London Art Limited in Barnet, EN5 4BE

Description

Data updated on: 01-11-2023

London Art Limited with the registration number 03171520 has been a part of the business world for 28 years. The Private Limited Company is located at Regency House, 33 Wood Street in Barnet and its post code is EN5 4BE. The firm's Standard Industrial Classification Code is 47789 and their NACE code stands for Other retail sale of new goods in specialised stores (not commercial art galleries and opticians). 2022-05-31 is the last time when company accounts were reported.

At present, this business is presided over by 1 director: Aleysha M., who was chosen to lead the company 2 years ago. The following business had been supervised by Hassanali S. till 2022-07-08. What is more another director, namely Salim M. resigned in July 2021. In order to support the directors in their duties, the business has been utilizing the skillset of Aleysha M. as a secretary since the appointment on 2007-03-22.

Aleysha M. is the individual who has control over this firm, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-04-30	2014-04-30	2015-04-30	2016-04-30	2017-05-31	2018-05-31	2019-05-31	2020-05-31	2021-05-31	2022-05-31
Currency
Net Worth	-19 294	-5 272	-40 577

Balance Sheet
Cash Bank In Hand	148	248	248
Cash Bank On Hand			248	348	448			41 219	21 328	44 002
Current Assets	94 931	98 755	89 391	56 265	70 523	95 983	115 477	150 191	125 263	156 746
Debtors	76 159	82 078	38 314	7 929	7 344	5 288	5 677	4 444	4 444	4 444
Other Debtors			38 314	6 083	6 083	4 027	5 677	4 444	4 444	4 444
Property Plant Equipment			1 594	3 076	1 742	1 039	396	673	590	319
Stocks Inventory	14 180	11 985	46 385
Tangible Fixed Assets	3 359	2 845	1 594
Total Inventories			46 385	43 544	58 287	90 695	109 800	104 528	99 491	108 300
Net Assets Liabilities							-67 622	-32 871	-17 482	12 653

Capital & Reserves
Called Up Share Capital	2	2	2
Profit Loss Account Reserve	-19 296	-5 274	-40 579
Shareholder Funds	-19 294	-5 272	-40 577

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment			28 791	29 884	31 218	31 921	32 564	33 182	33 453	33 724
Average Number Employees During Period				3	14	5	5	5	5	5
Bank Borrowings Overdrafts			32 898	33 717	17 375	21 048	18 597	50 000	50 000	39 352
Creditors			131 562	133 509	143 542	167 029	183 495	50 000	50 000	39 352
Creditors Due Within One Year	117 584	106 872	131 562
Increase From Depreciation Charge For Year Property Plant Equipment				1 093	1 334	703	643	618	271	271
Net Current Assets Liabilities	-22 653	-8 117	-42 171	-77 244	-73 019	-71 046	-68 018	16 456	31 928	51 686
Number Shares Allotted		2	2
Other Creditors			35 750	54 305	81 779	88 528	102 327	78 412	49 578	44 774
Other Taxation Social Security Payable			3 599	2 433	6 332	6 051		6 074	9 118	18 255
Par Value Share		1	1
Prepayments Accrued Income Current Asset	4 444	4 444	4 444
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal			4 444	4 444	4 444	4 027
Property Plant Equipment Gross Cost			30 385	32 960	32 960	32 960	32 960	33 855	34 043
Share Capital Allotted Called Up Paid	2	2	2
Tangible Fixed Assets Additions		236
Tangible Fixed Assets Cost Or Valuation	30 149	30 385
Tangible Fixed Assets Depreciation	26 790	27 540	28 791
Tangible Fixed Assets Depreciation Charged In Period		750	1 251
Total Additions Including From Business Combinations Property Plant Equipment				2 575				895	188
Total Assets Less Current Liabilities	-19 294	-5 272	-40 577	-74 168	-71 277	-70 007	-67 622	17 129	32 518	52 005
Trade Creditors Trade Payables			59 315	43 054	38 056	51 402	62 571	49 249	34 604	35 473
Trade Debtors Trade Receivables				1 846	1 261	1 261