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REGISTERED NUMBER: 03005116 (England and Wales)














Unaudited Financial Statements

for the Year Ended 27 June 2024

for

Antiques Within Limited

Antiques Within Limited (Registered number: 03005116)






Contents of the Financial Statements
for the Year Ended 27 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Antiques Within Limited (Registered number: 03005116)

Balance Sheet
27 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,645 322,863

CURRENT ASSETS
Debtors 5 74,623 113,166
Cash at bank 33,111 16,744
107,734 129,910
CREDITORS
Amounts falling due within one year 6 80,886 72,700
NET CURRENT ASSETS 26,848 57,210
TOTAL ASSETS LESS CURRENT LIABILITIES 345,493 380,073

CREDITORS
Amounts falling due after more than one year 7 (115,514 ) (180,515 )

PROVISIONS FOR LIABILITIES (39,082 ) (39,129 )
NET ASSETS 190,897 160,429

CAPITAL AND RESERVES
Called up share capital 101 101
Revaluation reserve 9 106,544 107,365
Retained earnings 84,252 52,963
SHAREHOLDERS' FUNDS 190,897 160,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Mr R W Hicks - Director


Antiques Within Limited (Registered number: 03005116)

Notes to the Financial Statements
for the Year Ended 27 June 2024

1. STATUTORY INFORMATION

Antiques Within Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03005116

Registered office: 50 Wettenhall Drive
Leek
Staffordshire
ST13 8HU

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced by service contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

The freehold property is stated at open market value and is revalued periodically. Surpluses on revaluation are transferred to the revaluation reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Antiques Within Limited (Registered number: 03005116)

Notes to the Financial Statements - continued
for the Year Ended 27 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 28 June 2023 175,000 27,572 318,269 3,566 524,407
Additions - 6,037 35,490 217 41,744
At 27 June 2024 175,000 33,609 353,759 3,783 566,151
DEPRECIATION
At 28 June 2023 - 20,267 178,565 2,712 201,544
Charge for year - 2,002 43,799 161 45,962
At 27 June 2024 - 22,269 222,364 2,873 247,506
NET BOOK VALUE
At 27 June 2024 175,000 11,340 131,395 910 318,645
At 27 June 2023 175,000 7,305 139,704 854 322,863

Cost or valuation at 27 June 2024 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 2015 77,936 - - - 77,936
Cost 97,064 33,609 353,759 3,783 488,215
175,000 33,609 353,759 3,783 566,151

The freehold property is stated at its open market value at 27th June 2024, as estimated by the company's directors.

Antiques Within Limited (Registered number: 03005116)

Notes to the Financial Statements - continued
for the Year Ended 27 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 28 June 2023 174,566
Additions 35,490
At 27 June 2024 210,056
DEPRECIATION
At 28 June 2023 71,513
Charge for year 34,636
At 27 June 2024 106,149
NET BOOK VALUE
At 27 June 2024 103,907
At 27 June 2023 103,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,087 103,297
Other debtors 14,536 9,869
74,623 113,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 38,812 30,355
Trade creditors 931 13,193
Taxation and social security 31,384 12,659
Other creditors 9,759 16,493
80,886 72,700

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 66,307 78,936
Other creditors 49,207 101,579
115,514 180,515

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 105,119 109,291

Antiques Within Limited (Registered number: 03005116)

Notes to the Financial Statements - continued
for the Year Ended 27 June 2024

9. RESERVES
Revaluation
reserve
£   
At 28 June 2023 107,365
Revaluation reserve (821 )

At 27 June 2024 106,544