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REGISTERED NUMBER: 05062462 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ART HOUSE CREATIVE INTERIORS LIMITED

ART HOUSE CREATIVE INTERIORS LIMITED (REGISTERED NUMBER: 05062462)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ART HOUSE CREATIVE INTERIORS LIMITED (REGISTERED NUMBER: 05062462)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 193,755 162,499
193,755 162,499

CURRENT ASSETS
Stocks 10,772 18,058
Debtors 6 163,884 118,608
Cash at bank and in hand 453,625 590,609
628,281 727,275
CREDITORS
Amounts falling due within one year 7 386,356 440,311
NET CURRENT ASSETS 241,925 286,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,680

449,463

CREDITORS
Amounts falling due after more than one year 8 - (15,365 )

PROVISIONS FOR LIABILITIES (27,060 ) (27,060 )
NET ASSETS 408,620 407,038

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 408,520 406,938
SHAREHOLDERS' FUNDS 408,620 407,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

ART HOUSE CREATIVE INTERIORS LIMITED (REGISTERED NUMBER: 05062462)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





J Otulakowski - Director


ART HOUSE CREATIVE INTERIORS LIMITED (REGISTERED NUMBER: 05062462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Art House Creative Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05062462

Registered office: 57 London Road
Alderley Edge
SK9 7DY

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.

Goodwill
Goodwill is being amortised over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 17% on cost
Improvements to property - 17% on cost
Plant and machinery - 33% on reducing balance
Showroom - not depreciated
Motor vehicles - 25% on reducing balance
Office Equipment - 33% on reducing balance

The residual value of the Showroom is currently greater than its original cost, as such no depreciation is charged this year. The director will review this on an annual basis.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

ART HOUSE CREATIVE INTERIORS LIMITED (REGISTERED NUMBER: 05062462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 21,000
AMORTISATION
At 1 December 2022
and 30 November 2023 21,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

ART HOUSE CREATIVE INTERIORS LIMITED (REGISTERED NUMBER: 05062462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 December 2022 10,000 104,496 37,595
Additions - 8,078 -
Disposals - - -
At 30 November 2023 10,000 112,574 37,595
DEPRECIATION
At 1 December 2022 10,000 98,815 37,080
Charge for year - 2,218 354
Eliminated on disposal - - -
At 30 November 2023 10,000 101,033 37,434
NET BOOK VALUE
At 30 November 2023 - 11,541 161
At 30 November 2022 - 5,681 515

Motor Office
Showroom vehicles Equipment Totals
£    £    £    £   
COST
At 1 December 2022 136,831 18,145 4,382 311,449
Additions 65,613 32,025 - 105,716
Disposals (48,603 ) (18,145 ) - (66,748 )
At 30 November 2023 153,841 32,025 4,382 350,417
DEPRECIATION
At 1 December 2022 - 2,268 787 148,950
Charge for year - 7,728 1,003 11,303
Eliminated on disposal - (3,591 ) - (3,591 )
At 30 November 2023 - 6,405 1,790 156,662
NET BOOK VALUE
At 30 November 2023 153,841 25,620 2,592 193,755
At 30 November 2022 136,831 15,877 3,595 162,499

ART HOUSE CREATIVE INTERIORS LIMITED (REGISTERED NUMBER: 05062462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,890 23,918
Other debtors 131,994 94,690
163,884 118,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,567
Trade creditors 165,315 186,731
Taxation and social security 10,318 39,990
Other creditors 210,723 210,023
386,356 440,311

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 15,365

9. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 30 November 2023 of £2,989 (2022: £42,618).