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REGISTERED NUMBER: 03624247 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

ARTICLE 13 LIMITED

ARTICLE 13 LIMITED (REGISTERED NUMBER: 03624247)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARTICLE 13 LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Ms J F Cumming





REGISTERED OFFICE: Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU





REGISTERED NUMBER: 03624247 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

ARTICLE 13 LIMITED (REGISTERED NUMBER: 03624247)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 21,381 32,071
Tangible assets 6 808 1,118
22,189 33,189

CURRENT ASSETS
Stocks 7 - 7,500
Debtors 8 17,111 4,456
Cash at bank and in hand 3,619 34,529
20,730 46,485
CREDITORS
Amounts falling due within one year 9 72,182 78,416
NET CURRENT LIABILITIES (51,452 ) (31,931 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,263 ) 1,258

PROVISIONS FOR LIABILITIES - 116
NET (LIABILITIES)/ASSETS (29,263 ) 1,142

CAPITAL AND RESERVES
Called up share capital 10 404 404
Retained earnings (29,667 ) 738
SHAREHOLDERS' FUNDS (29,263 ) 1,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ARTICLE 13 LIMITED (REGISTERED NUMBER: 03624247)

Balance Sheet - continued
31 MARCH 2023


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 director and authorised for issue on 9 June 2023 and were signed by:





Ms J F Cumming - Director


ARTICLE 13 LIMITED (REGISTERED NUMBER: 03624247)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Article 13 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company has prepared the financial statements as a going concern on the basis of ongoing support from the Directors/Shareholders, and the bank.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Patents and licences are being amortised evenly over their estimated useful life of three years.

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 - 33% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


ARTICLE 13 LIMITED (REGISTERED NUMBER: 03624247)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 32,071
Impairments (10,690 )
At 31 March 2023 21,381
NET BOOK VALUE
At 31 March 2023 21,381
At 31 March 2022 32,071

ARTICLE 13 LIMITED (REGISTERED NUMBER: 03624247)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 59,111
DEPRECIATION
At 1 April 2022 57,993
Charge for year 310
At 31 March 2023 58,303
NET BOOK VALUE
At 31 March 2023 808
At 31 March 2022 1,118

7. STOCKS
2023 2022
£    £   
Work-in-progress - 7,500

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,148 -
Other debtors 4,963 4,456
17,111 4,456

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,702 21,667
Trade creditors 5,840 9,819
Taxation and social security 4,034 3,035
Other creditors 45,606 43,895
72,182 78,416

Included in other creditors is £30,852 (2022: £43,853) owed to the director, Ms J F Cumming and a loan from Biodiversity Consulting Ltd of £14,754.

ARTICLE 13 LIMITED (REGISTERED NUMBER: 03624247)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,040 Class A Ordinary 10p 404 404

11. RELATED PARTY DISCLOSURES

The ultimate controlling party is Ms J F Cumming, a director and shareholder of the Biodiversity Consulting Ltd.

Mrs N Dharumaretnam and Ms J F Cumming are both directors and shareholders in Wheelhouse Ltd.