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Art Of Freight Limited
Registered Number:10820886
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2023
Art Of Freight Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10820886
As at 30 June 2023
Art Of Freight Limited
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Trade and other receivables
29,285
9,858
2
8,376
Cash and cash equivalents
17,916
27,774
37,661
Trade and other payables: amounts falling due within one
year
(10,062)
(5,081)
3
27,599
22,693
Net current assets
Total assets less current liabilities
22,693
27,599
Trade and other payables: amounts falling due after more
than one year
(27,250)
(22,209)
4
484
Net assets
349
Capital and reserves
Called up share capital
1
1
Retained earnings
483
348
484
349
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Karen Michelle Warren Director
These financial statements were approved and authorised for issue by the Board on 01 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2023
Art Of Freight Limited
Notes to the Financial Statements
Statutory Information
Art Of Freight Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10820886.
Registered address:
17 Cromwell Road
Flitch Green
Dunmow
CM6 3GE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2. Trade and other receivables
2022
2023
£
£
Other debtors
9,858
29,285
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
5,400
Taxation and social security
4,421
4,002
Other creditors
660
660
5,081
10,062
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5
For the year ended 30 June 2023
Art Of Freight Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
22,209
27,250
5. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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