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REGISTERED NUMBER: 04385732 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Artefekz Limited

Artefekz Limited (Registered number: 04385732)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Artefekz Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A G Wall





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 04385732 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Artefekz Limited (Registered number: 04385732)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,737 10,926

CURRENT ASSETS
Debtors 5 139,242 139,891
Cash at bank 15,941 11,966
155,183 151,857
CREDITORS
Amounts falling due within one year 6 155,521 152,062
NET CURRENT LIABILITIES (338 ) (205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,399

10,721

CREDITORS
Amounts falling due after more than one
year

7

(15,468

)

(26,305

)

PROVISIONS FOR LIABILITIES (950 ) -
NET LIABILITIES (8,019 ) (15,584 )

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (8,129 ) (15,694 )
(8,019 ) (15,584 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Artefekz Limited (Registered number: 04385732)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2024 and were signed by:





A G Wall - Director


Artefekz Limited (Registered number: 04385732)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Artefekz Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - Period of lease
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Artefekz Limited (Registered number: 04385732)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 7,594 7,543 170 10,531 25,838
DEPRECIATION
At 1 April 2023 1,133 7,543 127 6,109 14,912
Charge for year 1,519 - 7 663 2,189
At 31 March 2024 2,652 7,543 134 6,772 17,101
NET BOOK VALUE
At 31 March 2024 4,942 - 36 3,759 8,737
At 31 March 2023 6,461 - 43 4,422 10,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 112,250 114,372
Other debtors 23,000 23,000
Prepayments 3,992 2,519
139,242 139,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,312 9,341
Trade creditors 80,669 81,986
Amounts owed to group undertakings 3,718 3,721
Social security and other taxes 2,130 1,812
VAT 54,075 51,772
Other creditors - 70
Pension Creditor 1,867 410
Accrued expenses 2,750 2,950
155,521 152,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 15,468 26,305

Artefekz Limited (Registered number: 04385732)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

During the year the company made sales to and purchases from Defenda Marketing Services Limited which has certain individuals who are directors and shareholders who are common to both companies and shareholders amounting to, £866 and £nil at the 31.03.24 £Nil was owed to the company in respect of this (2023 £nil).

During the year the company made sales to and purchases from Defenda Packaging Limited which has certain individuals who are directors and shareholders who are common to both companies amounting to, £339,917 and £1,800 at the 31.03.24 £23,069 was owed to the company in respect of this (2032 £23,069).

During the year the company made sales to and purchases from Defenda Transport and Logistics Limited which has certain individuals who are directors and shareholders who are common to both companies amounting to, £nil and £nil at the 31.03.24 £112 was outstanding in respect of this (2023 £112l).

During the year the company made sales to and purchases from Ozymandias Web Services Limited which has certain individuals who are directors and shareholders who are common to both companies amounting to, £nil and £2,351 at the 31.03.24 £217 was owed to the company in respect of this (2023 £221l).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Clark by virtue of his majority shareholding in the company.