2023-02-012024-01-312024-01-31false09962427ALEXANDER MILLAR FINE ART LTD2024-10-1490030iso4217:GBPxbrli:pure099624272023-02-01099624272024-01-31099624272023-02-012024-01-31099624272022-02-01099624272023-01-31099624272022-02-012023-01-3109962427bus:SmallEntities2023-02-012024-01-3109962427bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3109962427bus:FullAccounts2023-02-012024-01-3109962427bus:PrivateLimitedCompanyLtd2023-02-012024-01-3109962427core:WithinOneYear2024-01-3109962427core:AfterOneYear2024-01-3109962427core:WithinOneYear2023-01-3109962427core:AfterOneYear2023-01-3109962427core:ShareCapital2024-01-3109962427core:SharePremium2024-01-3109962427core:RevaluationReserve2024-01-3109962427core:OtherReservesSubtotal2024-01-3109962427core:RetainedEarningsAccumulatedLosses2024-01-3109962427core:ShareCapital2023-01-3109962427core:SharePremium2023-01-3109962427core:RevaluationReserve2023-01-3109962427core:OtherReservesSubtotal2023-01-3109962427core:RetainedEarningsAccumulatedLosses2023-01-3109962427core:LandBuildings2024-01-3109962427core:PlantMachinery2024-01-3109962427core:Vehicles2024-01-3109962427core:FurnitureFittings2024-01-3109962427core:OfficeEquipment2024-01-3109962427core:NetGoodwill2024-01-3109962427core:IntangibleAssetsOtherThanGoodwill2024-01-3109962427core:ListedExchangeTraded2024-01-3109962427core:UnlistedNon-exchangeTraded2024-01-3109962427core:LandBuildings2023-01-3109962427core:PlantMachinery2023-01-3109962427core:Vehicles2023-01-3109962427core:FurnitureFittings2023-01-3109962427core:OfficeEquipment2023-01-3109962427core:NetGoodwill2023-01-3109962427core:IntangibleAssetsOtherThanGoodwill2023-01-3109962427core:ListedExchangeTraded2023-01-3109962427core:UnlistedNon-exchangeTraded2023-01-3109962427core:LandBuildings2023-02-012024-01-3109962427core:PlantMachinery2023-02-012024-01-3109962427core:Vehicles2023-02-012024-01-3109962427core:FurnitureFittings2023-02-012024-01-3109962427core:OfficeEquipment2023-02-012024-01-3109962427core:NetGoodwill2023-02-012024-01-3109962427core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109962427core:ListedExchangeTraded2023-02-012024-01-3109962427core:UnlistedNon-exchangeTraded2023-02-012024-01-3109962427core:MoreThanFiveYears2023-02-012024-01-3109962427core:Non-currentFinancialInstruments2024-01-3109962427core:Non-currentFinancialInstruments2023-01-3109962427dpl:CostSales2023-02-012024-01-3109962427dpl:DistributionCosts2023-02-012024-01-3109962427core:LandBuildings2023-02-012024-01-3109962427core:PlantMachinery2023-02-012024-01-3109962427core:Vehicles2023-02-012024-01-3109962427core:FurnitureFittings2023-02-012024-01-3109962427core:OfficeEquipment2023-02-012024-01-3109962427dpl:AdministrativeExpenses2023-02-012024-01-3109962427core:NetGoodwill2023-02-012024-01-3109962427core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109962427dpl:GroupUndertakings2023-02-012024-01-3109962427dpl:ParticipatingInterests2023-02-012024-01-3109962427dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3109962427core:ListedExchangeTraded2023-02-012024-01-3109962427dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3109962427core:UnlistedNon-exchangeTraded2023-02-012024-01-3109962427dpl:CostSales2022-02-012023-01-3109962427dpl:DistributionCosts2022-02-012023-01-3109962427core:LandBuildings2022-02-012023-01-3109962427core:PlantMachinery2022-02-012023-01-3109962427core:Vehicles2022-02-012023-01-3109962427core:FurnitureFittings2022-02-012023-01-3109962427core:OfficeEquipment2022-02-012023-01-3109962427dpl:AdministrativeExpenses2022-02-012023-01-3109962427core:NetGoodwill2022-02-012023-01-3109962427core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3109962427dpl:GroupUndertakings2022-02-012023-01-3109962427dpl:ParticipatingInterests2022-02-012023-01-3109962427dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3109962427core:ListedExchangeTraded2022-02-012023-01-3109962427dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3109962427core:UnlistedNon-exchangeTraded2022-02-012023-01-3109962427core:NetGoodwill2024-01-3109962427core:IntangibleAssetsOtherThanGoodwill2024-01-3109962427core:LandBuildings2024-01-3109962427core:PlantMachinery2024-01-3109962427core:Vehicles2024-01-3109962427core:FurnitureFittings2024-01-3109962427core:OfficeEquipment2024-01-3109962427core:AfterOneYear2024-01-3109962427core:WithinOneYear2024-01-3109962427core:ListedExchangeTraded2024-01-3109962427core:UnlistedNon-exchangeTraded2024-01-3109962427core:ShareCapital2024-01-3109962427core:SharePremium2024-01-3109962427core:RevaluationReserve2024-01-3109962427core:OtherReservesSubtotal2024-01-3109962427core:RetainedEarningsAccumulatedLosses2024-01-3109962427core:NetGoodwill2023-01-3109962427core:IntangibleAssetsOtherThanGoodwill2023-01-3109962427core:LandBuildings2023-01-3109962427core:PlantMachinery2023-01-3109962427core:Vehicles2023-01-3109962427core:FurnitureFittings2023-01-3109962427core:OfficeEquipment2023-01-3109962427core:AfterOneYear2023-01-3109962427core:WithinOneYear2023-01-3109962427core:ListedExchangeTraded2023-01-3109962427core:UnlistedNon-exchangeTraded2023-01-3109962427core:ShareCapital2023-01-3109962427core:SharePremium2023-01-3109962427core:RevaluationReserve2023-01-3109962427core:OtherReservesSubtotal2023-01-3109962427core:RetainedEarningsAccumulatedLosses2023-01-3109962427core:NetGoodwill2022-02-0109962427core:IntangibleAssetsOtherThanGoodwill2022-02-0109962427core:LandBuildings2022-02-0109962427core:PlantMachinery2022-02-0109962427core:Vehicles2022-02-0109962427core:FurnitureFittings2022-02-0109962427core:OfficeEquipment2022-02-0109962427core:AfterOneYear2022-02-0109962427core:WithinOneYear2022-02-0109962427core:ListedExchangeTraded2022-02-0109962427core:UnlistedNon-exchangeTraded2022-02-0109962427core:ShareCapital2022-02-0109962427core:SharePremium2022-02-0109962427core:RevaluationReserve2022-02-0109962427core:OtherReservesSubtotal2022-02-0109962427core:RetainedEarningsAccumulatedLosses2022-02-0109962427core:AfterOneYear2023-02-012024-01-3109962427core:WithinOneYear2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3109962427core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3109962427core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3109962427core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3109962427core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3109962427core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3109962427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3109962427core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3109962427core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3109962427core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3109962427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3109962427core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3109962427bus:Director12023-02-012024-01-31

