Company Registration No. 07622694 (England and Wales)
Sonning Vintage Watches Limited
Unaudited accounts
for the year ended 31 May 2024
Sonning Vintage Watches Limited
Unaudited accounts
Contents
Sonning Vintage Watches Limited
Company Information
for the year ended 31 May 2024
Directors
CJA Clark
Mrs LA Clark
Company Number
07622694 (England and Wales)
Sonning Vintage Watches Limited
Statement of financial position
as at 31 May 2024
Tangible assets
25,422
24,976
Inventories
308,944
413,891
Cash at bank and in hand
259,620
153,124
Creditors: amounts falling due within one year
(110,082)
(18,505)
Net current assets
475,184
569,304
Total assets less current liabilities
500,606
594,280
Creditors: amounts falling due after more than one year
(10,833)
(30,000)
Net assets
489,773
564,280
Called up share capital
100
100
Profit and loss account
489,673
564,180
Shareholders' funds
489,773
564,280
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by
CJA Clark
Director
Company Registration No. 07622694
Sonning Vintage Watches Limited
Notes to the Accounts
for the year ended 31 May 2024
Sonning Vintage Watches Limited is a private company, limited by shares, registered in England and Wales, registration number 07622694.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
straight line over 4 year
Fixtures & fittings
straight line over 4 year
Computer equipment
straight line over 4 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
44,342
1,639
3,790
49,771
At 31 May 2024
43,519
5,038
3,790
52,347
At 1 June 2023
21,345
530
2,920
24,795
Charge for the year
-
1,260
870
2,130
At 31 May 2024
21,345
1,790
3,790
26,925
At 31 May 2024
22,174
3,248
-
25,422
At 31 May 2023
22,997
1,109
870
24,976
Sonning Vintage Watches Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Amounts falling due after more than one year
Trade debtors
9,100
19,650
Accrued income and prepayments
6,755
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
-
Taxes and social security
-
13,827
Loans from directors
88,029
599
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).