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Company Registration No. 09048070 (England and Wales)
Nicholas Wells Antiques Limited Unaudited accounts for the year ended 31 October 2025
Nicholas Wells Antiques Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Nicholas Wells Antiques Limited Company Information for the year ended 31 October 2025
Director
Nicholas Guy Wells
Company Number
09048070 (England and Wales)
Registered Office
Third Floor 207 Regent Street London W1B 3HH
Accountants
Redwood Accountants 26 Martingale Grove Arborfield Green Reading Berkshire RG2 9HD
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Nicholas Wells Antiques Limited Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,535
3,380
Current assets
Inventories
42,150
47,515
Debtors
5
123,098
127,875
Cash at bank and in hand
9,638
10
174,886
175,400
Creditors: amounts falling due within one year
6
(41,696)
(43,902)
Net current assets
133,190
131,498
Total assets less current liabilities
135,725
134,878
Creditors: amounts falling due after more than one year
7
(80,536)
(76,429)
Net assets
55,189
58,449
Capital and reserves
Called up share capital
8
3
3
Profit and loss account
55,186
58,446
Shareholders' funds
55,189
58,449
For the year ending 31 October 2025 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 13 April 2026 and were signed on its behalf by
Nicholas Guy Wells Director Company Registration No. 09048070
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Nicholas Wells Antiques Limited Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Nicholas Wells Antiques Limited is a private company, limited by shares, registered in England and Wales, registration number 09048070. The registered office is Third Floor, 207 Regent Street, London, W1B 3HH.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Turnover
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.
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Nicholas Wells Antiques Limited Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
2,357
3,308
9,887
15,552
At 31 October 2025
2,357
3,308
9,887
15,552
Depreciation
At 1 November 2024
2,065
2,408
7,699
12,172
Charge for the year
73
225
547
845
At 31 October 2025
2,138
2,633
8,246
13,017
Net book value
At 31 October 2025
219
675
1,641
2,535
At 31 October 2024
292
900
2,188
3,380
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
131
1,041
Trade debtors
165
6,500
Other debtors
122,802
120,334
123,098
127,875
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
1,937
Taxes and social security
4,243
488
Other creditors
-
4,250
Loans from directors
253
177
Accruals
37,200
37,050
41,696
43,902
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
21,429
Other creditors
80,536
55,000
80,536
76,429
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
2 B Ordinary shares of £1 each
2
2
3
3
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Nicholas Wells Antiques Limited Notes to the Accounts for the year ended 31 October 2025
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Nicholas Guy Wells
Directors loan
(178)
31,537
31,612
(253)
(178)
31,537
31,612
(253)
Loans are provided interest free with no set repayment terms.
10
Average number of employees
During the year the average number of employees was 2 (2024: 3).
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