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REGISTERED NUMBER: 03783082 (England and Wales)












Artefract Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Artefract Limited (Registered number: 03783082)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Artefract Limited

Company Information
for the Year Ended 31 March 2024







Director: G M Ashton





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 03783082 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Artefract Limited (Registered number: 03783082)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,502 2,416
Investments 5 45,961 42,359
48,463 44,775

Current assets
Debtors 6 145 340
Cash at bank 22,912 4,474
23,057 4,814
Creditors
Amounts falling due within one year 7 38,421 42,909
Net current liabilities (15,364 ) (38,095 )
Total assets less current liabilities 33,099 6,680

Capital and reserves
Called up share capital 8 2 2
Retained earnings 33,097 6,678
Shareholders' funds 33,099 6,680

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Artefract Limited (Registered number: 03783082)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 31 October 2024 and were signed by:





G M Ashton - Director


Artefract Limited (Registered number: 03783082)

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

1. Statutory information

Artefract 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged in the profit and loss account.

Artefract Limited (Registered number: 03783082)

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

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023 1,208 480 9,130 10,818
Additions - - 1,970 1,970
At 31 March 2024 1,208 480 11,100 12,788
Depreciation
At 1 April 2023 1,125 399 6,878 8,402
Charge for year 17 16 1,851 1,884
At 31 March 2024 1,142 415 8,729 10,286
Net book value
At 31 March 2024 66 65 2,371 2,502
At 31 March 2023 83 81 2,252 2,416

5. Fixed asset investments
Other
investment
£   
Cost or valuation
At 1 April 2023 42,359
Additions 3,602
At 31 March 2024 45,961
Net book value
At 31 March 2024 45,961
At 31 March 2023 42,359

Cost or valuation at 31 March 2024 is represented by:

Other
investment
£   
Valuation in 2024 45,961

Artefract Limited (Registered number: 03783082)

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

6. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Other debtors 7 -
VAT 138 340
145 340

7. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Corporation tax 2,812 -
Social security and other taxes - 392
Company Credit Cards - 341
Directors' current accounts 35,609 42,176
38,421 42,909

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2