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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
Page
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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)
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Sonning Vintage Watches Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,422 
24,976 
Current assets
Inventories
308,944 
413,891 
Debtors
16,702 
20,794 
Cash at bank and in hand
259,620 
153,124 
585,266 
587,809 
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 
Capital and reserves
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
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Sonning Vintage Watches Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
3,399 
- 
3,399 
Disposals
(823)
- 
- 
(823)
At 31 May 2024
43,519 
5,038 
3,790 
52,347 
Depreciation
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 
Net book value
At 31 May 2024
22,174 
3,248 
- 
25,422 
At 31 May 2023
22,997 
1,109 
870 
24,976 
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Sonning Vintage Watches Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,144 
Amounts falling due after more than one year
Trade debtors
9,100 
19,650 
Accrued income and prepayments
6,755 
- 
Other debtors
847 
- 
16,702 
19,650 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
2,181 
- 
Trade creditors
- 
1,084 
Taxes and social security
- 
13,827 
Loans from directors
88,029 
599 
Accruals
9,872 
2,995 
110,082 
18,505 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,833 
30,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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