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Registration number: SC236432

J R Webb Antiques Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

J R Webb Antiques Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

J R Webb Antiques Limited

Company Information

Directors | Mr J R P Webb Scarlett P Webb

Registered office | Osborne House 28-30 Carden Place ABERDEEN AB10 1UP

Accountants | Carnegie Accountancy Chartered Certified Accountant24 Carnegie Crescent Aberdeen AB15 4AE

J R Webb Antiques Limited

(Registration number: SC236432)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 56,040 | 16,385
Current assets |  |  |
Stocks |  | 413,306 | 328,461
Debtors | 5 | 28,915 | 22,277
Cash at bank and in hand |  | 54,390 | 30,243
|  | 496,611 | 380,981
Creditors: Amounts falling due within one year | 6 | (220,884) | (147,235)
Net current assets |  | 275,727 | 233,746
Total assets less current liabilities |  | 331,767 | 250,131
Provisions for liabilities | 7 | (14,010) | (3,809)
Net assets |  | 317,757 | 246,322
Capital and reserves |  |  |
Called up share capital | 8 | 4 | 4
Retained earnings |  | 317,753 | 246,318
Shareholders' funds |  | 317,757 | 246,322

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 12 May 2026 and signed on its behalf by:

......................................... Mr J R P Webb Director

J R Webb Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Osborne House
28-30 Carden Place
ABERDEEN
AB10 1UP

These financial statements were authorised for issue by the Board on 12 May 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

J R Webb Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets less their residual values over their useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% straight line
Motor vehicles | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

J R Webb Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 22,007 | - | 22,007
Additions | 11,556 | 37,675 | 49,231
At 30 September 2025 | 33,563 | 37,675 | 71,238
Depreciation
At 1 October 2024 | 5,621 | - | 5,621
Charge for the year | 4,852 | 4,725 | 9,577
At 30 September 2025 | 10,473 | 4,725 | 15,198
Carrying amount
At 30 September 2025 | 23,090 | 32,950 | 56,040
At 30 September 2024 | 16,385 | - | 16,385

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 28,915 | 22,277
| 28,915 | 22,277

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 20,073 | 14,590
Other creditors | 200,811 | 132,645
| 220,884 | 147,235

7 | Provisions for liabilities

| 2024 £ | 2024 £
Deferred tax liabilities | (14,010) | (3,809)
| (14,010) | (3,809)

J R Webb Antiques Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 4 | 4 | 4 | 4