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REGISTERED NUMBER: 00969828 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ANTONE DISPLAYS LIMITED

ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANTONE DISPLAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr C Parker
Mr MG Ransom



SECRETARY: Mr C Parker



REGISTERED OFFICE: Key House
Wanstead Road
Leicester
Leicestershire
LE3 1TR



REGISTERED NUMBER: 00969828 (England and Wales)



BANKERS: HSBC Bank plc
2-6 Gallowtree Gate
Leicester
Leicestershire
LE1 6DA

ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375,744 123,020
Investments 5 - 469,347
375,744 592,367

CURRENT ASSETS
Stocks 6 20,006 20,144
Debtors 7 1,445,345 2,393,442
Cash at bank and in hand 1,585,515 1,086,710
3,050,866 3,500,296
CREDITORS
Amounts falling due within one year 8 1,602,907 2,073,737
NET CURRENT ASSETS 1,447,959 1,426,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,823,703

2,018,926

PROVISIONS FOR LIABILITIES 92,209 28,439
NET ASSETS 1,731,494 1,990,487

CAPITAL AND RESERVES
Called up share capital 42,500 42,500
Retained earnings 1,688,994 1,947,987
SHAREHOLDERS' FUNDS 1,731,494 1,990,487

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 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.

ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

BALANCE SHEET - continued
31 MAY 2024


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 28 October 2024 and were signed on its behalf by:




Mr MG Ransom - Director



Mr C Parker - Director


ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Antone Displays 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 (£).


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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value less estimated rebates, returns, settlement discounts and adjustments for contracts not completed.

The company supplies products to customers from its manufacturing sites and warehouses and installs them at its clients' premises, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be when goods have been fully installed.

No profit is recognised until all work is finished as until a project is complete no entitlement to revenue is assured. Revenue on incomplete contracts is therefore only recognised to the extent that it matches the costs that have been incurred and is shown within amounts recoverable on contracts.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20-50% on a straight line basis
Motor vehicles - 33% on cost

Fixed asset investments are recognised in the balance sheet at market value. Market value best represents a true and fair view of the value of these assets to the company. The investments are not depreciated and any gains or losses are recognised in the statement of profit and loss during the year.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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 taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed asset investments
Fixed asset investments are stated at their fair value at the balance sheet date. Their original cost is shown as a note.

All gains and losses on revaluations and disposals are taken to the Income Statement.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Operating leases
Rentals paid under operating leases are charged to profit and loss on straight line basis over the period of lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2023 - 65 ) .

ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 1,104,462 1,600 1,106,062
Additions 275,590 50,530 326,120
Disposals (148,541 ) - (148,541 )
At 31 May 2024 1,231,511 52,130 1,283,641
DEPRECIATION
At 1 June 2023 981,445 1,597 983,042
Charge for year 67,336 5,302 72,638
Eliminated on disposal (147,783 ) - (147,783 )
At 31 May 2024 900,998 6,899 907,897
NET BOOK VALUE
At 31 May 2024 330,513 45,231 375,744
At 31 May 2023 123,017 3 123,020

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans - 469,347

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 June 2023 467,765
Additions 637
Disposals (453,431 )
Revaluations (14,971 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 467,765

ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2023 467,765
Valuation in 2024 (467,765 )

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Cash and settlements pending - 1,582

6. STOCKS
2024 2023
£    £   
Stocks and raw materials 20,006 20,144

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 964,460 1,104,954
Amounts owed by group undertakings 450 -
Amounts recoverable on contract 294,686 1,140,075
Other debtors 185,749 148,413
1,445,345 2,393,442

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 575,005 533,294
Taxation and social security 273,667 422,711
Other creditors 754,235 1,117,732
1,602,907 2,073,737

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 120,371 947
Between one and five years 377,428 438,869
497,799 439,816

ANTONE DISPLAYS LIMITED (REGISTERED NUMBER: 00969828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


10. PENSION COMMITMENTS

The company operates a pension scheme. The assets of the scheme are held separately from those of the company within independently administered funds. The charge for the year was £107,710 (2023 - £90,028). Contributions of £6,907 (2023 - £6,544) were unpaid at the year end.

11. RELATED PARTY DISCLOSURES

During the year the company paid Parker Ransom Limited £120,000 (2023 - £120,000) for rent. At the year end the company owed £4,066 (2023 - £2,914) to Parker Ransom Limited.

Mr C Parker and Mr MG Ransom are directors of Parker Ransom Limited.

At the year end the company owed the directors £106,745 (2023 - £117,945) on their loan accounts.

12. ULTIMATE PARENT COMPANY

The ultimate parent undertaking of the company is Antone Displays Holdings Limited. The registered office and principal place of business of Antone Displays Holdings Limited is Key House, Wanstead Road, Leicester, LE3 1TR.

The company is the subsidiary undertaking of a small group and as such is not required by the companies Act 2006 to prepare group accounts.