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REGISTERED NUMBER: 08031619 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Collinge Antiques Limited

Collinge Antiques Limited (Registered number: 08031619)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Collinge Antiques Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: N R Collinge





REGISTERED OFFICE: Collinge Antiques
Conway Road
Llandudno Junction
CONWY
LL31 9LU





REGISTERED NUMBER: 08031619 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD

Collinge Antiques Limited (Registered number: 08031619)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 13,469 17,785

CURRENT ASSETS
Stocks 168,737 141,684
Debtors 5 131,802 134,706
Cash at bank and in hand 295,263 256,753
595,802 533,143
CREDITORS
Amounts falling due within one year 6 (59,978 ) (34,183 )
NET CURRENT ASSETS 535,824 498,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,293

516,745

PROVISIONS FOR LIABILITIES (3,367 ) (3,387 )
NET ASSETS 545,926 513,358

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 545,826 513,258
SHAREHOLDERS' FUNDS 545,926 513,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 August 2024 and were signed by:





N R Collinge - Director


Collinge Antiques Limited (Registered number: 08031619)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Collinge 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 presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest pound.

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.

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Interest receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Deprecation policy
Fixtures and fittings15% reducing balance
Motor vehicles25% 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.

Collinge Antiques Limited (Registered number: 08031619)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share capital
Ordinary shares are classed as equity.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes can in hand and cash held with the bank.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 June 2023
and 31 May 2024 418 6,548 47,322 54,288
DEPRECIATION
At 1 June 2023 116 5,452 30,935 36,503
Charge for year 45 164 4,107 4,316
At 31 May 2024 161 5,616 35,042 40,819
NET BOOK VALUE
At 31 May 2024 257 932 12,280 13,469
At 31 May 2023 302 1,096 16,387 17,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 33,421 47,992
Other debtors 98,381 86,714
131,802 134,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 1
Taxation and social security 54,108 26,893
Other creditors 5,870 7,289
59,978 34,183

Collinge Antiques Limited (Registered number: 08031619)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£ £
N R Collinge
Balance outstanding at start of year 29,747 222,096
Amounts advanced 1,667 2,969
Amounts repaid - (195,318 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,414 29,747

Interest was charged at HMRC's approved rates on the overdrawn director's loan account.

8. ULTIMATE CONTROLLING PARTY

The controlling party is N R Collinge.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Collinge Antiques Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Collinge Antiques Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Collinge Antiques Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Collinge Antiques Limited and state those matters that we have agreed to state to the director of Collinge Antiques Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Collinge Antiques Limited and its director for our work or for this report.

It is your duty to ensure that Collinge Antiques Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Collinge Antiques Limited. You consider that Collinge Antiques Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Collinge Antiques Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD


14 August 2024