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REGISTERED NUMBER: 00604273 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

ARGYLL ETKIN LIMITED

ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

ARGYLL ETKIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Miss P D Wills
P Frost
A D Cooke



SECRETARY: Miss P D Wills



REGISTERED OFFICE: 1 Wardour Street
London
W1D 6PA



REGISTERED NUMBER: 00604273 (England and Wales)



ACCOUNTANTS: Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA



BANKERS: HSBC Bank Plc
Barclays Bank Plc
Santander UK Plc
National Austrlia Bank Ltd

ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,913 63,943

CURRENT ASSETS
Stocks 1,475,200 1,545,064
Debtors 5 77,686 58,138
Cash at bank and in hand 155,600 52,682
1,708,486 1,655,884
CREDITORS
Amounts falling due within one year 6 547,358 529,268
NET CURRENT ASSETS 1,161,128 1,126,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,224,041

1,190,559

PROVISIONS FOR LIABILITIES 8 717 717
NET ASSETS 1,223,324 1,189,842

CAPITAL AND RESERVES
Called up share capital 157,895 157,895
Share premium 34,210 34,210
Revaluation reserve 9 70,166 70,166
Retained earnings 961,053 927,571
SHAREHOLDERS' FUNDS 1,223,324 1,189,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

BALANCE SHEET - continued
30 JUNE 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 24 February 2025 and were signed on its behalf by:





A D Cooke - Director


ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Argyll Etkin 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain fixed assets and applicable Accounting Standards in the United Kingdom.

The financial statements are presented in UK Pound Sterling.

Turnover
Turnover represents net invoiced sales of goods and goods sold by auction on behalf of customers, excluding discounts, rebate and value added tax.

Tangible fixed assets
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant & Machinery25% Reducing balance method
Fixture & Fittings25% Reducing balance method
Library 2% Reducing Balance method
Leasehold property Over the life of lease

Stocks
Stocks are valued at the lower of cost and selling price less selling costs, 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.


ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

Trade and other debtors
Trade debtors are amounts due from customers for services provided in the ordinary course of business. Trade debtors are recognised at the undiscounted amount of cash receivable, which is normally the invoice price, less any allowances for doubtful debts.

Government grants
Grants are accounted under the accruals model as permitted by FRS102. Grants of a revenue nature, including coronavirus Job retention scheme are recognized within other operating income in the profit and loss account in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 July 2023 183,153
Additions 1,341
At 30 June 2024 184,494
DEPRECIATION
At 1 July 2023 119,210
Charge for year 2,371
At 30 June 2024 121,581
NET BOOK VALUE
At 30 June 2024 62,913
At 30 June 2023 63,943

Cost or valuation at 30 June 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2020 70,166
Cost 114,328
184,494

If Library reference material had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 57,590 57,272
Aggregate depreciation 21,631 20,154

ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,821 10,052
Other debtors 43,865 48,086
77,686 58,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,135 125,253
Trade creditors 151,536 42,628
Taxation and social security 31,790 10,778
Other creditors 355,897 350,609
547,358 529,268

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 8,135 125,253

Bank Loan/overdraft is secured against the assets and stocks of the company.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 717 717

Deferred
tax
£   
Balance at 1 July 2023 717
Balance at 30 June 2024 717

ARGYLL ETKIN LIMITED (REGISTERED NUMBER: 00604273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 70,166

10. OTHER FINANCIAL COMMITMENTS

The Company leases a building under an operating lease which will expire on 29th of June 2025.

The total minimum lease payments under non-cancellable operating leases are payable as follows:-

Land and Buildings
20242023
Expiry date: ££
Within one year 68,80068,800
After one year but within five years-68,800
68,800137,600

11. RELATED PARTY DISCLOSURES

The director Mr Adam Cooke provided a loan of £340,772 (2023 £340,772) during the year.

12. ULTIMATE CONTROLLING PARTY

Mr. Adam Cooke is the controlling party by virtue of his shareholdings.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ARGYLL ETKIN LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Argyll Etkin Limited for the year ended 30 June 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

Our work has been undertaken in accordance with ICAEW Technical Release 07/16AAF.






Ward Divecha Limited
Chartered Accountants &
Statutory Auditors
29 Welbeck Street
London
W1G 8DA


24 February 2025