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REGISTERED NUMBER: 10011590 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Artz Ltd

Artz Ltd (Registered number: 10011590)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Artz Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Dr T Y Mian
Dr R Y Mian





SECRETARY:





REGISTERED OFFICE: 70 High Street
Pembury
Tunbridge Wells
TN2 4NG





REGISTERED NUMBER: 10011590 (England and Wales)





ACCOUNTANTS: MSR GROUP LTD
MSR House
329 Ley Street
Ilford
Essex
IG1 4AA

Artz Ltd (Registered number: 10011590)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 529 661
Investments 5 174,578 -
175,107 661

CURRENT ASSETS
Debtors 6 362,214 496,595
Cash at bank 52,886 186,189
415,100 682,784
CREDITORS
Amounts falling due within one year 7 40,071 178,895
NET CURRENT ASSETS 375,029 503,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,136

504,550

CREDITORS
Amounts falling due after more than one year 8 20,991 27,400
NET ASSETS 529,145 477,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 529,045 477,050
SHAREHOLDERS' FUNDS 529,145 477,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Artz Ltd (Registered number: 10011590)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





Dr T Y Mian - Director


Artz Ltd (Registered number: 10011590)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Artz Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Artz Ltd (Registered number: 10011590)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 2,777
DEPRECIATION
At 1 March 2023 2,116
Charge for year 132
At 29 February 2024 2,248
NET BOOK VALUE
At 29 February 2024 529
At 28 February 2023 661

5. FIXED ASSET INVESTMENTS
Other
loans
£   
New in year 174,578
At 29 February 2024 174,578

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 362,214 496,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors (1 ) -
Taxation and social security 40,072 178,895
40,071 178,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 20,991 27,400

Artz Ltd (Registered number: 10011590)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,991 27,400