Acorah Software Products - Accounts Production 14.5.601 false true true 31 December 2022 1 July 2022 false 1 January 2023 31 December 2023 31 December 2023 11405500 Mercia Fund Management (Nominees) Limited T S Phillips B W Cyzer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11405500 2022-12-31 11405500 2023-12-31 11405500 2023-01-01 2023-12-31 11405500 frs-core:Non-currentFinancialInstruments 2023-12-31 11405500 frs-core:PlantMachinery 2023-01-01 2023-12-31 11405500 frs-core:SharePremium 2023-12-31 11405500 frs-core:ShareCapital 2023-12-31 11405500 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11405500 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11405500 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 11405500 frs-bus:SmallEntities 2023-01-01 2023-12-31 11405500 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11405500 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11405500 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11405500 frs-bus:OrdinaryShareClass1 2023-12-31 11405500 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 11405500 frs-bus:OrdinaryShareClass2 2023-12-31 11405500 frs-bus:Director1 2023-01-01 2023-12-31 11405500 frs-bus:Director2 2023-01-01 2023-12-31 11405500 frs-bus:Director3 2023-01-01 2023-12-31 11405500 frs-countries:EnglandWales 2023-01-01 2023-12-31 11405500 2022-06-30 11405500 2022-12-31 11405500 2022-07-01 2022-12-31 11405500 frs-core:Non-currentFinancialInstruments 2022-12-31 11405500 frs-core:SharePremium 2022-12-31 11405500 frs-core:ShareCapital 2022-12-31 11405500 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11405500 frs-bus:OrdinaryShareClass1 2022-07-01 2022-12-31 11405500 frs-bus:OrdinaryShareClass2 2022-07-01 2022-12-31
Registered number: 11405500
Artificial Artists Ltd
ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Brooks Carling Accountants Ltd
Reporting accountants
Highview House, 1st Floor Tattenham Crescent
Epsom
KT18 5QJ
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11405500
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,962 5,308
2,962 5,308
CURRENT ASSETS
Debtors 43,762 88,287
Cash at bank and in hand 151,948 208,020
195,710 296,307
Creditors: Amounts Falling Due Within One Year (5,093 ) (31,315 )
NET CURRENT ASSETS (LIABILITIES) 190,617 264,992
TOTAL ASSETS LESS CURRENT LIABILITIES 193,579 270,300
Creditors: Amounts Falling Due After More Than One Year (450,000 ) (450,000 )
NET LIABILITIES (256,421 ) (179,700 )
CAPITAL AND RESERVES
Called up share capital 5 1,460 1,460
Share premium account 458,698 458,698
Profit and Loss Account (716,579 ) (639,858 )
SHAREHOLDERS' FUNDS (256,421) (179,700)
Page 1
Page 2
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
T S Phillips
Director
24 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Artificial Artists Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11405500 . The registered office is Highview House, 1st Floor, Tattenham Crescent, Epsom, Surrey, KT18 5QJ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The financial statements have therefore been prepared on the going concern basis notwithstanding the fact that the company is technically insolvent. This is because the director-shareholders have pledged their ongoing support including providing whatever financial support is necessary for the company to meet its financial obligations.
2.3. 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.
2.4. 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:
Plant & Machinery Straight line over 3 years
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
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Page 4
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 18,796
Additions 197
As at 31 December 2023 18,993
Depreciation
As at 1 January 2023 13,488
Provided during the period 2,543
As at 31 December 2023 16,031
Net Book Value
As at 31 December 2023 2,962
As at 1 January 2023 5,308
5. Share Capital
31 December 2023 31 December 2022
Allotted, called up and fully paid £ £
101,604 Ordinary Shares of £ 0.010 each 1,016 1,016
4,404 Ordinary A shares of £ 0.010 each 444 444
1,460 1,460
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