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REGISTERED NUMBER: 12767796 (England and Wales)















Financial Statements for the Year Ended 31st July 2023

for

Nature's Artist Ltd

Nature's Artist Ltd (Registered number: 12767796)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nature's Artist Ltd

Company Information
for the Year Ended 31st July 2023







DIRECTORS: P L Matthews
Mrs K B L Matthews





REGISTERED OFFICE: 32 Burgon Crescent
Winterton
Scunthorpe
North Lincolnshire





REGISTERED NUMBER: 12767796 (England and Wales)





ACCOUNTANTS: Peter R Burton Accountants
43 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PN

Nature's Artist Ltd (Registered number: 12767796)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,417 17,520

CURRENT ASSETS
Debtors 5 10,764 35
Cash at bank 5,896 3,208
16,660 3,243
CREDITORS
Amounts falling due within one year 6 32,971 19,774
NET CURRENT LIABILITIES (16,311 ) (16,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,106

989

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 1,006 889
SHAREHOLDERS' FUNDS 1,106 989

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

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

The directors acknowledge their 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.

Nature's Artist Ltd (Registered number: 12767796)

Balance Sheet - continued
31st July 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 15th April 2024 and were signed on its behalf by:





P L Matthews - Director


Nature's Artist Ltd (Registered number: 12767796)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. STATUTORY INFORMATION

Nature's Artist Ltd is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 20% on reducing balance
Workshop - 15% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Nature's Artist Ltd (Registered number: 12767796)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Workshop vehicles Totals
£    £    £    £   
COST
At 1st August 2022 14,793 1,549 7,100 23,442
Additions 4,500 - - 4,500
At 31st July 2023 19,293 1,549 7,100 27,942
DEPRECIATION
At 1st August 2022 2,352 464 3,106 5,922
Charge for year 3,388 217 998 4,603
At 31st July 2023 5,740 681 4,104 10,525
NET BOOK VALUE
At 31st July 2023 13,553 868 2,996 17,417
At 31st July 2022 12,441 1,085 3,994 17,520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 10,764 35

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 11,261 9,581
Trade creditors 1,660 1,186
VAT 3,809 1,084
Other creditors 922 1,110
Directors' current accounts 14,406 5,940
Accrued expenses 913 873
32,971 19,774

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

Nature's Artist Ltd (Registered number: 12767796)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

8. RESERVES
Retained
earnings
£   

At 1st August 2022 889
Profit for the year 1,617
Dividends (1,500 )
At 31st July 2023 1,006