2023-04-01 01626331 2024-03-31 01626331 2023-04-01 2024-03-31 01626331 2023-03-31 01626331 2022-04-01 2023-03-31 01626331 uk-core:WithinOneYear 2023-03-31 01626331 uk-core:WithinOneYear 2024-03-31 01626331 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 01626331 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 01626331 uk-bus:Director1 2023-04-01 2024-03-31 01626331 uk-core:ToolsEquipment 2023-04-01 2024-03-31 01626331 uk-core:FurnitureFittings 2023-04-01 2024-03-31 01626331 uk-core:ToolsEquipment 2023-03-31 01626331 uk-core:FurnitureFittings 2023-03-31 01626331 uk-core:FurnitureFittings 2024-03-31 01626331 uk-core:ToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure 01626331 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01626331 uk-bus:FRS102 2023-04-01 2024-03-31 01626331 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 01626331 uk-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31
AN:Artists Information Company
Registered Number:01626331
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
01626331
As at 31 March 2024
AN:Artists Information Company
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
14,510
5,474
2
14,510
5,474
Current assets
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
Capital and reserves
Retained earnings
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
1 of 3
3
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.
Registered address:
Studio 19 Highbridge Works
31-39 High Bridge
Newcastle Upon Tyne
NE1 1EW
The presentation currency is £ sterling.
1. Accounting policies
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:
33% Straight line
Computer equipment
25% Reducing balance
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.
2 of 3
4
For the year ended 31 March 2024
AN:Artists Information Company
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2023
46,630
29,108
17,522
11,840
11,840
-
Additions
At 31 March 2024
17,522
40,948
58,470
Provision for depreciation and impairment
At 01 April 2023
41,156
28,074
13,082
Charge for year
2,804
1,694
1,110
At 31 March 2024
43,960
29,768
14,192
At 31 March 2024
Net book value
3,330
11,180
14,510
At 31 March 2023
4,440
1,034
5,474
3. Trade and other receivables
2023
2024
£
£
Trade debtors
16,491
12,444
Other debtors
40,832
30,919
43,363
57,323
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
24,346
54,716
Taxation and social security
50,596
56,433
Other creditors
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)
3 of 3