Company Registration No. 12514352 (England and Wales)
THE ARTERIAL GROUP LIMITED
Unaudited accounts
for the period from 1 April 2023 to 31 December 2023
THE ARTERIAL GROUP LIMITED
Unaudited accounts
Contents
THE ARTERIAL GROUP LIMITED
Company Information
for the period from 1 April 2023 to 31 December 2023
Directors
Grant Powell
Olasumbo Akinyemi
Company Number
12514352 (England and Wales)
Registered Office
25
Eccleston Place
LONDON
SW1W 9NF
ENGLAND
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of THE ARTERIAL GROUP LIMITED for the period from 1 April 2023 to 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
THE ARTERIAL GROUP LIMITED for the period from
1 April 2023 to
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of THE ARTERIAL GROUP LIMITED, as a body, in accordance with the terms of our engagement letter dated 24 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of THE ARTERIAL GROUP LIMITED and state those matters that we have agreed to state to the Board of Directors of THE ARTERIAL GROUP LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE ARTERIAL GROUP LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE ARTERIAL GROUP LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of THE ARTERIAL GROUP LIMITED. You consider that THE ARTERIAL GROUP LIMITED is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of THE ARTERIAL GROUP LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Arth Limited
Chartered Accountants
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
30 April 2024
THE ARTERIAL GROUP LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
23,092
21,347
Cash at bank and in hand
52,374
448,670
Creditors: amounts falling due within one year
(72,575)
(410,468)
Net current assets
108,610
90,332
Net assets
131,702
111,679
Called up share capital
100
100
Profit and loss account
131,602
111,579
Shareholders' funds
131,702
111,679
For the period ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Grant Powell
Director
Company Registration No. 12514352
THE ARTERIAL GROUP LIMITED
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
THE ARTERIAL GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12514352. The registered office is 25 , Eccleston Place, LONDON, SW1W 9NF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the commission charged on rent received by The Arterial Group, on behalf of the client during the accounting period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line @ 20%
Computer equipment
Straight line @ 20%
The accounts have been prepared on a going concern basis.
THE ARTERIAL GROUP LIMITED
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
26,249
12,389
38,638
At 31 December 2023
26,249
21,883
48,132
At 1 April 2023
11,511
5,780
17,291
Charge for the period
1,499
6,250
7,749
At 31 December 2023
13,010
12,030
25,040
At 31 December 2023
13,239
9,853
23,092
At 31 March 2023
14,738
6,609
21,347
5
Debtors
31/12/2023
31/03/2023
Amounts falling due within one year
Trade debtors
149,348
47,477
Accrued income and prepayments
7,809
4,394
6
Creditors: amounts falling due within one year
31/12/2023
31/03/2023
Trade creditors
23,325
160,991
Taxes and social security
33,875
18,821
Other creditors
3,116
168,916
Loans from directors
4,191
4,192
7
Average number of employees
During the period the average number of employees was 13 (31/03/2023: 11).