7 7 Antiference Limited 00336260 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is marketing and distribution of consumer durable products: TV and radio accessories Digita Accounts Production Advanced 6.30.9574.0 true true true 00336260 2024-01-01 2024-12-31 00336260 2024-12-31 00336260 core:CurrentFinancialInstruments 2024-12-31 00336260 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00336260 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 00336260 core:FurnitureFittingsToolsEquipment 2024-12-31 00336260 core:MotorVehicles 2024-12-31 00336260 bus:SmallEntities 2024-01-01 2024-12-31 00336260 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00336260 bus:FilletedAccounts 2024-01-01 2024-12-31 00336260 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00336260 bus:RegisteredOffice 2024-01-01 2024-12-31 00336260 bus:Director1 2024-01-01 2024-12-31 00336260 bus:Director10 2024-01-01 2024-12-31 00336260 bus:Director11 2024-01-01 2024-12-31 00336260 bus:Director2 2024-01-01 2024-12-31 00336260 bus:Director9 2024-01-01 2024-12-31 00336260 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00336260 bus:Agent1 2024-01-01 2024-12-31 00336260 core:ComputerEquipment 2024-01-01 2024-12-31 00336260 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 00336260 core:MotorCars 2024-01-01 2024-12-31 00336260 core:MotorVehicles 2024-01-01 2024-12-31 00336260 core:PlantMachinery 2024-01-01 2024-12-31 00336260 1 2024-01-01 2024-12-31 00336260 countries:England 2024-01-01 2024-12-31 00336260 2023-12-31 00336260 core:FurnitureFittingsToolsEquipment 2023-12-31 00336260 core:MotorVehicles 2023-12-31 00336260 2023-01-01 2023-12-31 00336260 2023-12-31 00336260 core:CurrentFinancialInstruments 2023-12-31 00336260 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00336260 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 00336260 core:FurnitureFittingsToolsEquipment 2023-12-31 00336260 core:MotorVehicles 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 00336260

Antiference Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Antiference Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Antiference Limited

Company Information

Directors

Mr Kazinierz Bialecki

Mrs Helena Bialecki

Mr Martin Jackson

Mr Trevor John Paintain

Mr Daniel Winterton

Registered office

Unit 2
Common lane
Fradley Park
Lichfield
Staffordshire
WS13 8NQ

Accountants

David Evans & Co Limited
Business & Tax AdvisorsStowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

 

Antiference Limited

(Registration number: 00336260)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,309

29,756

Current assets

 

Stocks

5

1,681,467

1,447,219

Debtors

592,901

622,798

Cash at bank and in hand

 

40,187

15,329

 

2,314,555

2,085,346

Prepayments and accrued income

 

20,328

25,205

Creditors: Amounts falling due within one year

(762,771)

(629,929)

Net current assets

 

1,572,112

1,480,622

Total assets less current liabilities

 

1,595,421

1,510,378

Creditors: Amounts falling due after more than one year

(876,957)

(866,893)

Accruals and deferred income

 

(11,587)

(4,179)

Net assets

 

706,877

639,306

Capital and reserves

 

Called up share capital

25,025

25,025

Capital redemption reserve

98,000

98,000

Retained earnings

583,852

516,281

Shareholders' funds

 

706,877

639,306

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Antiference Limited

(Registration number: 00336260)
Abridged Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 12 March 2025 and signed on its behalf by:
 

.........................................
Mr Trevor John Paintain
Director

 

Antiference Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 2
Common lane
Fradley Park
Lichfield
Staffordshire
WS13 8NQ

These financial statements were authorised for issue by the Board on 12 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liablities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

Antiference Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line method

Fixtures and fittings

20% straight line method

Motor Vehicles

25% straight line method

Office equipment

20% straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Antiference Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Trade 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 current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

 

Antiference Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

56,030

11,270

67,300

Additions

4,394

-

4,394

Disposals

(1,494)

-

(1,494)

At 31 December 2024

58,930

11,270

70,200

Depreciation

At 1 January 2024

26,275

11,269

37,544

Charge for the year

10,645

-

10,645

Eliminated on disposal

(1,298)

-

(1,298)

At 31 December 2024

35,622

11,269

46,891

Carrying amount

At 31 December 2024

23,308

1

23,309

At 31 December 2023

29,755

1

29,756

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

(27,976)

-

Other inventories

1,709,443

1,447,219

1,681,467

1,447,219

6