Artform Holdings Limited Filleted Accounts Cover
Artform Holdings Limited
Company No. 11155729
Information for Filing with The Registrar
31 March 2024
Artform Holdings Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was a holding company to subsidiaries and ad-hoc consultancy services to external clients.
Directors
The Directors who served at any time during the year were as follows:
D. Adleman
J. Ellis
B. Lampert
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D. Adleman
Director
20 December 2024
Artform Holdings Limited Balance Sheet Registrar
at
31 March 2024
Company No.
11155729
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
39,13366,443
39,13366,443
Current assets
Debtors
5
1,824,8541,113,625
Investments
6
434432
1,825,2881,114,057
Creditors: Amount falling due within one year
7
(1,674,566)
(817,060)
Net current assets
150,722296,997
Total assets less current liabilities
189,855363,440
Creditors: Amounts falling due after more than one year
8
(113,624)
(189,306)
Net assets
76,231174,134
Capital and reserves
Called up share capital
1,0001,000
Profit and loss account
10
75,231173,134
Total equity
76,231174,134
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 December 2024 and signed on its behalf by:
D. Adleman
Director
20 December 2024
Artform Holdings Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Artform Holdings Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11155729
Its registered office is:
Second Floor
51 Hoxton Square
London
N1 6PB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover comprises income from consultancy services provided to third-party clients and management charges to subsidiary companies. Revenue is measured at the fair value of the consideration received or receivable, excluding Value Added Tax (VAT) and trade discounts.

Income from consultancy services is recognised in turnover when the services have been provided

Management charges to subsidiary companies are recognised as turnover when the services covered by the charges have been provided. Charges are determined based on a fair allocation of costs incurred and a reasonable mark-up, reflecting the nature and extent of the management services provided.

Revenue is recognised in the accounting period to which it relates. The company exercises judgement in determining the stage of completion of consultancy services, and estimates may be required in recognising revenue for partially completed contracts.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% Straight line
Furniture, fittings and equipment
25% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
Defined contribution pensions
The company operates a defined contribution pension scheme under the UK auto-enrollment regulations. Contributions are charged to the profit and loss account in the period in which they are incurred. The company has no further obligation beyond these contributions.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
119
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 April 2023
101,28027,670128,950
Additions
-5,4085,408
Disposals
(51,690)
(4,020)
(55,710)
At 31 March 2024
49,59029,05878,648
Depreciation
At 1 April 2023
49,44313,06462,507
Charge for the year
9,9187,15917,077
Disposals
(37,045)
(3,024)
(40,069)
At 31 March 2024
22,31617,19939,515
Net book values
At 31 March 2024
27,27411,85939,133
At 31 March 2023
51,837
14,606
66,443
5
Debtors
2024
2023
£
£
Trade debtors
-125
Amounts owed by group undertakings
1,547,635981,385
Loans to directors
63,641-
Other debtors
159,19285,951
Prepayments and accrued income
54,38646,164
1,824,8541,113,625
6
Current asset investments
2024
2023
£
£
Unlisted investments
434432
434432
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
134,279148,424
Other loans
425,60520,345
Obligations under finance lease and hire purchase contracts
5,68237,632
Trade creditors
120,30823,178
Amounts owed to group undertakings
604,218
281,184
Taxes and social security
316,945
246,281
Loans from directors
-33,993
Other creditors
67,52922,023
Accruals and deferred income
-4,000
1,674,566817,060
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
87,500157,500
Obligations under finance lease and hire purchase contracts
26,12431,806
113,624189,306
9
Share Capital
Ordinary share capital
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Artform Holdings Limited1115572931 March 202401 April 2023false20 December 2024BTCSoftware AP Solution 2024 11.2.0111.2.01true111557292023-04-012024-03-31111557292024-03-31111557292023-03-3111155729core:WithinOneYear2024-03-3111155729core:WithinOneYear2023-03-3111155729core:AfterOneYear2024-03-3111155729core:AfterOneYear2023-03-3111155729core:ShareCapital2024-03-3111155729core:ShareCapital2023-03-3111155729core:RetainedEarningsAccumulatedLosses2024-03-3111155729core:RetainedEarningsAccumulatedLosses2023-03-3111155729countries:UnitedKingdom2023-04-012024-03-3111155729bus:RegisteredOffice2023-04-012024-03-3111155729core:MotorVehicles2023-04-012024-03-3111155729core:FurnitureFittingsToolsEquipment2023-04-012024-03-31111557292022-04-012023-03-3111155729core:MotorVehicles2023-04-0111155729core:FurnitureFittingsToolsEquipment2023-04-01111557292023-04-0111155729core:MotorVehicles2024-03-3111155729core:FurnitureFittingsToolsEquipment2024-03-3111155729core:UnlistedNon-exchangeTraded2024-03-3111155729core:UnlistedNon-exchangeTraded2023-03-3111155729core:RetainedEarningsAccumulatedLosses2023-04-012024-03-3111155729bus:SmallEntities2023-04-012024-03-3111155729bus:FullAccounts2023-04-012024-03-3111155729bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3111155729bus:Director12023-04-012024-03-3111155729bus:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:pure