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REGISTERED NUMBER: 04415463 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Art Environments (International) Limited

Art Environments (International) Limited (Registered number: 04415463)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Art Environments (International) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D.A. Shread
Mrs S A Shread



SECRETARY: D.A. Shread



REGISTERED OFFICE: 1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT



REGISTERED NUMBER: 04415463 (England and Wales)



ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT



BANKERS: HSBC
275 Stratford Road
Shirley
Solihull
West Midlands
B90 3AP

Art Environments (International) Limited (Registered number: 04415463)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 315 681

CURRENT ASSETS
Inventories 6 - 6,600
Debtors 7 - 300
Cash at bank and in hand 4,909 958
4,909 7,858
CREDITORS
Amounts falling due within one
year

8

15,503

17,126
NET CURRENT LIABILITIES (10,594 ) (9,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,279

)

(8,587

)

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (10,280 ) (8,588 )
SHAREHOLDERS' FUNDS (10,279 ) (8,587 )

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 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.

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 7 August 2023 and were signed on its behalf by:





Mrs S A Shread - Director


Art Environments (International) Limited (Registered number: 04415463)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Art Environments (International) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. There was no material departure from this standard.

3. ACCOUNTING POLICIES

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

At the balance sheet date the company had net current liabilities of £10,594, however the directors believe that the company will be able to meet its liabilities as they fall due and therefore feel it appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover
Turnover represents invoiced sales of goods and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


Art Environments (International) Limited (Registered number: 04415463)

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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 390 5,903 6,293
Additions - 100 100
Disposals - (4,091 ) (4,091 )
At 31 March 2023 390 1,912 2,302
DEPRECIATION
At 1 April 2022 390 5,222 5,612
Charge for year - 145 145
Eliminated on disposal - (3,770 ) (3,770 )
At 31 March 2023 390 1,597 1,987
NET BOOK VALUE
At 31 March 2023 - 315 315
At 31 March 2022 - 681 681

6. INVENTORIES
31.3.23 31.3.22
£    £   
Work-in-progress - 6,600

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 300

Art Environments (International) Limited (Registered number: 04415463)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,402 2,475
Social security and other
taxes

-

876
Other creditors - 922
Directors' current accounts 11,421 11,053
Accruals and deferred income 1,680 1,800
15,503 17,126

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary shares £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 April 2022 (8,588 )
Deficit for the year (1,692 )
At 31 March 2023 (10,280 )

11. CAPITAL COMMITMENTS
31.3.23 31.3.22
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

In the year under review the company received a loan from a member of key management personnel and at the balance sheet date the company owed £11,421 in respect of this loan which is unsecured and interest free with no specific repayment terms and is presented within creditors due within one year

.