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Logo On Report
Registered Number: 10977657
England and Wales

 

 

 

ARTFACTORY PRODUCTION LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Director Svetlana Marich
Registered Number 10977657
Registered Office Belgrave House
39-43 Monument Hill
Weybridge
KT13 8RN
Accountants Ward Williams Creatives Limited
Belgrave House
39-43 Monument Hill
Weybridge
Surrey
KT13 8RN
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 29 February 2024
Principal activities
The companys principal activity during the year was other business support service activities not elsewhere classified
Director
The director who served the company throughout the year was as follows:
Svetlana Marich
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Svetlana Marich
Director

Date approved: 29 November 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3   23 
  23 
Current assets      
Stocks 4   5,750 
Debtors 5   778 
Cash at bank and in hand 1,020    2,941 
1,020    9,469 
Creditors: amount falling due within one year 6 (73,596)   (78,438)
Net current assets (72,576)   (68,969)
 
Total assets less current liabilities (72,576)   (68,946)
Net assets (72,576)   (68,946)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (72,676)   (69,046)
Shareholders' funds (72,576)   (68,946)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 November 2024 and were signed by:


-------------------------------
Svetlana Marich
Director
3
General Information
Artfactory Production Limited is a private company, limited by shares, registered in England and Wales, registration number 10977657, registration address Belgrave House, 39-43 Monument Hill , Weybridge, KT13 8RN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2023 2,316    2,316 
Additions  
Disposals  
At 29 February 2024 2,316    2,316 
Depreciation
At 01 March 2023 2,293    2,293 
Charge for year 23    23 
On disposals  
At 29 February 2024 2,316    2,316 
Net book values
Closing balance as at 29 February 2024  
Opening balance as at 01 March 2023 23    23 


4.

Stocks

2024
£
  2023
£
Stocks   5,750 
  5,750 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
VAT   778 
  778 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 4,644    11,633 
Amounts Owed to Group Undertakings 41,396    45,477 
Other Creditors (2)   (1)
Directors' Current Accounts 14,029    21,329 
VAT 13,529   
73,596    78,438 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Malevich Ltd4,081 (41,396)(45,477)

4