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REGISTERED NUMBER: 08432454 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Art of Management & Organization

Art of Management & Organization (Registered number: 08432454)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Art of Management & Organization

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Professor S A Linstead
Professor S S Taylor
Dr J Ward





REGISTERED OFFICE: 18 Croft Road
Cosby
Leicester
Leicestershire
LE9 1SE





REGISTERED NUMBER: 08432454 (England and Wales)





ACCOUNTANTS: Webb Teasdale Accountancy Ltd
Boston House
Grove Business Park
Downsview Road
Wantage
Oxfordshire
OX12 9FF

Art of Management & Organization (Registered number: 08432454)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190 307

CURRENT ASSETS
Debtors 5 306 61
Cash at bank 9,877 8,296
10,183 8,357
CREDITORS
Amounts falling due within one year 6 4,281 952
NET CURRENT ASSETS 5,902 7,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,092

7,712

PROVISIONS FOR LIABILITIES - 58
NET ASSETS 6,092 7,654

RESERVES
Income and expenditure account 6,092 7,654
6,092 7,654

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 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 surplus or deficit 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 Board of Directors and authorised for issue on 25 August 2024 and were signed on its behalf by:




Dr J Ward - Director


Art of Management & Organization (Registered number: 08432454)

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

1. STATUTORY INFORMATION

Art of Management & Organization is a private company, limited by guarantee , 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

Art of Management & Organization (Registered number: 08432454)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 381 373 754
DEPRECIATION
At 1 April 2023 96 351 447
Charge for year 96 21 117
At 31 March 2024 192 372 564
NET BOOK VALUE
At 31 March 2024 189 1 190
At 31 March 2023 285 22 307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 306 61

Other debtors refers to deferred tax on losses carried forward

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 3,681 -
Taxation and social security - 351
Other creditors 600 601
4,281 952

Other creditors reflect accrued expenses for accountancy

7. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have any share capital