REGISTERED NUMBER: 08608239 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2024 to 31 December 2025

for

Was Gathering Dust Ltd

Trading as

RS Antiques

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R T Salthouse

REGISTERED OFFICE:

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

08608239 (England and Wales)

ACCOUNTANTS:

Chaves LLP

Belfry House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

67

-

67

CURRENT ASSETS

Stocks

-

25,500

Cash at bank

7,951

8,442

7,951

33,942

CREDITORS

Amounts falling due within one year

5,571

27,314

NET CURRENT ASSETS

2,380

6,628

TOTAL ASSETS LESS CURRENT LIABILITIES

2,380

6,695

PROVISIONS FOR LIABILITIES

6

-

13

NET ASSETS

2,380

6,682

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

2,280

6,582

SHAREHOLDERS' FUNDS

2,380

6,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 21 April 2026 and were signed by:

R T Salthouse - Director

1.	STATUTORY INFORMATION

Was Gathering Dust Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

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 period 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 period 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 period was NIL (2024 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

and 31 December 2025

10,000

AMORTISATION

At 1 August 2024

and 31 December 2025

10,000

NET BOOK VALUE

At 31 December 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

894

Disposals

(894

)

At 31 December 2025

-

DEPRECIATION

At 1 August 2024

827

Charge for period

17

Eliminated on disposal

(844

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 July 2024

67

6.	PROVISIONS FOR LIABILITIES

31.12.25

31.7.24

£

£

Deferred tax

-

13

Deferred

tax

£

Balance at 1 August 2024

13

Provided during period

(13

)

Balance at 31 December 2025

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.7.24

value:

£

£

100

Ordinary

£1

100

100