AN:Artists Information Company |
Registered Number:01626331 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
AN:Artists Information Company
Statement of Financial Position
2023
2024
Property, plant and equipment |
14,510
5,474
2
14,510
5,474
Trade and other receivables |
43,363
57,323
3
783,687
Cash and cash equivalents |
812,074
869,397
827,050
Trade and other payables: amounts falling due within one |
year |
(157,161)
(167,237)
4
669,889
702,160
Net current assets
Total assets less current liabilities |
716,670
675,363
716,670
Net assets
675,363
716,670
675,363
716,670
675,363
Members' Funds
For the year ended 31 March 2024 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 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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Andrew Robert Brumwell Director |
These financial statements were approved and authorised for issue by the Board on 27 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
AN:Artists Information Company
Notes to the Financial Statements
Statutory Information
AN:Artists Information Company is a private limited company, limited by guarantee, domiciled in England and Wales, |
registration number 01626331. |
Studio 19 Highbridge Works
31-39 High Bridge
Newcastle Upon Tyne
NE1 1EW
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
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For the year ended 31 March 2024
AN:Artists Information Company
Notes to the Financial Statements Continued
2. Property, plant and equipment |
46,630
29,108
17,522
11,840
11,840
-
17,522
40,948
58,470
Provision for depreciation and impairment |
41,156
28,074
13,082
Charge for year
2,804
1,694
1,110
43,960
29,768
14,192
3,330
11,180
14,510
4,440
1,034
5,474
3. Trade and other receivables |
2023
2024
16,491
12,444
40,832
30,919
43,363
57,323
4. Trade and other payables: amounts falling due within one year |
2023
2024
24,346
54,716
Taxation and social security |
50,596
56,433
92,295
46,012
167,237
157,161
5. Related party transactions |
The company made payments to some of its directors or their associated businesses during the year for the |
services they supplied to the company in the ordinary course of its business, including reimbursement of expenses |
incurred in providing those services. These payments amount to £33,318 (2023 - £22,900) during the year. |
6. Average number of persons employed |
During the year the average number of employees was 11 (2023 : 13)
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