1 March 2022 false No description of principal activity Taxfiler 2023.10.1 07152769business:PrivateLimitedCompanyLtd2022-03-012023-02-28 071527692022-02-28 071527692022-03-012023-02-28 07152769business:AuditExemptWithAccountantsReport2022-03-012023-02-28 07152769business:FilletedAccounts2022-03-012023-02-28 071527692023-02-28 07152769business:Director12022-03-012023-02-28 07152769business:RegisteredOffice2022-03-012023-02-28 071527692022-02-28 07152769core:WithinOneYear2023-02-28 07152769core:WithinOneYear2022-02-28 07152769core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 07152769core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 07152769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07152769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 07152769core:PreviouslyStatedAmount2023-02-28 07152769core:PreviouslyStatedAmount2022-02-28 07152769business:SmallEntities2022-03-012023-02-28 07152769countries:EnglandWales2022-03-012023-02-28 07152769core:ComputerEquipment2022-03-012023-02-28 07152769core:ComputerEquipment2022-02-28 07152769core:ComputerEquipment2023-02-28 07152769business:Director112022-03-012023-02-28 07152769business:Director112022-02-28 07152769business:Director112023-02-28 071527692021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07152769 (England and Wales)
Artroom (London) Ltd Unaudited accounts for the year ended 28 February 2023
Artroom (London) Ltd Unaudited accounts Contents
Page
- 2 -
Artroom (London) Ltd Company Information for the year ended 28 February 2023
Director
Vanita Barany
Company Number
07152769 (England and Wales)
Registered Office
112a Hazellville Road London N19 3NA
Accountants
Leapman Weiss Building 6 30 Friern Park London N12 9DA
- 3 -
Artroom (London) Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,079 
- 
Current assets
Inventories
60,095 
31,209 
Debtors
17,235 
- 
Cash at bank and in hand
70,506 
37,753 
147,836 
68,962 
Creditors: amounts falling due within one year
(56,589)
(43,793)
Net current assets
91,247 
25,169 
Total assets less current liabilities
92,326 
25,169 
Provisions for liabilities
Deferred tax
(205)
- 
Net assets
92,121 
25,169 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
92,120 
25,168 
Shareholders' funds
92,121 
25,169 
For the year ending 28 February 2023 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 director acknowledges her 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 and authorised for issue on 17 November 2023 and were signed on its behalf by
Vanita Barany Director Company Registration No. 07152769
- 4 -
Artroom (London) Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Artroom (London) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07152769. The registered office is 112a Hazellville Road, London, N19 3NA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
25% - straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
- 
Additions
1,438 
At 28 February 2023
1,438 
Depreciation
Charge for the year
359 
At 28 February 2023
359 
Net book value
At 28 February 2023
1,079 
- 5 -
Artroom (London) Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,080 
- 
Other debtors
16,155 
- 
17,235 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
32,384 
- 
Taxes and social security
22,930 
7,625 
Loans from directors
- 
35,483 
Accruals
1,275 
685 
56,589 
43,793 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Vanita Barany
Director's Loan
(35,483)
35,619 
- 
136 
(35,483)
35,619 
- 
136 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -