ART DEPARTMENT SUPPLIES LIMITED

Company Registration Number:
06550128 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

ART DEPARTMENT SUPPLIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

ART DEPARTMENT SUPPLIES LIMITED

Company Information

for the Period Ended 31 March 2024




Director: MICHAEL MULLIGAN
Registered office: 86-90
Paul Street
London
England
EC2A 4NE
Company Registration Number: 06550128 (England and Wales)

ART DEPARTMENT SUPPLIES LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The company principal activity during the period was sale of motion picture and video production support services.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
MICHAEL MULLIGAN

This report was approved by the board of directors on 14 January 2025
And Signed On Behalf Of The Board By:

Name: MICHAEL MULLIGAN
Status: Director

ART DEPARTMENT SUPPLIES LIMITED

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 69,515 60,578
Cost of sales ( 13,424 ) ( 28,241 )
Gross Profit or (Loss) 56,091 32,337
Administrative Expenses ( 39,411 ) ( 30,649 )
Operating Profit or (Loss) 16,680 1,688
Profit or (Loss) Before Tax 16,680 1,688
Tax on Profit ( 1,452 ) -
Profit or (Loss) for Period 15,228 1,688

The notes form part of these financial statements

ART DEPARTMENT SUPPLIES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 26,531 41,414
Total fixed assets: 26,531 41,414
Current assets
Debtors: 6 0 1,812
Cash at bank and in hand: 10,941 12,365
Total current assets: 10,941 14,177
Creditors: amounts falling due within one year: 7 ( 37,372 ) ( 64,528 )
Net current assets (liabilities): ( 26,431 ) ( 50,351 )
Total assets less current liabilities: 100 ( 8,937 )
Total net assets (liabilities): 100 ( 8,937 )

The notes form part of these financial statements

ART DEPARTMENT SUPPLIES LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 0 ( 9,037 )
Shareholders funds: 100 ( 8,937 )

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 14 January 2025
And Signed On Behalf Of The Board By:

Name: MICHAEL MULLIGAN
Status: Director

The notes form part of these financial statements

ART DEPARTMENT SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts.

ART DEPARTMENT SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

ART DEPARTMENT SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

ART DEPARTMENT SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Dividends


2024
£

2023
£
Dividends paid 6,191 0

ART DEPARTMENT SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 April 2023 41,414 41,414
Additions - -
Disposals - -
Revaluations ( 13,000 ) ( 13,000 )
Transfers - -
At 31 March 2024 28,414 28,414
Depreciation
At 01 April 2023 - -
Charge for year 1,883 1,883
On disposals - -
Other adjustments - -
At 31 March 2024 1,883 1,883
Net book value
At 31 March 2024 26,531 26,531
At 31 March 2023 41,414 41,414

ART DEPARTMENT SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Debtors


2024
£

2023
£
Other debtors 0 1,812
Total 0 1,812

ART DEPARTMENT SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 4,522 5,952
Other creditors 32,850 58,576
Total 37,372 64,528