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Registered number: 01380268
Articus Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Willaston Field
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01380268
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 239,174 -
239,174 -
CURRENT ASSETS
Debtors 5 27,255 289
27,255 289
Creditors: Amounts Falling Due Within One Year 6 96,555 -
NET CURRENT ASSETS (LIABILITIES) 123,810 289
TOTAL ASSETS LESS CURRENT LIABILITIES 362,984 289
NET ASSETS 362,984 289
CAPITAL AND RESERVES
Called up share capital 7 2 (2,625 )
Profit and Loss Account 362,982 2,914
SHAREHOLDERS' FUNDS 362,984 289
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adrian Turner
Director
30/10/2023
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Articus Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01380268 . The registered office is 2 Moorlands Park, Martock, TA12 6DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10121
Plant & Machinery 9197.08
Motor Vehicles 6383.56
Fixtures & Fittings 7657.03
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 August 2022 - - - - -
Additions 150,861 42,474 45,839 - 239,174
As at 31 July 2023 150,861 42,474 45,839 - 239,174
Depreciation
As at 1 August 2022 - - - - -
As at 31 July 2023 - - - - -
Net Book Value
As at 31 July 2023 150,861 42,474 45,839 - 239,174
As at 1 August 2022 - - - - -
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,687 289
Other taxes and social security 22,568 -
27,255 289
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Other loans (102,382 ) -
VAT 5,828 -
(96,555 ) -
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 (2,625 )
Page 4