antonia Butler
Registered office: 3
Lyne Street
Edinburgh
GB-SCT
EH7 5DN
Company Registration Number: SC524301 (Scotland)

ART AND VINTAGE LIMITED

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

The company's principal activity during the period was that of running an unlicensed cafe.

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
Paul Butler
Antonia Butler

This report was approved by the board of directors on 15 August 2024
And Signed On Behalf Of The Board By:

Name: Paul Butler
Status: Director

ART AND VINTAGE LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 172,694 159,193
Administrative Expenses ( 178,289 ) ( 173,200 )
Operating Profit or (Loss) ( 5,595 ) ( 14,007 )
Interest Payable and Similar Charges ( 497 ) ( 71 )
Profit or (Loss) Before Tax ( 6,092 ) ( 14,078 )
Profit or (Loss) for Period ( 6,092 ) ( 14,078 )

The notes form part of these financial statements

ART AND VINTAGE LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 51,617 52,314
Total fixed assets: 51,617 52,314
Current assets
Stocks: 924 830
Debtors: 0 0
Cash at bank and in hand: 0 0
Total current assets: 924 830
Creditors: amounts falling due within one year: ( 81,443 ) ( 66,103 )
Net current assets (liabilities): ( 80,519 ) ( 65,273 )
Total assets less current liabilities: ( 28,902 ) ( 12,959 )
Total net assets (liabilities): ( 28,902 ) ( 12,959 )

The notes form part of these financial statements

ART AND VINTAGE LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 29,002 ) ( 13,059 )
Shareholders funds: ( 28,902 ) ( 12,959 )

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 August 2024
And Signed On Behalf Of The Board By:

Name: Paul Butler
Status: Director

The notes form part of these financial statements

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the total invoice value of goods sold and services rendered during the period.

    Tangible fixed assets depreciation policy

    Depreciation is provided using the rates to reduce by annual installments the cost, less estimated residual value, of the tangible assets over their estimated useful lives:- Equipment, fixtures & fittings & Motor Vehicles - 20% Reducing Balance

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 8 7

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

ART AND VINTAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 58,158
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2024 58,158
Depreciation
At 01 February 2023 5,844
Charge for year 697
On disposals -
Other adjustments -
At 31 January 2024 6,541
Net book value
At 31 January 2024 51,617
At 31 January 2023 52,314