Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2023-02-01false22truetruefalse 13120334 2023-02-01 2024-01-31 13120334 2022-02-01 2023-01-31 13120334 2024-01-31 13120334 2023-01-31 13120334 c:Director1 2023-02-01 2024-01-31 13120334 c:RegisteredOffice 2023-02-01 2024-01-31 13120334 d:PlantMachinery 2023-02-01 2024-01-31 13120334 d:PlantMachinery 2024-01-31 13120334 d:PlantMachinery 2023-01-31 13120334 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13120334 d:CurrentFinancialInstruments 2024-01-31 13120334 d:CurrentFinancialInstruments 2023-01-31 13120334 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13120334 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13120334 d:ShareCapital 2024-01-31 13120334 d:ShareCapital 2023-01-31 13120334 d:RetainedEarningsAccumulatedLosses 2024-01-31 13120334 d:RetainedEarningsAccumulatedLosses 2023-01-31 13120334 c:OrdinaryShareClass1 2023-02-01 2024-01-31 13120334 c:OrdinaryShareClass1 2024-01-31 13120334 c:OrdinaryShareClass1 2023-01-31 13120334 c:FRS102 2023-02-01 2024-01-31 13120334 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13120334 c:FullAccounts 2023-02-01 2024-01-31 13120334 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13120334 2 2023-02-01 2024-01-31 13120334 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13120334









ARGOS & ARTEMIS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
ARGOS & ARTEMIS LIMITED
 
 
COMPANY INFORMATION


Director
Noel Siqi Duan 




Registered number
13120334



Registered office
71-75 Shelton Street
Covent Garden

London

England

WC2H 9JQ




Accountants
Donald Reid Limited

18a/20 King Street

Maidenhead

Berkshire

United Kingdom

SL6 1EF





 
ARGOS & ARTEMIS LIMITED
REGISTERED NUMBER: 13120334

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,988
-

  
1,988
-

Current assets
  

Stocks
 5 
27,000
17,683

Debtors: amounts falling due within one year
 6 
2,695
2,791

Cash at bank and in hand
 7 
1,567
564

  
31,262
21,038

Creditors: amounts falling due within one year
 8 
(92,156)
(43,114)

Net current liabilities
  
 
 
(60,894)
 
 
(22,076)

Total assets less current liabilities
  
(58,906)
(22,076)

  

Net liabilities
  
(58,906)
(22,076)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(58,907)
(22,077)

  
(58,906)
(22,076)


Page 1

 
ARGOS & ARTEMIS LIMITED
REGISTERED NUMBER: 13120334
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2024.




Noel Siqi Duan
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ARGOS & ARTEMIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Going concern

At the year end, the company had net liabilities of £58,906 (2023: £22,076). The
company will continue to be supported by its members. As a result, the directors consider it
appropriate to prepare the accounts on the going concern basis.

 
1.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ARGOS & ARTEMIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies (continued)

 
1.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ARGOS & ARTEMIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.Accounting policies (continued)


1.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
1.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

Argos & Artemis Limited is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, England, WC2H 9JQ. The company registration number is 13120334.

Page 5

 
ARGOS & ARTEMIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
2,850



At 31 January 2024

2,850



Depreciation


Charge for the year on owned assets
862



At 31 January 2024

862



Net book value



At 31 January 2024
1,988



At 31 January 2023
-


5.


Stocks

2024
2023
£
£

Raw materials and consumables
27,000
17,683

27,000
17,683



6.


Debtors

2024
2023
£
£


Other debtors
2,695
2,791

2,695
2,791


Page 6

 
ARGOS & ARTEMIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,567
564

1,567
564



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
440

Amounts owed to group undertakings
43,789
31,157

Other creditors
46,512
10,217

Accruals and deferred income
1,855
1,300

92,156
43,114



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



10.


Related party transactions

At the year end, included in creditors is an amount of £46,199 (2023: £10,217) owed by the company to the director.
At the year end, included in creditors is an amount of £43,789 
(2023: £31,157) owed by the company to group companies.

 
Page 7