ALEXANDER MILLAR FINE ART LTD

Registered Number
09962427
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

ALEXANDER MILLAR FINE ART LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

MILLAR, Alexander Jardine

Registered Address

Suite 2.05 Swans Centre For Innovation
Station Road
Wallsend
NE28 6EQ

Registered Number

09962427 (England and Wales)
ALEXANDER MILLAR FINE ART LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37,4679,451
7,4679,451
Current assets
Stocks440,000-
Debtors8,665243
Cash at bank and on hand2,11345,125
50,77845,368
Creditors amounts falling due within one year5(65,444)(46,827)
Net current assets (liabilities)(14,666)(1,459)
Total assets less current liabilities(7,199)7,992
Net assets(7,199)7,992
Capital and reserves
Called up share capital11
Profit and loss account(7,200)7,991
Shareholders' funds(7,199)7,992
The financial statements were approved and authorised for issue by the Director on 14 October 2024, and are signed on its behalf by:
MILLAR, Alexander Jardine
Director
Registered Company No. 09962427
ALEXANDER MILLAR FINE ART LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles20
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 February 2342,8852,32745,212
At 31 January 2442,8852,32745,212
Depreciation and impairment
At 01 February 2334,1381,62335,761
Charge for year1,7492351,984
At 31 January 2435,8871,85837,745
Net book value
At 31 January 246,9984697,467
At 31 January 238,7477049,451
4.Stocks

2024

2023

££
Finished goods40,000-
Total40,000-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,99120,000
Bank borrowings and overdrafts30,674449
Taxation and social security15,77024,488
Other creditors809690
Accrued liabilities and deferred income1,2001,200
Total65,44446,827
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.