Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03271639 2024-04-01 2025-03-31 03271639 2023-04-01 2024-03-31 03271639 2025-03-31 03271639 2024-03-31 03271639 c:Director2 2024-04-01 2025-03-31 03271639 d:Buildings 2024-04-01 2025-03-31 03271639 d:Buildings 2025-03-31 03271639 d:Buildings 2024-03-31 03271639 d:PlantMachinery 2024-04-01 2025-03-31 03271639 d:PlantMachinery 2025-03-31 03271639 d:PlantMachinery 2024-03-31 03271639 d:MotorVehicles 2024-04-01 2025-03-31 03271639 d:MotorVehicles 2025-03-31 03271639 d:MotorVehicles 2024-03-31 03271639 d:OfficeEquipment 2024-04-01 2025-03-31 03271639 d:OfficeEquipment 2025-03-31 03271639 d:OfficeEquipment 2024-03-31 03271639 d:ComputerEquipment 2024-04-01 2025-03-31 03271639 d:ComputerEquipment 2025-03-31 03271639 d:ComputerEquipment 2024-03-31 03271639 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03271639 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03271639 d:CurrentFinancialInstruments 2025-03-31 03271639 d:CurrentFinancialInstruments 2024-03-31 03271639 d:Non-currentFinancialInstruments 2025-03-31 03271639 d:Non-currentFinancialInstruments 2024-03-31 03271639 c:FRS102 2024-04-01 2025-03-31 03271639 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03271639 c:FullAccounts 2024-04-01 2025-03-31 03271639 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03271639 2 2024-04-01 2025-03-31 03271639 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 03271639










AFTER THE ANTIQUE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
AFTER THE ANTIQUE LIMITED
REGISTERED NUMBER: 03271639

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Fixed assets
  

Tangible assets
 5 
-
201

  
-
201

Current assets
  

Stocks
  
46,617
54,282

Debtors: amounts falling due within one year
 6 
132,077
76,159

Cash at bank and in hand
  
25,609
36,597

  
204,303
167,038

Creditors: amounts falling due within one year
 7 
(82,061)
(42,836)

Net current assets
  
 
 
122,242
 
 
124,202

Total assets less current liabilities
  
122,242
124,403

  

Creditors: amounts falling due after more than one year
 8 
(36,208)
(38,256)

  

  

Net assets
  
86,034
86,147


Capital and reserves
  

Called up share capital 
  
221,481
221,481

Share premium account
  
10,000
10,000

Profit and loss account
  
(145,447)
(145,334)

  
86,034
86,147


Page 1

 
AFTER THE ANTIQUE LIMITED
REGISTERED NUMBER: 03271639
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr A M F Parker
Director

Date: 13 August 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AFTER THE ANTIQUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

After the Antique Limited is a private company limited by shares incorporated in England and Wales, registration number 03271639. The registered office is Church Farm, Hythe Road, Foulden, Thetford, Norfolk, IP26 5AH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Directors have considered the Company’s position at the time of signing the financial statements, and in particular the effects on the Company of the wider economy. As part of their assessment, they have taken into consideration a number of possible trading performance, profitability and cash flow scenarios. Mr S F Parker holds a director loan due from the Company which is confirmed to not be called in within the 12 months following the approval of these financial statements.
Furthermore, the Company at 31 March 2025 has net assets of £86,034 (2024: £86,147).
Based on this, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, and, based on the economic environment recovering within the timeframe currently being widely anticipated, at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
AFTER THE ANTIQUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AFTER THE ANTIQUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Property improvements
-
10% straight line
Plant & machinery
-
20/25% straight line
Motor vehicles
-
25% reducing balance
Office equipment
-
10/20% straight line
Computer equipment
-
10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
AFTER THE ANTIQUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Intangible assets




Website development costs

£



Cost


At 1 April 2024
7,765



At 31 March 2025

7,765



Amortisation


At 1 April 2024
7,765



At 31 March 2025

7,765



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 6

 
AFTER THE ANTIQUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Improvements to property
Plant & machinery
Motor vehicles
Office equipment
Tools and equipment

£
£
£
£
£



Cost or valuation


At 1 April 2024
6,189
13,689
15,750
42,102
26,027


Disposals
-
-
(15,750)
-
-



At 31 March 2025

6,189
13,689
-
42,102
26,027



Depreciation


At 1 April 2024
6,189
13,689
15,750
41,901
26,027


Disposals
-
-
(15,750)
201
-



At 31 March 2025

6,189
13,689
-
42,102
26,027



Net book value



At 31 March 2025
-
-
-
-
-



At 31 March 2024
-
-
-
201
-

Total

£



Cost or valuation


At 1 April 2024
103,757


Disposals
(15,750)



At 31 March 2025

88,007



Depreciation


At 1 April 2024
103,556


Disposals
(15,549)



At 31 March 2025

88,007



Net book value



At 31 March 2025
-



At 31 March 2024
201
Page 7

 
AFTER THE ANTIQUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

           5.Tangible fixed assets (continued)


Page 8

 
AFTER THE ANTIQUE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
74,277
17,867

Other debtors
1,607
1,818

Deferred taxation
56,193
56,474

132,077
76,159



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
54,060
13,362

Other taxation and social security
4,650
6,145

Other creditors
23,351
23,329

82,061
42,836



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
36,208
38,256



9.


Transactions with directors

An amount of £36,208 was owed to S F Parker, Director, at the year end (2024 £38,256). This is an interest free loan, with no formal repayment terms. 


10.


Related party transactions

At the year end, an amount of £965 (2024 £965) was owed to Favor Trading Limited, a company in which S F Parker, Director, holds a controlling interest. This is an interest free loan with no formal repayment terms in place. 

 
Page 9