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REGISTERED NUMBER: 08403993 (England and Wales)















ARTAL LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






ARTAL LTD (REGISTERED NUMBER: 08403993)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ARTAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A C Farmer
S F Taylor





REGISTERED OFFICE: 9 Jordan Street
Knott Mill
Manchester
M15 4PY





REGISTERED NUMBER: 08403993 (England and Wales)





ACCOUNTANTS: DJH Bury Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

ARTAL LTD (REGISTERED NUMBER: 08403993)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,562 -
Property, plant and equipment 5 215,838 231,566
Investments 6 301 301
226,701 231,867

CURRENT ASSETS
Debtors 7 457,648 699,730
Cash at bank and in hand 117,379 73,394
575,027 773,124
CREDITORS
Amounts falling due within one year 8 (599,723 ) (425,352 )
NET CURRENT (LIABILITIES)/ASSETS (24,696 ) 347,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,005

579,639

CREDITORS
Amounts falling due after more than one
year

9

(95,079

)

(110,030

)

PROVISIONS FOR LIABILITIES (50,299 ) (57,892 )
NET ASSETS 56,627 411,717

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,527 411,617
56,627 411,717

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

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

ARTAL LTD (REGISTERED NUMBER: 08403993)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





S F Taylor - Director


ARTAL LTD (REGISTERED NUMBER: 08403993)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Artal Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 08403993 and registered office address is 9 Jordan Street, Knott Mill, Manchester, M15 4PY.

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.

Going concern
The directors are satisfied that the company is a going concern and that the financial statements are correctly prepared on this basis.

Preparation of consolidated financial statements
The financial statements contain information about Artal Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered the key judgement in calculating an appropriate depreciation charge.

Revenue
Revenue comprises the fair value of consultancy services provided.

Revenue from consulting is recognised when the service has been provided and all obligations to the customers under the consulting agreement have been fulfilled. For larger consulting projects containing several project milestones, revenue is recognised as each milestone is achieved or on a percentage of completion basis unless management has doubts as to the recoverability of fees.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

ARTAL LTD (REGISTERED NUMBER: 08403993)

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


2. ACCOUNTING POLICIES - continued

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% straight line

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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.

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.

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 the income statement in the period to which they relate.

ARTAL LTD (REGISTERED NUMBER: 08403993)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Income from fixed asset investments
Income from fixed asset investments is received in the form of dividends and is credited to the income statement when received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 10,750
At 31 July 2024 10,750
AMORTISATION
Charge for year 188
At 31 July 2024 188
NET BOOK VALUE
At 31 July 2024 10,562

ARTAL LTD (REGISTERED NUMBER: 08403993)

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


5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 374,984
Additions 120,681
Disposals (187,340 )
At 31 July 2024 308,325
DEPRECIATION
At 1 August 2023 143,418
Charge for year 75,914
Eliminated on disposal (126,845 )
At 31 July 2024 92,487
NET BOOK VALUE
At 31 July 2024 215,838
At 31 July 2023 231,566

Property, plant and equipment includes assets held under hire purchase contracts with a net book value of £93,078 (2023: £76,107).

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 301
NET BOOK VALUE
At 31 July 2024 301
At 31 July 2023 301

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 434,537 377,382
Other debtors 23,111 322,348
457,648 699,730

ARTAL LTD (REGISTERED NUMBER: 08403993)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 10,214 23,365
Trade creditors 67,232 10,961
Amounts owed to group 134,008 142,384
Taxation and social security 361,900 229,347
Other creditors 16,369 9,295
599,723 425,352

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,334 18,333
Hire purchase contracts 86,745 91,697
95,079 110,030

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 18,334 28,333
Hire purchase contracts 96,959 115,062
115,293 143,395

The bank loans and overdrafts are secured on a fixed and floating charge over the assets of the company.

The hire purchase contracts are secured on the assets concerned.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
S F Taylor
Balance outstanding at start of year 47,901 64,992
Amounts advanced 73,484 67,909
Amounts repaid (121,385 ) (85,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 47,901

ARTAL LTD (REGISTERED NUMBER: 08403993)

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


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

This advance is unsecured, interest free and repayable upon demand.

There have not been any single advances during either the current or prior period which the director considers to be material.

The maximum amount outstanding during the year was £121,385 (2023: £47,901).