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Registered number: 01120995

Artisan Refractories Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Artisan Refractories Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Claire Vernon
SECRETARY
Claire Vernon
REGISTERED OFFICE
Oakland Villa, Houghwood Lane
Stockton Brook
Stoke-on-Trent
Staffordshire
ST1 6BG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01120995
BANKERS
National Westminster Bank Plc
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Artisan Refractories Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Artisan Refractories Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets317,94714,963
CURRENT ASSETS
Stock300300
Debtors549,3917,084
Cash at bank and in hand28,24343,734
77,93451,118
CREDITORS: Amounts falling due within one year650,08610,362
NET CURRENT ASSETS27,84840,756
TOTAL ASSETS LESS CURRENT LIABILITIES45,79555,719
CAPITAL AND RESERVES
Called up share capital72,0002,000
Profit and loss account43,79553,719
SHAREHOLDERS' FUNDS45,79555,719
For the year ending 31/12/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/08/2024 and signed on their behalf by
Claire Vernon
Director

Artisan Refractories Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

Artisan Refractories Limited

3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 01/01/202369,37169,371
Additions8,3318,331
At 31/12/202377,70277,702
Depreciation
At 01/01/202354,40854,408
For the year5,3475,347
At 31/12/202359,75559,755
Net Book Amounts
At 31/12/202317,94717,947
At 31/12/202214,96314,963
4. STOCK 20232022
££
Stock comprises:
Stock300300
300300
5. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors47,1566,082
Other Tax1,562-
Other debtors6731,002
49,3917,084

Artisan Refractories Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-2,352
VAT2,7843,005
PAYE control28178
Directors current account1,232930
Trade creditors43,6881,896
Accruals2,1012,101
50,08610,362
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2,000 Ordinary shares of £1 each2,0002,000
2,0002,000