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REGISTERED NUMBER: SC133960 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Roger Billcliffe Fine Art Limited

Roger Billcliffe Fine Art Limited (Registered number: SC133960)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Roger Billcliffe Fine Art Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Roger Billcliffe
Michael Corsar





SECRETARY: Roger Billcliffe





REGISTERED OFFICE: 185B Bath Street
GLASGOW
G2 4HU





REGISTERED NUMBER: SC133960 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Roger Billcliffe Fine Art Limited (Registered number: SC133960)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,553 19,895

CURRENT ASSETS
Stocks 29,141 45,262
Debtors 5 5,010 8,971
Cash at bank and in hand 45,397 56,003
79,548 110,236
CREDITORS
Amounts falling due within one year 6 80,867 108,215
NET CURRENT (LIABILITIES)/ASSETS (1,319 ) 2,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,234

21,916

CAPITAL AND RESERVES
Called up share capital 55,000 55,000
Retained earnings (39,766 ) (33,084 )
SHAREHOLDERS' FUNDS 15,234 21,916

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

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

Roger Billcliffe Fine Art Limited (Registered number: SC133960)

Balance Sheet - continued
31 December 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 29 July 2024 and were signed on its behalf by:





Roger Billcliffe - Director


Roger Billcliffe Fine Art Limited (Registered number: SC133960)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Roger Billcliffe Fine Art Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 the amount receivable for the provision of goods and services falling within the company's ordinary activities, 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.
Long leasehold - over the term of the lease
Plant and machinery - 20% on cost
Fixtures and fittings - 5% on cost
Website - 33% 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.

Roger Billcliffe Fine Art Limited (Registered number: SC133960)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Website Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 14,724 25,036 11,713 24,931 76,404
DEPRECIATION
At 1 January 2023 - 20,081 11,497 24,931 56,509
Charge for year 1,474 1,652 216 - 3,342
At 31 December 2023 1,474 21,733 11,713 24,931 59,851
NET BOOK VALUE
At 31 December 2023 13,250 3,303 - - 16,553
At 31 December 2022 14,724 4,955 216 - 19,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 4,130 3,757
Other debtors 880 5,214
5,010 8,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 72,072 100,045
Taxation and social security 8,795 8,170
80,867 108,215