ASHERAH ARTS LTD Filleted Accounts Cover
ASHERAH ARTS LTD
Company No. 10788802
Information for Filing with The Registrar
31 May 2022
ASHERAH ARTS LTD Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 May 2022.
Principal activities
The principal activity of the company during the year under review was Books Publishing.
Director
The Director who served at any time during the year was as follows:
Francesca Stavrakopoulou
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Francesca Stavrakopoulou
Director
31 May 2022
ASHERAH ARTS LTD Balance Sheet Registrar
at
31 May 2022
Company No.
10788802
Notes
2022
2021
£
£
Current assets
Debtors
4
8731,678
Cash at bank and in hand
117,70377,511
118,57679,189
Creditors: Amount falling due within one year
5
(21,089)
(17,838)
Net current assets
97,48761,351
Total assets less current liabilities
97,48761,351
Net assets
97,48761,351
Capital and reserves
Called up share capital
1010
Profit and loss account
6
97,47761,341
Total equity
97,48761,351
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 May 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 May 2022
And signed on its behalf by:
Francesca Stavrakopoulou
Director
31 May 2022
ASHERAH ARTS LTD Notes to the Accounts Registrar
for the year ended 31 May 2022
1
General information
Its registered number is: 10788802
Its registered office is:
The Stables
Coulston
Westbury
Wiltshire
BA13 4NY
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Debtors
2022
2021
£
£
VAT recoverable
87395
Prepayments and accrued income
-1,583
8731,678
5
Creditors:
amounts falling due within one year
2022
2021
£
£
Trade creditors
-60
Corporation tax
12,23010,840
Loans from directors
8,1096,189
Accruals and deferred income
750749
21,08917,838
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
7
Dividends
2022
2021
£
£
Dividends for the period:
Dividends paid in the period
16,000
2,000
16,000
2,000
Dividends by type:
Equity dividends
16,0002,000
16,000
2,000
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