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REGISTERED NUMBER: 04707006 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ART-WRITE (HYTHE) LIMITED

ART-WRITE (HYTHE) LIMITED (REGISTERED NUMBER: 04707006)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

ART-WRITE (HYTHE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: C K Brown





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 04707006 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

ART-WRITE (HYTHE) LIMITED (REGISTERED NUMBER: 04707006)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,715 8,573
Tangible assets 5 17,338 29,795
23,053 38,368

CURRENT ASSETS
Stocks 6 39,560 48,800
Debtors 7 3,643 3,151
Cash at bank and in hand 1,833 7,808
45,036 59,759
CREDITORS
Amounts falling due within one year 8 84,869 90,575
NET CURRENT LIABILITIES (39,833 ) (30,816 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,780

)

7,552

CREDITORS
Amounts falling due after more than one
year

9

(73,242

)

(92,029

)

PROVISIONS FOR LIABILITIES (3,677 ) (5,661 )
NET LIABILITIES (93,699 ) (90,138 )

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings (93,803 ) (90,242 )
SHAREHOLDERS' FUNDS (93,699 ) (90,138 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ART-WRITE (HYTHE) LIMITED (REGISTERED NUMBER: 04707006)

BALANCE SHEET - continued
30 APRIL 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 21 January 2025 and were signed by:





C K Brown - Director


ART-WRITE (HYTHE) LIMITED (REGISTERED NUMBER: 04707006)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Art-write (Hythe) 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.

The director has made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised at the point at which the invoice is raised.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ART-WRITE (HYTHE) LIMITED (REGISTERED NUMBER: 04707006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 28,579
AMORTISATION
At 1 May 2023 20,006
Amortisation for year 2,858
At 30 April 2024 22,864
NET BOOK VALUE
At 30 April 2024 5,715
At 30 April 2023 8,573

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 59,748 23,430 83,178
Additions 3,063 - 3,063
At 30 April 2024 62,811 23,430 86,241
DEPRECIATION
At 1 May 2023 32,617 20,766 53,383
Charge for year 15,121 399 15,520
At 30 April 2024 47,738 21,165 68,903
NET BOOK VALUE
At 30 April 2024 15,073 2,265 17,338
At 30 April 2023 27,131 2,664 29,795

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 39,560 48,800

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,678 2,353
Prepayments 965 798
3,643 3,151

ART-WRITE (HYTHE) LIMITED (REGISTERED NUMBER: 04707006)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 15,008 12,950
Hire purchase contracts 1,525 6,444
Trade creditors 44,667 53,639
Tax 15,023 5,584
Social security and other taxes 234 2,623
VAT 6,406 7,577
Directors' current accounts 354 180
Accrued expenses 1,652 1,578
84,869 90,575

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 15,870 15,056
Bank loans - 2-5 years 20,989 29,431
Bank loans more 5 yr by instal 36,383 46,528
Hire purchase contracts - 1,014
73,242 92,029

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 36,383 46,528

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 88,250 103,965

National Westminster Bank PLC hold fixed and floating charges dated 28 April 2004 over the undertaking and all property and assets, present and future, including goodwill, bookdebts, uncalled capital, buildings, fixtures, fixed plant and machinery.

11. RELATED PARTY DISCLOSURES

The director maintains a current account with the company. At the balance sheet date, the company owed the director £354 (2023:£180).

This loan is interest free with no fixed date for repayment.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ART-WRITE (HYTHE) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Art-write (Hythe) Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Art-write (Hythe) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Art-write (Hythe) Limited and state those matters that we have agreed to state to the director of Art-write (Hythe) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Art-write (Hythe) Limited and its director for our work or for this report.

It is your duty to ensure that Art-write (Hythe) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Art-write (Hythe) Limited. You consider that Art-write (Hythe) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Art-write (Hythe) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


21 January 2025