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REGISTERED NUMBER: 08277748 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 December 2021

for

Artform Urban Furniture Limited

Artform Urban Furniture Limited (Registered number: 08277748)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Artform Urban Furniture Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D A Pringle
D M Leach





REGISTERED OFFICE: Adlington Business Park
Adlington
Macclesfield
Cheshire
SK10 4NL





REGISTERED NUMBER: 08277748 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
6 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Artform Urban Furniture Limited (Registered number: 08277748)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 495 976

CURRENT ASSETS
Stocks 48,599 111,584
Debtors 5 612,136 372,905
Cash at bank and in hand 927,480 715,092
1,588,215 1,199,581
CREDITORS
Amounts falling due within one year 6 495,564 470,672
NET CURRENT ASSETS 1,092,651 728,909
TOTAL ASSETS LESS CURRENT LIABILITIES 1,093,146 729,885

CREDITORS
Amounts falling due after more than one
year

7

-

(44,167

)

PROVISIONS FOR LIABILITIES (91 ) (185 )
NET ASSETS 1,093,055 685,533

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,093,054 685,532
SHAREHOLDERS' FUNDS 1,093,055 685,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Artform Urban Furniture Limited (Registered number: 08277748)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





D A Pringle - Director


Artform Urban Furniture Limited (Registered number: 08277748)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Artform Urban Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Artform Urban Furniture Limited (Registered number: 08277748)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 16,525
Additions 258
At 31 December 2021 16,783
DEPRECIATION
At 1 January 2021 15,549
Charge for year 739
At 31 December 2021 16,288
NET BOOK VALUE
At 31 December 2021 495
At 31 December 2020 976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 385,307 197,911
Amounts owed by group undertakings 143,468 143,992
Amounts owed by associates 2,789 13,205
Other debtors 80,572 17,797
612,136 372,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts - 5,833
Payments on account - 59,297
Trade creditors 235,153 186,806
Amounts owed to group undertakings 56 4,442
Amounts owed to associates 50,361 23,171
Taxation and social security 179,036 134,734
Other creditors 30,958 56,389
495,564 470,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans - 44,167

Artform Urban Furniture Limited (Registered number: 08277748)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.21 31.12.20
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,167

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.21 31.12.20
£    £   
Within one year 1,679 3,131
Between one and five years - 783
1,679 3,914

9. ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Bailey Street Furniture Group Ltd.
The ultimate controlling party is considered to be Crowd UK Holding Ltd.