BrightAccountsProduction v1.0.0 v1.0.0 2023-01-31 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of recruitment. 30 September 2024 NI689261 2024-03-31 NI689261 2023-01-30 NI689261 2023-01-31 2024-03-31 NI689261 uk-bus:PrivateLimitedCompanyLtd 2023-01-31 2024-03-31 NI689261 uk-curr:PoundSterling 2023-01-31 2024-03-31 NI689261 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-31 2024-03-31 NI689261 uk-bus:AbridgedAccounts 2023-01-31 2024-03-31 NI689261 uk-core:ShareCapital 2024-03-31 NI689261 uk-core:SharePremium 2024-03-31 NI689261 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI689261 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI689261 uk-bus:FRS102 2023-01-31 2024-03-31 NI689261 uk-core:Goodwill 2023-01-31 2024-03-31 NI689261 uk-core:FurnitureFittingsToolsEquipment 2023-01-31 2024-03-31 NI689261 uk-core:Goodwill 2023-01-30 NI689261 uk-core:Goodwill 2024-03-31 NI689261 2023-01-31 2024-03-31 NI689261 uk-bus:Director1 2023-01-31 2024-03-31 NI689261 uk-bus:AuditExempt-NoAccountantsReport 2023-01-31 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI689261
 
 
Artemis Search and Selection Limited
 
Date of Incorporation
27 June 2022
 
Abridged Unaudited Financial Statements
 
for the financial period ended 31 March 2024
Artemis Search and Selection Limited
Company Registration Number: NI689261
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 March 2024

Mar 24
Notes £
 
Non-Current Assets
Intangible assets 5 441,667
Property, plant and equipment 6 2,431
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Non-Current Assets 444,098
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Current Assets
Debtors 134,280
Cash and cash equivalents 211,463
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345,743
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Creditors: amounts falling due within one year (91,618)
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Net Current Assets 254,125
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Total Assets less Current Liabilities 698,223
 
Creditors:
amounts falling due after more than one year (234,957)
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Net Assets 463,266
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Capital and Reserves
Called up share capital 20
Share premium account 476,046
Retained earnings (12,800)
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Equity attributable to owners of the company 463,266
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The financial statements have been prepared 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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.
For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 30 September 2024 and signed on its behalf by
       
       
       
________________________________      
Ms. Sarah Orange      
Director      
       



Artemis Search and Selection Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period ended 31 March 2024

   
1. General Information
 
Artemis Search and Selection Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI689261. The registered office of the company is 3rd Floor, Lesley Suites, 2-12 Montgomery Street, Belfast, BT1 4NX, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 0 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Straight line
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
   
3. Period of financial statements
 
The financial statements are for the 14 month 1 day period ended 31 March 2024.
Date company was incorporated:
27 June 2022
     
4. Employees
 
The average monthly number of employees, including directors, during the financial period was:
 
  Mar 24
  Number
 
Directors 5
Employees 14
  ─────────
  19
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5. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 31 January 2023 - -
Additions 500,000 500,000
  ───────── ─────────
At 31 March 2024 500,000 500,000
  ───────── ─────────
Amortisation
Charge for financial period 58,333 58,333
  ───────── ─────────
At 31 March 2024 58,333 58,333
  ───────── ─────────
Net book value
At 31 March 2024 441,667 441,667
  ═════════ ═════════
       
6. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 31 January 2023 - -
Additions 2,914 2,914
  ───────── ─────────
At 31 March 2024 2,914 2,914
  ───────── ─────────
Depreciation
At 31 January 2023 - -
On disposals 483 483
  ───────── ─────────
At 31 March 2024 483 483
  ───────── ─────────
Net book value
At 31 March 2024 2,431 2,431
  ═════════ ═════════
   
7. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial period-end.