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Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
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Artique Galleries Limited |
DRAFT
12/10/16 10:37 |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
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for |
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Artique Galleries Limited |
Artique Galleries Limited (Registered number: 06129514) |
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Contents of the Abbreviated Accounts |
for the year ended 30 June 2016 |
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DRAFT
12/10/16 10:37 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Artique Galleries Limited |
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Company Information |
for the year ended 30 June 2016 |
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DRAFT
12/10/16 10:37 |
DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Artique Galleries Limited (Registered number: 06129514) |
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Abbreviated Balance Sheet |
30 June 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
DRAFT
12/10/16 10:37 |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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The financial statements were approved by the Board of Directors on
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Artique Galleries Limited (Registered number: 06129514) |
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Notes to the Abbreviated Accounts |
for the year ended 30 June 2016 |
DRAFT
12/10/16 10:37 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Pension costs |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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Investments |
Investments held are stated at cost less provision for any impairment in value. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 July 2015 |
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Additions |
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At 30 June 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for year |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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Artique Galleries Limited (Registered number: 06129514) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 30 June 2016 |
DRAFT
12/10/16 10:37 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 July 2015 | 198,020 |
Additions | 45,500 |
Disposals | (42,965 | ) |
At 30 June 2016 | 200,555 |
NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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Investments (neither listed nor unlisted) were as follows: |
2016 | 2015 |
£ | £ |
Collectors Prints Limited | 70,000 | 70,000 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 June 2016 and |
30 June 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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( |
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