PTP Accounts Production v24.3.0.553 SC336818 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3368182023-01-31SC3368182024-01-31SC3368182023-02-012024-01-31SC3368182022-01-31SC3368182022-02-012023-01-31SC3368182023-01-31SC336818ns15:Scotland2023-02-012024-01-31SC336818ns14:PoundSterling2023-02-012024-01-31SC336818ns10:Director12023-02-012024-01-31SC336818ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC336818ns10:SmallEntities2023-02-012024-01-31SC336818ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC336818ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC336818ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC336818ns10:AbridgedAccounts2023-02-012024-01-31SC336818ns10:OrdinaryShareClass12023-02-012024-01-31SC336818ns10:CompanySecretary12023-02-012024-01-31SC336818ns10:RegisteredOffice2023-02-012024-01-31SC336818ns5:CurrentFinancialInstruments2024-01-31SC336818ns5:CurrentFinancialInstruments2023-01-31SC336818ns5:Non-currentFinancialInstruments2024-01-31SC336818ns5:Non-currentFinancialInstruments2023-01-31SC336818ns5:ShareCapital2024-01-31SC336818ns5:ShareCapital2023-01-31SC336818ns5:RetainedEarningsAccumulatedLosses2024-01-31SC336818ns5:RetainedEarningsAccumulatedLosses2023-01-31SC336818ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-02-012024-01-31SC336818ns5:PlantMachinery2023-02-012024-01-31SC336818ns5:FurnitureFittings2023-02-012024-01-31SC336818ns5:ComputerEquipment2023-02-012024-01-31SC336818ns5:Secured2024-01-31SC336818ns5:Secured2023-01-31SC336818ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: SC336818 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

ARTISAN WISHAW LIMITED

ARTISAN WISHAW LIMITED (REGISTERED NUMBER: SC336818)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ARTISAN WISHAW LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Mather





SECRETARY: Mrs F Mather





REGISTERED OFFICE: 26 Castledyke Road
Carstairs Village
Lanark
ML11 8SU





REGISTERED NUMBER: SC336818 (Scotland)





ACCOUNTANTS: Thomson Currie Accountancy Limited
Chartered Accountants
7 Pickering House
Netherton Road
Wishaw
ML2 0EQ

ARTISAN WISHAW LIMITED (REGISTERED NUMBER: SC336818)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,780 189,468

CURRENT ASSETS
Stocks 178,400 172,860
Debtors 1,527 15,678
Cash at bank and in hand 3,134 5,621
183,061 194,159
CREDITORS
Amounts falling due within one year 499,504 479,553
NET CURRENT LIABILITIES (316,443 ) (285,394 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(135,663

)

(95,926

)

CREDITORS
Amounts falling due after more than one
year

5

41,882

52,825
NET LIABILITIES (177,545 ) (148,751 )

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings (177,565 ) (148,771 )
SHAREHOLDERS' FUNDS (177,545 ) (148,751 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

ARTISAN WISHAW LIMITED (REGISTERED NUMBER: SC336818)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





D Mather - Director


ARTISAN WISHAW LIMITED (REGISTERED NUMBER: SC336818)

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

1. STATUTORY INFORMATION

ARTISAN WISHAW LIMITED is a private company, limited by shares , registered in Scotland. 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 consideration received or receivable, excluding value added tax. Turnover from the sale of goods is recognised at the date of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ARTISAN WISHAW LIMITED (REGISTERED NUMBER: SC336818)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 323,683
DEPRECIATION
At 1 February 2023 134,215
Charge for year 8,688
At 31 January 2024 142,903
NET BOOK VALUE
At 31 January 2024 180,780
At 31 January 2023 189,468

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals
£   
COST
At 1 February 2023
and 31 January 2024 3,460
DEPRECIATION
At 1 February 2023 173
Charge for year 329
At 31 January 2024 502
NET BOOK VALUE
At 31 January 2024 2,958
At 31 January 2023 3,287

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans 9,585 19,490

ARTISAN WISHAW LIMITED (REGISTERED NUMBER: SC336818)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 52,648 62,553

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
20 Ordinary £1 20 20

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Creditors falling due within one year includes a directors loan account. The loan account was not overdrawn during the year.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs Mather.