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Company Registration No. 08389309 (England and Wales)
Iamgraphicartist Ltd Unaudited accounts for the year ended 31 March 2024
Iamgraphicartist Ltd Unaudited accounts Contents
Page
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Iamgraphicartist Ltd Company Information for the year ended 31 March 2024
Director
Mr Miguel Rato
Secretary
Mr Miguel Rato
Company Number
08389309 (England and Wales)
Registered Office
Flat 204 Ink Court 419 Wick Lane London E3 2PX England
Accountants
Accounts Studio Ltd 20-22 Wenlock Road London N1 7GU
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Iamgraphicartist Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,606 
2,240 
Current assets
Debtors
19,482 
7,847 
Cash at bank and in hand
30,712 
38,488 
50,194 
46,335 
Creditors: amounts falling due within one year
(20,866)
(6,843)
Net current assets
29,328 
39,492 
Net assets
31,934 
41,732 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
31,932 
41,730 
Shareholders' funds
31,934 
41,732 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
Mr Miguel Rato Director Company Registration No. 08389309
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Iamgraphicartist Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Iamgraphicartist Ltd is a private company, limited by shares, registered in England and Wales, registration number 08389309. The registered office is Flat 204 Ink Court, 419 Wick Lane, London, E3 2PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
25,453 
Additions
2,892 
At 31 March 2024
28,345 
Depreciation
At 1 April 2023
23,213 
Charge for the year
2,526 
At 31 March 2024
25,739 
Net book value
At 31 March 2024
2,606 
At 31 March 2023
2,240 
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Iamgraphicartist Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
462 
438 
Trade debtors
12,424 
7,409 
Other debtors
6,596 
- 
19,482 
7,847 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
20,472 
6,384 
Loans from directors
394 
459 
20,866 
6,843 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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