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Registered Number: 12993671
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 30 November 2023

for

ARTICULO LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 4,200  6,200 
Current assets 5,638  1,952 
Creditors: amount falling due within one year (5,692) (2,720)
Net current assets (54) (768)
Total assets less current liabilities 4,146  5,432 
Creditors: amount falling due after more than one year (2,000) (10,000)
Net assets 2,146  (4,568)
 
Capital and reserves 2,146  (4,568)
 
  1. For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Benjamin James Mearns
Director

Date approved: 23 April 2024
1
Statutory Information
ARTICULO LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12993671, registration address International House, 24 Holborn Viaduct, London, United Kingdom, EC1A 2BN.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 5 years.
2.

Intangible fixed assets

Cost or Valuation Patents, trademarks & licenses   Total
  £   £
At 01 December 2022 10,200    10,200 
Additions  
Disposals  
At 30 November 2023 10,200    10,200 
Amortisation
At 01 December 2022 4,000    4,000 
Charge for year 2,000    2,000 
On disposals  
At 30 November 2023 6,000    6,000 
Net book values
At 30 November 2023 4,200    4,200 
At 30 November 2022 6,200    6,200 

3.

Average number of employees

Average number of employees during the year was 2  (2022: 2).
2