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REGISTERED NUMBER: 09960704 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Articise Ltd

Articise Ltd (Registered number: 09960704)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Articise Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: B D Ballantine





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 09960704 (England and Wales)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Articise Ltd (Registered number: 09960704)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,915 5,056

CURRENT ASSETS
Debtors 5 16,662 9,600
Cash at bank 27,181 55,940
43,843 65,540
CREDITORS
Amounts falling due within one year 6 24,570 33,823
NET CURRENT ASSETS 19,273 31,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,188

36,773

CREDITORS
Amounts falling due after more than one year 7 (10,918 ) (16,953 )

PROVISIONS FOR LIABILITIES (554 ) (1,264 )
NET ASSETS 10,716 18,556

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,715 18,555
10,716 18,556

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 director and authorised for issue on 26 August 2024 and were signed by:




B D Ballantine - Director


Articise Ltd (Registered number: 09960704)

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

1. STATUTORY INFORMATION

Articise 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.
Fixtures and fittings - 33% on cost
Computer equipments - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid. Debtors receivable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Articise Ltd (Registered number: 09960704)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipments Totals
£    £    £   
COST
At 1 February 2023 470 21,639 22,109
Additions - 458 458
At 31 January 2024 470 22,097 22,567
DEPRECIATION
At 1 February 2023 470 16,583 17,053
Charge for year - 2,599 2,599
At 31 January 2024 470 19,182 19,652
NET BOOK VALUE
At 31 January 2024 - 2,915 2,915
At 31 January 2023 - 5,056 5,056

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 11,562 -
Prepayments and accrued income 5,100 9,600
16,662 9,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,045 5,895
Tax 6,916 9,067
VAT 4,829 4,368
Other creditors 5,699 6,511
Directors' current accounts 19 1,889
Accrued expenses 1,062 6,093
24,570 33,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 6,195 6,045
Bank loans - 2-5 years 4,723 10,908
10,918 16,953

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £35,801 (2023 - £27,000) were paid to the director .