Company Registration No. 12495448 (England and Wales)
Argent Classics Limited
Unaudited accounts
for the year ended 31 May 2024
Argent Classics Limited
Unaudited accounts
Contents
Argent Classics Limited
Company Information
for the year ended 31 May 2024
Company Number
12495448 (England and Wales)
Registered Office
36 Savile Row
London
London
W1S 3QB
England
Argent Classics Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
902
Creditors: amounts falling due within one year
(695,755)
Net current liabilities
(502,842)
Total assets less current liabilities
(475,835)
Creditors: amounts falling due after more than one year
(30,425)
Called up share capital
100
Profit and loss account
(641,360)
Shareholders' funds
(506,260)
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 director acknowledges his 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 and authorised for issue on 30 May 2025 and were signed on its behalf by
Dean John ARGENT
Director
Company Registration No. 12495448
Argent Classics Limited
Notes to the Accounts
for the year ended 31 May 2024
Argent Classics Limited is a private company, limited by shares, registered in England and Wales, registration number 12495448. The registered office is 36 Savile Row, London, London, W1S 3QB, England.
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.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 June 2023
13,697
9,252
16,855
27,187
1,394
68,385
At 31 May 2024
13,697
9,252
16,855
27,187
1,394
68,385
At 1 June 2023
-
5,397
14,513
20,632
836
41,378
At 31 May 2024
-
5,397
14,513
20,632
836
41,378
At 31 May 2024
13,697
3,855
2,342
6,555
558
27,007
Argent Classics Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
248
Accrued income and prepayments
35,658
6
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
104,287
Amounts owed to group undertakings and other participating interests
59,166
Taxes and social security
34,698
Loans from directors
353,417
7
Creditors: amounts falling due after more than one year
2024
Amounts owed to group undertakings and other participating interests
30,425
8
Average number of employees
During the year the average number of employees was 2.