IRIS Accounts Production v24.3.2.46 08608239 director 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086082392023-07-31086082392024-07-31086082392023-08-012024-07-31086082392022-07-31086082392022-08-012023-07-31086082392023-07-3108608239ns15:EnglandWales2023-08-012024-07-3108608239ns14:PoundSterling2023-08-012024-07-3108608239ns10:Director12023-08-012024-07-3108608239ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108608239ns10:SmallEntities2023-08-012024-07-3108608239ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108608239ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108608239ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108608239ns10:AbridgedAccounts2023-08-012024-07-310860823912023-08-012024-07-3108608239ns10:OrdinaryShareClass12023-08-012024-07-3108608239ns10:RegisteredOffice2023-08-012024-07-3108608239ns5:CurrentFinancialInstruments2024-07-3108608239ns5:CurrentFinancialInstruments2023-07-3108608239ns5:ShareCapital2024-07-3108608239ns5:ShareCapital2023-07-3108608239ns5:RetainedEarningsAccumulatedLosses2024-07-3108608239ns5:RetainedEarningsAccumulatedLosses2023-07-3108608239ns5:NetGoodwill2023-08-012024-07-3108608239ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3108608239ns5:ComputerEquipment2023-08-012024-07-3108608239ns5:DeferredTaxation2023-07-3108608239ns5:DeferredTaxation2023-08-012024-07-3108608239ns5:DeferredTaxation2024-07-3108608239ns10:OrdinaryShareClass12024-07-31
REGISTERED NUMBER: 08608239 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Was Gathering Dust Ltd
Trading as
RS Antiques

Was Gathering Dust Ltd (Registered number: 08608239)
Trading as RS Antiques






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Was Gathering Dust Ltd
Trading as RS Antiques

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R T Salthouse





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 08608239 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Was Gathering Dust Ltd (Registered number: 08608239)
Trading as RS Antiques

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67 90
67 90

CURRENT ASSETS
Stocks 25,500 31,000
Cash at bank 8,442 4,600
33,942 35,600
CREDITORS
Amounts falling due within one year 27,314 29,144
NET CURRENT ASSETS 6,628 6,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,695

6,546

PROVISIONS FOR LIABILITIES 6 13 17
NET ASSETS 6,682 6,529

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 6,582 6,429
SHAREHOLDERS' FUNDS 6,682 6,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Was Gathering Dust Ltd (Registered number: 08608239)
Trading as RS Antiques

Abridged Balance Sheet - continued
31 July 2024



The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





R T Salthouse - Director


Was Gathering Dust Ltd (Registered number: 08608239)
Trading as RS Antiques

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Was Gathering Dust Ltd 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, 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.

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.

Was Gathering Dust Ltd (Registered number: 08608239)
Trading as RS Antiques

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 10,000
AMORTISATION
At 1 August 2023
and 31 July 2024 10,000
NET BOOK VALUE

At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 894
DEPRECIATION
At 1 August 2023 804
Charge for year 23
At 31 July 2024 827
NET BOOK VALUE
At 31 July 2024 67
At 31 July 2023 90

6. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 13 17

Deferred
tax
£   
Balance at 1 August 2023 17
Provided during year (4 )
Balance at 31 July 2024 13

Was Gathering Dust Ltd (Registered number: 08608239)
Trading as RS Antiques

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100