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REGISTERED NUMBER: SC482611 (Scotland)















Abridged Financial Statements for the Period 1 August 2022 to 31 May 2023

for

Art Req Limited

Art Req Limited (Registered number: SC482611)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Art Req Limited

Company Information
for the Period 1 August 2022 to 31 May 2023







DIRECTOR: Alan Black





SECRETARY:





REGISTERED OFFICE: Unit 49
Anniesland Business Park
Netherton Road
Glasgow
G13 1EU





REGISTERED NUMBER: SC482611 (Scotland)





ACCOUNTANT: Alan Carmichael C.A.
1/2
69 Clouston Street
Glasgow
G20 8QW

Art Req Limited (Registered number: SC482611)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 865 1,153

CURRENT ASSETS
Stocks 82,379 45,082
Debtors 225 1,632
Cash at bank 4,533 18,228
87,137 64,942
CREDITORS
Amounts falling due within one year 24,208 35,637
NET CURRENT ASSETS 62,929 29,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,794

30,458

PROVISIONS FOR LIABILITIES - 219
NET ASSETS 63,794 30,239

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 63,793 30,238
SHAREHOLDERS' FUNDS 63,794 30,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Art Req Limited (Registered number: SC482611)

Abridged Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2024 and were signed by:





Alan Black - Director


Art Req Limited (Registered number: SC482611)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 May 2023

1. STATUTORY INFORMATION

Art Req Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 May 2023 2,049
DEPRECIATION
At 1 August 2022 896
Charge for period 288
At 31 May 2023 1,184
NET BOOK VALUE
At 31 May 2023 865
At 31 July 2022 1,153

5. RELATED PARTY DISCLOSURES

The director, Alan Black owns Artists Surfaces Limited which operates from the same premises and pays all running costs. A share of rent and telephone is accounted for in Art Req Limited.

Art Req Limited (Registered number: SC482611)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 May 2023

6. ULTIMATE CONTROLLING PARTY

The controlling party is Alan Black.

The ultimate controlling party is Alan Black.