Company Registration No. 15132627 (England and Wales)
Kearsey & Gold Art Ltd
Unaudited accounts
for the year ended 30 September 2024
Kearsey & Gold Art Ltd
Unaudited accounts
Contents
Kearsey & Gold Art Ltd
Company Information
for the year ended 30 September 2024
Directors
Lucas Harry Kearsey
Adam Louis Gold
Company Number
15132627 (England and Wales)
Registered Office
19 Cork Street
London
W1S 3HL
England
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Kearsey & Gold Art Ltd
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
919
Creditors: amounts falling due within one year
(95,937)
Net current liabilities
(26,461)
Profit and loss account
(17,294)
Shareholders' funds
(17,292)
For the year ending 30 September 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 12 September 2025 and were signed on its behalf by
Lucas Harry Kearsey
Director
Company Registration No. 15132627
Kearsey & Gold Art Ltd
Notes to the Accounts
for the year ended 30 September 2024
Kearsey & Gold Art Ltd is a private company, limited by shares, registered in England and Wales, registration number 15132627. The registered office is 19 Cork Street, London, W1S 3HL, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Land & buildings
75% over term of lease
Fixtures & fittings
50% straight line
Computer equipment
50% straight line
Kearsey & Gold Art Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
8,420
1,550
1,000
10,970
At 30 September 2024
8,420
1,550
1,000
10,970
Charge for the year
526
775
500
1,801
At 30 September 2024
526
775
500
1,801
At 30 September 2024
7,894
775
500
9,169
Amounts falling due within one year
Accrued income and prepayments
11,081
7
Creditors: amounts falling due within one year
2024
Loans from directors
64,828
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
9
Average number of employees
During the year the average number of employees was 2.