IRIS Accounts Production v24.3.0.553 13258846 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132588462023-01-31132588462024-01-31132588462023-02-012024-01-31132588462022-01-31132588462022-02-012023-01-31132588462023-01-3113258846ns15:EnglandWales2023-02-012024-01-3113258846ns14:PoundSterling2023-02-012024-01-3113258846ns10:Director12023-02-012024-01-3113258846ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3113258846ns10:SmallEntities2023-02-012024-01-3113258846ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3113258846ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3113258846ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3113258846ns10:FullAccounts2023-02-012024-01-311325884612023-02-012024-01-3113258846ns10:OrdinaryShareClass12023-02-012024-01-3113258846ns10:Director22023-02-012024-01-3113258846ns10:Director32023-02-012024-01-3113258846ns10:Director52023-02-012024-01-3113258846ns10:RegisteredOffice2023-02-012024-01-3113258846ns5:CurrentFinancialInstruments2024-01-3113258846ns5:CurrentFinancialInstruments2023-01-3113258846ns5:ShareCapital2024-01-3113258846ns5:ShareCapital2023-01-3113258846ns5:RetainedEarningsAccumulatedLosses2024-01-3113258846ns5:RetainedEarningsAccumulatedLosses2023-01-3113258846ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3113258846ns5:ComputerSoftware2023-02-012024-01-3113258846ns5:ComputerSoftware2023-01-3113258846ns5:ComputerSoftware2024-01-3113258846ns5:ComputerSoftware2023-01-3113258846ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3113258846ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3113258846ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 13258846 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

ARTEMIS INFINITY LIMITED

ARTEMIS INFINITY LIMITED (REGISTERED NUMBER: 13258846)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARTEMIS INFINITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mr B J B Collins
Mrs Z O Collins
Mr A J Phillips
Mr J T Carroll





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





REGISTERED NUMBER: 13258846 (England and Wales)






ARTEMIS INFINITY LIMITED (REGISTERED NUMBER: 13258846)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 36,248 46,197

CURRENT ASSETS
Debtors 6 3,057 4,442
Cash at bank and in hand 6,246 5,762
9,303 10,204
CREDITORS
Amounts falling due within one year 7 65,801 67,927
NET CURRENT LIABILITIES (56,498 ) (57,723 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,250

)

(11,526

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (21,250 ) (12,526 )
SHAREHOLDERS' FUNDS (20,250 ) (11,526 )

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

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

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2024 and were signed on its behalf by:





Mrs Z O Collins - Director


ARTEMIS INFINITY LIMITED (REGISTERED NUMBER: 13258846)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

Artemis Infinity Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The company is currently reliant upon the support of a connected company. The total amount owing to this connected company at 31st January 2024 was £63,911. Due to this ongoing support, the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

ARTEMIS INFINITY LIMITED (REGISTERED NUMBER: 13258846)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


3. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st February 2023 57,746
Additions 2,000
At 31st January 2024 59,746
AMORTISATION
At 1st February 2023 11,549
Amortisation for year 11,949
At 31st January 2024 23,498
NET BOOK VALUE
At 31st January 2024 36,248
At 31st January 2023 46,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,057 4,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 14,026
Other creditors 65,801 53,901
65,801 67,927

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary 1p 1,000 1,000