IRIS Accounts Production v24.3.2.46 02483784 director 1.6.23 31.5.24 31.5.24 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024837842023-05-31024837842024-05-31024837842023-06-012024-05-31024837842022-05-31024837842022-06-012023-05-31024837842023-05-3102483784ns15:EnglandWales2023-06-012024-05-3102483784ns14:PoundSterling2023-06-012024-05-3102483784ns10:Director12023-06-012024-05-3102483784ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3102483784ns10:SmallEntities2023-06-012024-05-3102483784ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3102483784ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3102483784ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3102483784ns10:FullAccounts2023-06-012024-05-310248378412023-06-012024-05-3102483784ns10:CompanySecretary12023-06-012024-05-3102483784ns10:RegisteredOffice2023-06-012024-05-3102483784ns5:CurrentFinancialInstruments2024-05-3102483784ns5:CurrentFinancialInstruments2023-05-3102483784ns5:Non-currentFinancialInstruments2024-05-3102483784ns5:Non-currentFinancialInstruments2023-05-3102483784ns5:ShareCapital2024-05-3102483784ns5:ShareCapital2023-05-3102483784ns5:RetainedEarningsAccumulatedLosses2024-05-3102483784ns5:RetainedEarningsAccumulatedLosses2023-05-3102483784ns5:NetGoodwill2023-06-012024-05-3102483784ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3102483784ns5:PlantMachinery2023-06-012024-05-3102483784ns5:NetGoodwill2023-05-3102483784ns5:NetGoodwill2024-05-3102483784ns5:NetGoodwill2023-05-3102483784ns5:LandBuildings2023-05-3102483784ns5:PlantMachinery2023-05-3102483784ns5:LandBuildings2023-06-012024-05-3102483784ns5:LandBuildings2024-05-3102483784ns5:PlantMachinery2024-05-3102483784ns5:LandBuildings2023-05-3102483784ns5:PlantMachinery2023-05-3102483784ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3102483784ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3102483784ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-05-3102483784ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3102483784ns5:CostValuation2023-05-3102483784ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3102483784ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 02483784 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

A.R.T. (G.B.) Limited

A.R.T. (G.B.) Limited (Registered number: 02483784)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


A.R.T. (G.B.) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: R W Stokes





SECRETARY: E Stokes





REGISTERED OFFICE: 231 Eldon Street
Preston
Lancashire
PR2 2BB





REGISTERED NUMBER: 02483784 (England and Wales)





ACCOUNTANTS: Baker Fox Limited
Chartered Accountants
Owl Cotes Barn
Low Lane
Cowling
Keighley
West Yorkshire
BD22 0LE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
A.R.T. (G.B.) 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 Statement of Financial Position. 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 A.R.T. (G.B.) Limited for the year ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position 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 A.R.T. (G.B.) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.R.T. (G.B.) Limited and state those matters that we have agreed to state to the director of A.R.T. (G.B.) 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 A.R.T. (G.B.) Limited and its director for our work or for this report.

It is your duty to ensure that A.R.T. (G.B.) 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 A.R.T. (G.B.) Limited. You consider that A.R.T. (G.B.) 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 A.R.T. (G.B.) 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.






Baker Fox Limited
Chartered Accountants
Owl Cotes Barn
Low Lane
Cowling
Keighley
West Yorkshire
BD22 0LE


26 February 2025

A.R.T. (G.B.) Limited (Registered number: 02483784)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 176,648 191,820
Investments 6 110 110
176,758 191,930

CURRENT ASSETS
Stocks 197,056 190,692
Debtors 7 207,858 173,494
Cash at bank and in hand 143,839 188,572
548,753 552,758
CREDITORS
Amounts falling due within one year 8 211,230 271,321
NET CURRENT ASSETS 337,523 281,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,281

473,367

CREDITORS
Amounts falling due after more than one year 9 14,412 29,316
NET ASSETS 499,869 444,051

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 499,769 443,951
SHAREHOLDERS' FUNDS 499,869 444,051

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

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

A.R.T. (G.B.) Limited (Registered number: 02483784)

Statement of Financial Position - continued
31 May 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 26 February 2025 and were signed by:





R W Stokes - Director


A.R.T. (G.B.) Limited (Registered number: 02483784)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

A.R.T. (G.B.) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


A.R.T. (G.B.) Limited (Registered number: 02483784)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 25,000
AMORTISATION
At 1 June 2023
and 31 May 2024 25,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

A.R.T. (G.B.) Limited (Registered number: 02483784)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 162,836 116,899 279,735
Additions - 1,124 1,124
At 31 May 2024 162,836 118,023 280,859
DEPRECIATION
At 1 June 2023 18,000 69,915 87,915
Charge for year 3,600 12,696 16,296
At 31 May 2024 21,600 82,611 104,211
NET BOOK VALUE
At 31 May 2024 141,236 35,412 176,648
At 31 May 2023 144,836 46,984 191,820

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 50,415
DEPRECIATION
At 1 June 2023 4,200
Charge for year 11,556
At 31 May 2024 15,756
NET BOOK VALUE
At 31 May 2024 34,659
At 31 May 2023 46,215

A.R.T. (G.B.) Limited (Registered number: 02483784)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 110
NET BOOK VALUE
At 31 May 2024 110
At 31 May 2023 110

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 167,621 154,902
Amounts owed by group undertakings 37,438 14,438
Other debtors 2,799 4,154
207,858 173,494

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,828 9,828
Hire purchase contracts 4,854 4,854
Trade creditors 127,455 180,493
Taxation and social security 46,235 40,858
Other creditors 22,858 35,288
211,230 271,321

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,323 16,373
Hire purchase contracts 8,089 12,943
14,412 29,316

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Lupfaw 484 Limited.