Somerset Frames Limited in Wells, BA5 2RR

Description

Data updated on: 01-11-2023

Registered as 11042398 seven years ago, Somerset Frames Limited was set up as a Private Limited Company. The firm's latest registration address is Somerset Frames, 17 Sadler Street Wells. Founded as Armandine Gallery (wells), the firm used the name until 29th October 2021, at which point it got changed to Somerset Frames Limited. This business's principal business activity number is 47789, that means Other retail sale of new goods in specialised stores (not commercial art galleries and opticians). 2022-12-29 is the last time when company accounts were reported.

In order to satisfy its client base, the business is constantly being guided by a group of two directors who are Christopher G. and Nicholas J.. Their successful cooperation has been of extreme use to this business for seven years.

Executives with significant control over the firm are: Anna G. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Nicholas J. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Previous company's names
Somerset Frames Limited 2021-10-29
Armandine Gallery (wells) Limited 2017-11-01

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-30	2019-12-29	2019-12-31	2020-12-29	2021-12-29	2022-12-29
Currency

Balance Sheet
Cash Bank On Hand			8 553	36 426	11 715	13 638
Current Assets	38 112	36 617	36 617	70 742	54 455	54 060
Debtors			5 834	4 155	6 681	4 770
Net Assets Liabilities			11 913	12 421	7 890	8 105
Other Debtors			5 834	3 575	5 080	2 007
Property Plant Equipment					13 130	11 671
Total Inventories			22 230	30 161	36 059	35 652

Other Financial Data
Accrued Liabilities			1 500	850
Accumulated Depreciation Impairment Property Plant Equipment					1 459	2 918
Additions Other Than Through Business Combinations Property Plant Equipment					14 589
Average Number Employees During Period	3	3	3	3	4	5
Bank Borrowings				19 000	15 333	11 333
Creditors	27 018	24 704	24 704	19 000	15 333	11 333
Increase From Depreciation Charge For Year Property Plant Equipment					1 459	1 459
Net Current Assets Liabilities	11 094	11 913		31 421	10 093	7 767
Other Creditors			14 389	24 692	30 939	29 034
Other Inventories			22 230	30 161	36 059	35 652
Property Plant Equipment Gross Cost					14 589	14 589
Taxation Social Security Payable			3 923	7 168	2 789	5 680
Total Assets Less Current Liabilities	11 094	11 913	11 913	31 421	23 223	19 438
Total Borrowings				19 000	15 333	11 333
Trade Creditors Trade Payables			4 892	5 611	6 635	7 579
Trade Debtors Trade Receivables				580	1 601	2 763
Amount Specific Advance Or Credit Directors		2 638
Amount Specific Advance Or Credit Made In Period Directors		6 138
Amount Specific Advance Or Credit Repaid In Period Directors		3 500