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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
Page
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Argent Classics Limited Company Information for the year ended 31 May 2024
Director
Dean John ARGENT
Company Number
12495448 (England and Wales)
Registered Office
36 Savile Row London London W1S 3QB England
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Argent Classics Limited Statement of financial position as at 31 May 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
27,007 
Current assets
Inventories
88,300 
Debtors
103,711 
Cash at bank and in hand
902 
192,913 
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)
Net liabilities
(506,260)
Capital and reserves
Called up share capital
100 
Share premium
135,000 
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
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Argent Classics Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
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:
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 
Depreciation
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 
Net book value
At 31 May 2024
13,697 
3,855 
2,342 
6,555 
558 
27,007 
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Argent Classics Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
(12,224)
Trade debtors
6,189 
Amounts due from group undertakings etc.
248 
Accrued income and prepayments
35,658 
Other debtors
73,840 
103,711 
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
104,287 
Trade creditors
130,728 
Amounts owed to group undertakings and other participating interests
59,166 
Taxes and social security
34,698 
Other creditors
(761)
Loans from directors
353,417 
Accruals
14,220 
695,755 
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.
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