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REGISTERED NUMBER: 08550247 (England and Wales)















ARTISAN'S ALLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






ARTISAN'S ALLEY LIMITED (REGISTERED NUMBER: 08550247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARTISAN'S ALLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mr M Mankos
Ms K Pazderova





REGISTERED OFFICE: 16 Lon Yr Efail
Caerau
Cardiff
CF5 5QF





REGISTERED NUMBER: 08550247 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

ARTISAN'S ALLEY LIMITED (REGISTERED NUMBER: 08550247)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,847 22,119

CURRENT ASSETS
Debtors 5 2,198 3,775
Cash at bank 22,552 16,943
24,750 20,718
CREDITORS
Amounts falling due within one year 6 28,906 8,299
NET CURRENT (LIABILITIES)/ASSETS (4,156 ) 12,419
TOTAL ASSETS LESS CURRENT LIABILITIES 19,691 34,538

PROVISIONS FOR LIABILITIES 7 4,531 4,203
NET ASSETS 15,160 30,335

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,060 30,235
SHAREHOLDERS' FUNDS 15,160 30,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st February 2025 and were signed on its behalf by:




Mr M Mankos - Director



Ms K Pazderova - Director


ARTISAN'S ALLEY LIMITED (REGISTERED NUMBER: 08550247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Artisan's Alley 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 ) .

ARTISAN'S ALLEY LIMITED (REGISTERED NUMBER: 08550247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st June 2023 25,701 14,717 34,357 74,775
Additions - - 6,993 6,993
At 31st May 2024 25,701 14,717 41,350 81,768
DEPRECIATION
At 1st June 2023 13,109 7,154 32,393 52,656
Charge for year 1,889 1,136 2,240 5,265
At 31st May 2024 14,998 8,290 34,633 57,921
NET BOOK VALUE
At 31st May 2024 10,703 6,427 6,717 23,847
At 31st May 2023 12,592 7,563 1,964 22,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,524 2,932
Other debtors 674 843
2,198 3,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,925
Taxation and social security 1,708 (7 )
Other creditors 27,198 5,381
28,906 8,299

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,531 4,203

Deferred
tax
£   
Balance at 1st June 2023 4,203
Provided during year 328
Balance at 31st May 2024 4,531