BrightAccountsProduction v1.0.0 v1.0.0 2023-02-01 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 the provison amusement and recreation activities. 11 October 2024 10535130 2024-01-31 10535130 2023-01-31 10535130 2022-01-31 10535130 2023-02-01 2024-01-31 10535130 2022-02-01 2023-01-31 10535130 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10535130 uk-curr:PoundSterling 2023-02-01 2024-01-31 10535130 uk-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10535130 uk-bus:AbridgedAccounts 2023-02-01 2024-01-31 10535130 uk-core:ShareCapital 2024-01-31 10535130 uk-core:ShareCapital 2023-01-31 10535130 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 10535130 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 10535130 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-01-31 10535130 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-01-31 10535130 uk-bus:FRS102 2023-02-01 2024-01-31 10535130 uk-core:PlantMachinery 2023-02-01 2024-01-31 10535130 uk-core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 10535130 uk-core:MotorVehicles 2023-02-01 2024-01-31 10535130 uk-core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 10535130 2023-02-01 2024-01-31 10535130 uk-bus:Director1 2023-02-01 2024-01-31 10535130 uk-bus:Director2 2023-02-01 2024-01-31 10535130 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Artistic Licence UK Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 January 2024



Artistic Licence UK Limited
Company Registration Number: 10535130
ABRIDGED BALANCE SHEET
as at 31 January 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 49,948 34,306
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Current Assets
Stocks 29,276 24,040
Debtors 14,619 7,490
Cash at bank and in hand 35,438 93,944
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79,333 125,474
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Creditors: amounts falling due within one year (16,615) (17,142)
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Net Current Assets 62,718 108,332
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Total Assets less Current Liabilities 112,666 142,638
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Capital and Reserves
Called up share capital 100 100
Retained earnings 112,566 142,538
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Shareholders' Funds 112,666 142,638
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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 Profit and Loss Account and Directors' Report.
For the financial year ended 31 January 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 year 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 year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 11 October 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Mrs H M Murdoch     Mr J D Murdoch
Director     Director
           



Artistic Licence UK Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 January 2024

   
1. General Information
 
Artistic Licence UK Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 7 King Street, Weymouth, Dorset, DT4 7BJ, United Kingdom which is also the principal place of business of the company. The principal activity of the company is the provison amusement and recreation activities. 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 year ended 31 January 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.
 
Tangible assets and depreciation
Tangible assets 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 tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing balance
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% Reducing balance
  Computer equipment - 33% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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.
 
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.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 37, (2023 - 24).
 
  2024 2023
  Number Number
 
Director 1 1
Employee 36 36
  ───────── ─────────
  37 37
  ═════════ ═════════
             
4. Tangible assets
  Plant and Fixtures, Motor Computer equipment Total
  machinery fittings and vehicles    
    equipment      
  £ £ £ £ £
Cost
At 1 February 2023 58,658 21,520 - 7,842 88,020
Additions 8,291 - 23,990 1,978 34,259
Disposals (3,120) (2,500) - (1,425) (7,045)
  ───────── ───────── ───────── ───────── ─────────
At 31 January 2024 63,829 19,020 23,990 8,395 115,234
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 February 2023 34,236 12,848 - 6,630 53,714
Charge for the financial year 6,926 1,215 5,998 1,033 15,172
On disposals (1,842) (694) - (1,064) (3,600)
  ───────── ───────── ───────── ───────── ─────────
At 31 January 2024 39,320 13,369 5,998 6,599 65,286
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 January 2024 24,509 5,651 17,992 1,796 49,948
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 January 2023 24,422 8,672 - 1,212 34,306
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 January 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.