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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

A. CLAYTON-PAYNE & CO LIMITED

A. CLAYTON-PAYNE & CO LIMITED (REGISTERED NUMBER: 07436885)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A. CLAYTON-PAYNE & CO LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: Mr A C Clayton-Payne
Mrs G Clayton-Payne





REGISTERED OFFICE: Unit 1, St Stephens Court
15 - 17 St Stephens Road
Bournemouth
Dorset
BH2 6LA





REGISTERED NUMBER: 07436885 (England and Wales)






A. CLAYTON-PAYNE & CO LIMITED (REGISTERED NUMBER: 07436885)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 89,498 123,083

CURRENT ASSETS
Stocks 854,935 826,649
Debtors 5 338,997 36,223
Cash at bank 244,119 539,924
1,438,051 1,402,796
CREDITORS
Amounts falling due within one year 6 79,918 78,440
NET CURRENT ASSETS 1,358,133 1,324,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,447,631

1,447,439

PROVISIONS FOR LIABILITIES 14,338 18,332
NET ASSETS 1,433,293 1,429,107

CAPITAL AND RESERVES
Called up share capital 7 89,002 89,002
Retained earnings 1,344,291 1,340,105
SHAREHOLDERS' FUNDS 1,433,293 1,429,107

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

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

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mr A C Clayton-Payne - Director


A. CLAYTON-PAYNE & CO LIMITED (REGISTERED NUMBER: 07436885)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

A. Clayton-Payne & Co Limited 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.

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 represents net invoiced sales of art works, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Gallery fixtures and fittings - 10% on cost
Office equipment - 25% on reducing balance
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

A. CLAYTON-PAYNE & CO LIMITED (REGISTERED NUMBER: 07436885)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Gallery
fixtures
and Office Motor
fittings equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2024 123,455 23,560 28,500 175,515
Disposals - - (28,500 ) (28,500 )
At 31 December 2024 123,455 23,560 - 147,015
DEPRECIATION
At 1 January 2024 24,476 19,742 8,214 52,432
Charge for year 12,345 954 - 13,299
Eliminated on disposal - - (8,214 ) (8,214 )
At 31 December 2024 36,821 20,696 - 57,517
NET BOOK VALUE
At 31 December 2024 86,634 2,864 - 89,498
At 31 December 2023 98,979 3,818 20,286 123,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 608 28,900
Other debtors 338,389 7,323
338,997 36,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,377 9,459
Taxation and social security 43,116 53,994
Other creditors 15,425 14,987
79,918 78,440

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
89,002 Ordinary £1.00 89,002 89,002