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Company Registration No. 14966596 (England and Wales)
Arteum Group Ltd Unaudited accounts for the period from 28 June 2023 to 31 July 2024
Arteum Group Ltd Unaudited accounts Contents
Page
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Arteum Group Ltd Company Information for the period from 28 June 2023 to 31 July 2024
Director
Renato Tavares
Company Number
14966596 (England and Wales)
Registered Office
128 City Road London EC1V 2NX United Kingdom
Accountants
Collective Concepts Accounting Ltd
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Arteum Group Ltd Statement of financial position as at 31 July 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
3,285 
Current assets
Debtors
76,044 
Cash at bank and in hand
63,084 
139,128 
Creditors: amounts falling due within one year
(112,009)
Net current assets
27,119 
Net assets
30,404 
Capital and reserves
Called up share capital
100 
Profit and loss account
30,304 
Shareholders' funds
30,404 
For the period ending 31 July 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2025 and were signed on its behalf by
Renato Tavares Director Company Registration No. 14966596
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Arteum Group Ltd Notes to the Accounts for the period from 28 June 2023 to 31 July 2024
1
Statutory information
Arteum Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 14966596. The registered office is 128 City Road, London, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided as follows to write off the asset over their estimated useful lives: Website - 5 years.
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Arteum Group Ltd Notes to the Accounts for the period from 28 June 2023 to 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 28 June 2023
- 
Additions
3,455 
At 31 July 2024
3,455 
Depreciation
Charge for the period
170 
At 31 July 2024
170 
Net book value
At 31 July 2024
3,285 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
72,751 
Accrued income and prepayments
1,949 
Other debtors
1,344 
76,044 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
14,558 
Trade creditors
22,778 
Taxes and social security
9,087 
Loans from directors
9,053 
Deferred income
56,533 
112,009 
7
Loans to directors
At the year end the company was due £1,344 from a share holder. The loan has subject to statutory rate of interest and it's to be repayable on demand.
8
Average number of employees
During the period the average number of employees was 3.
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