Registered number
09550697
Conservatory Archives Ltd
Filleted Accounts
30 April 2024
Conservatory Archives Ltd
Registered number: 09550697
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 57,959 131,353
Current assets
Stocks 80,233 78,098
Debtors 4 241,923 250,681
Cash at bank and in hand 92,304 8,070
414,460 336,849
Creditors: amounts falling due within one year 5 (309,042) (294,263)
Net current assets 105,418 42,586
Total assets less current liabilities 163,377 173,939
Creditors: amounts falling due after more than one year 6 (124,418) (179,924)
Net assets/(liabilities) 38,959 (5,985)
Capital and reserves
Called up share capital 100 100
Profit and loss account 38,859 (6,085)
Shareholders' funds 38,959 (5,985)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Plazzotta, Esq
Director
Approved by the board on 13 January 2025
Conservatory Archives Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Leasehold land and buildings over 5 years
Fixtures and equipment over 4 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 16 17
3 Tangible fixed assets
Land and buildings Fixtures, equipment, plant & machinery Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 211,977 166,303 107,669 485,949
Additions - 4,296 - 4,296
At 30 April 2024 211,977 170,599 107,669 490,245
Depreciation
At 1 May 2023 170,497 109,344 74,755 354,596
Charge for the year 33,185 28,048 16,457 77,690
At 30 April 2024 203,682 137,392 91,212 432,286
Net book value
At 30 April 2024 8,295 33,207 16,457 57,959
At 30 April 2023 41,480 56,959 32,914 131,353
4 Debtors 2024 2023
£ £
Trade debtors 172,407 97,881
Other debtors 69,516 152,800
241,923 250,681
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 28,371 64,975
Obligations under finance lease and hire purchase contracts 20,225 11,368
Trade creditors 61,878 82,790
Taxation and social security costs 182,916 113,448
Other creditors 15,652 21,682
309,042 294,263
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 81,994 111,067
Obligations under finance lease and hire purchase contracts 42,424 68,857
124,418 179,924
Included in creditors is £256 (2023: £nil) owing to the directors. The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loans will only be repaid as and when cash flow permits.
7 Controlling party
The company is controlled by the directors who own the entire share capital of the company equally.
8 Other information
Conservatory Archives Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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