Company Registration No. 10287093 (England and Wales)
ARTSHED ARTS LIMITED
Unaudited accounts
for the year ended 31 August 2022
ARTSHED ARTS LIMITED
Unaudited accounts
Contents
ARTSHED ARTS LIMITED
Company Information
for the year ended 31 August 2022
Directors
Deborah Mason
Carol Wenham
Company Number
10287093 (England and Wales)
Registered Office
Cedar Lodge, Roydon Road
Stanstead Abbotts
Ware
Hertfordshire
SG12 8JR
UNITED KINGDOM
Accountants
Project H Limited Accountants
Beadle House
Bull Plain
Hertford
Hertfordshire
SG14 1DT
ARTSHED ARTS LIMITED
Statement of financial position
as at 31 August 2022
Intangible assets
5,525
7,905
Tangible assets
9,137
6,344
Cash at bank and in hand
13,870
27,723
Creditors: amounts falling due within one year
(16,755)
(28,571)
Net current assets
3,508
3,660
Total assets less current liabilities
18,170
17,909
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
17,094
17,907
Shareholders' funds
17,096
17,909
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2023 and were signed on its behalf by
Deborah Mason
Director
Company Registration No. 10287093
ARTSHED ARTS LIMITED
Notes to the Accounts
for the year ended 31 August 2022
ARTSHED ARTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10287093. The registered office is Cedar Lodge, Roydon Road, Stanstead Abbotts, Ware, Hertfordshire, SG12 8JR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
33% straight line
4
Intangible fixed assets
Other
At 1 September 2021
16,300
ARTSHED ARTS LIMITED
Notes to the Accounts
for the year ended 31 August 2022
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2021
11,863
15,313
27,176
Disposals
(2,089)
-
(2,089)
At 31 August 2022
16,258
15,313
31,571
At 1 September 2021
9,854
10,978
20,832
Charge for the year
1,960
1,731
3,691
On disposals
(2,089)
-
(2,089)
At 31 August 2022
9,725
12,709
22,434
At 31 August 2022
6,533
2,604
9,137
At 31 August 2021
2,009
4,335
6,344
Amounts falling due within one year
Accrued income and prepayments
324
6
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
2,713
3,178
Other creditors
6,087
12,731
Loans from directors
4,820
9,819
8
Average number of employees
During the year the average number of employees was 9 (2021: 9).