Registered number
10239087
Artios Global Limited
Filleted Accounts
31 March 2023
Artios Global Limited
Registered number: 10239087
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 21,822 29,634
Current assets
Debtors 5 173,685 260,031
Cash at bank and in hand 1,238 12,494
174,923 272,525
Creditors: amounts falling due within one year 6 (133,834) (222,824)
Net current assets 41,089 49,701
Total assets less current liabilities 62,911 79,335
Creditors: amounts falling due after more than one year 7 (29,534) (45,933)
Provisions for liabilities (4,146) (5,630)
Net assets 29,231 27,772
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,131 27,672
Shareholders' funds 29,231 27,772
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Kennedy
Director
Approved by the board on 1 November 2023
Artios Global Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Conor Dolan FCA
Firm: Finegan Gibson
Date of audit report: 1 November 2023
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 34,844
Additions 642
At 31 March 2023 35,486
Depreciation
At 1 April 2022 5,210
Charge for the year 8,454
At 31 March 2023 13,664
Net book value
At 31 March 2023 21,822
At 31 March 2022 29,634
5 Debtors 2023 2022
£ £
Trade debtors 112,104 220,736
Other debtors 61,581 39,295
173,685 260,031
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 61,091 31,437
Obligations under finance lease and hire purchase contracts 6,278 6,385
Trade creditors 21,700 33,345
Taxation and social security costs 23,193 59,424
Other creditors 21,572 92,233
133,834 222,824
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,019 31,019
Obligations under finance lease and hire purchase contracts 8,515 14,914
29,534 45,933
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 14,787 21,299
Hire purchase liabilities of £14,787 (2022: £21,299) are secured on the assets concerned.
9 Related party transactions
During the year the key management personnel received total emoluments of £23,192 (2022: £39,532).

During the year Michael Kennedy, a director, received dividends of £59,204 (2022: £44,408).

During the year David Luke, a director, received dividends of £59,404 (2022: £38,205).
10 Other information
Artios Global Limited is a private company limited by shares and incorporated in England. Its registered office is:
124 City Road
London
England
EC1V 2NX
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