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Antique Church Furnishings Limited
Registered Number:04471588
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
04471588
As at 31 March 2024
Antique Church Furnishings Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
12,150
17,875
3
12,150
17,875
Current assets
Inventories
23,855
27,070
4
Trade and other receivables
5,262
14,376
5
90,358
Cash and cash equivalents
87,110
128,556
119,475
Trade and other payables: amounts falling due within one
year
(26,670)
(42,495)
6
92,805
86,061
Net current assets
Total assets less current liabilities
98,211
110,680
(255)
(255)
Provisions for liabilities
97,956
Net assets
110,425
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
96,956
109,425
97,956
110,425
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Lawrence Skilling Director
These financial statements were approved and authorised for issue by the Board on 09 November 2024 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 March 2024
Antique Church Furnishings Limited
Notes to the Financial Statements
Statutory Information
Antique Church Furnishings Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04471588.
Principal place of business:
Ground Floor 66
High Street
Lewes
BN7 1XG
Registered address:
Ground Floor
66 High Street
Lewes
BN7 1XG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
10% Straight line
Plant and Machinery
20% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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4
For the year ended 31 March 2024
Antique Church Furnishings Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
10,000
At 31 March 2024
10,000
Amortisation
At 01 April 2023
10,000
At 31 March 2024
10,000
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 April 2023
68,150
2,075
7,400
7,900
50,775
At 31 March 2024
7,900
7,400
2,075
68,150
50,775
Provision for depreciation and impairment
At 01 April 2023
50,275
2,075
6,159
6,299
35,742
Charge for year
5,725
-
248
400
5,077
At 31 March 2024
56,000
2,075
6,407
6,699
40,819
At 31 March 2024
Net book value
9,956
1,201
993
-
12,150
At 31 March 2023
15,033
1,601
1,241
-
17,875
4. Inventories
2023
2024
£
£
Stocks
27,070
23,855
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5
For the year ended 31 March 2024
Antique Church Furnishings Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
4,723
2,142
Other debtors
9,653
3,120
5,262
14,376
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
12
12
Trade creditors
7,624
5,493
Taxation and social security
33,509
19,865
Other creditors
1,350
1,300
42,495
26,670
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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