Company Registration No. 07430098 (England and Wales)
Sarah Reynolds Fine Art Limited
Unaudited accounts
for the year ended 30 November 2023
Sarah Reynolds Fine Art Limited
Unaudited accounts
Contents
Sarah Reynolds Fine Art Limited
Company Information
for the year ended 30 November 2023
Director
Sarah Catherine Louise Reynolds
Company Number
07430098 (England and Wales)
Registered Office
75 Stradella Road
London
SE24 9HL
Accountants
Abacus Accounting Solutions Ltd
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
Sarah Reynolds Fine Art Limited
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
6,615
2,504
Creditors: amounts falling due within one year
(19,823)
(24,509)
Net current liabilities
(12,058)
(20,855)
Net liabilities
(11,927)
(20,678)
Called up share capital
1
1
Profit and loss account
(11,928)
(20,679)
Shareholders' funds
(11,927)
(20,678)
For the year ending 30 November 2023 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 director acknowledges her 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 and authorised for issue on 17 August 2024 and were signed on its behalf by
Sarah Catherine Louise Reynolds
Director
Company Registration No. 07430098
Sarah Reynolds Fine Art Limited
Notes to the Accounts
for the year ended 30 November 2023
Sarah Reynolds Fine Art Limited is a private company, limited by shares, registered in England and Wales, registration number 07430098. The registered office is 75 Stradella Road , London, SE24 9HL.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
133
1,564
1,750
3,447
At 30 November 2023
133
1,564
1,750
3,447
At 1 December 2022
129
1,486
1,655
3,270
Charge for the year
2
20
24
46
At 30 November 2023
131
1,506
1,679
3,316
At 30 November 2023
2
58
71
131
At 30 November 2022
4
78
95
177
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
18,913
23,649
Sarah Reynolds Fine Art Limited
Notes to the Accounts
for the year ended 30 November 2023
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).