|
|
|
|
|
|
Church Farm Antiques Ltd
|
|
|
|
|
|
Notes to the financial statements
|
|
|
for the year ended 31 October 2025
|
|
|
|
|
|
|
|
|
1
|
Company information
|
|
|
|
|
|
|
|
Church Farm Antiques Ltd is a private company registered in England and Wales. Its registered number is 07808362. The company is limited by shares. Its registered office is 5 Old Station Cottages, Church Farm Road, Aldeburgh, Suffolk, IP15 5AE.
|
|
|
|
|
|
|
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 historic cost convention.
|
|
|
|
|
|
|
|
Going concern
|
|
|
|
The financial statements have been drawn up on the going concern basis based on the continued support of the director. Accordingly, the financial statements do not need to include any adjustment that would result from the failure to continue to trade.
|
|
|
|
|
|
|
|
Turnover
|
|
|
|
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
|
|
|
|
|
|
|
|
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 year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
|
|
|
|
|
|
|
|
Current 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.
|
|
|
|
|
|
|
3
|
Average number of employees
|
|
|
|
|
|
|
|
During the year the average number of employees was 1 (2024 - 1).
|
|
|
|
|
|
|
3
|