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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—7 |
2020 | 2019 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 5 |
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Investments | 6 |
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CURRENT ASSETS | |||||
Stocks | 7 |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 9 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | - |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 10 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 840,625 | 853,058 | |||
Director
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Plant & Machinery |
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Motor Vehicles |
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2020 | 2019 | ||
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Office and administration |
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Sales, marketing and distribution |
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Operations |
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Goodwill | |||
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£ | |||
Cost | |||
As at
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As at
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Amortisation | |||
As at
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As at
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Net Book Value | |||
As at
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As at
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Plant & Machinery | Motor Vehicles | Total | |
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£ | £ | £ | |
Cost | |||
As at
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As at
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Depreciation | |||
As at
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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Unlisted | |
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£ | |
Cost | |
As at
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- |
Additions | 955,610 |
As at
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955,610 |
Provision | |
As at
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- |
As at
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- |
Net Book Value | |
As at
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955,610 |
As at
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- |
2020 | 2019 | ||
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£ | £ | ||
Stock - materials and work in progress | 113,535 | 71,023 | |
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2020 | 2019 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Corporation tax recoverable assets |
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2020 | 2019 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security |
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VAT |
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Net wages | 38 | - | |
Pension contributions due |
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Accruals and deferred income |
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Amounts owed to subsidiaries |
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85 Ltd
A company under the control of close family members of the companies directors.
During the year £400,000 was repaid by 85 Ltd. At the year end the balance due by 85 Ltd was £55,764
Harrion Holdings Ltd
A company of which K Harris is a director
During the year £250,000 was advanced to Harrion Holdings Ltd as a loan, and £250,000 was repaid to the company. £170,000 was advanced by Harrion Holdings Ltd as a loan, and £170,000 was repaid by the company. The year end balance was nil.
Compass Digital Media Ltd
A company of which K Harris and R W Thomas are directors.
During the year IACF made creditor payments of £2,834. The year end balance was nil.
OHW Media LLC
A US corporation owed by Mr M Cooke, who has significant influence over the company due to his shareholding.
During the year IACF brought services from OHW Media LLC in the sum of £33,000. At the year end the balance due to OHW Media LLC was £33,000
Festival of Antiques Ltd
A subsidiary of the company
During the year £178,169 was paid by Festival of Antiques Ltd to the company as a loan.