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Registered number: 01380268
Articus Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Willaston Field
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01380268
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,030 -
Tangible Assets 5 278,697 239,174
282,727 239,174
CURRENT ASSETS
Debtors 6 75,146 27,544
Cash at bank and in hand 981 -
76,127 27,544
Creditors: Amounts Falling Due Within One Year 7 11,705 96,555
NET CURRENT ASSETS (LIABILITIES) 87,832 124,099
TOTAL ASSETS LESS CURRENT LIABILITIES 370,559 363,273
NET ASSETS 370,559 363,273
CAPITAL AND RESERVES
Called up share capital 8 (2,000 ) (2,623 )
Profit and Loss Account 372,559 365,896
SHAREHOLDERS' FUNDS 370,559 363,273
Page 1
Page 2
For the year 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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adrian Turner
Director
30/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Articus Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01380268 . The registered office is 2 Moorlands Park, Martock, TA12 6DW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10121
Plant & Machinery 9197.08
Motor Vehicles 6383.56
Fixtures & Fittings 7657.03
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 -
Additions 4,030
As at 31 July 2024 4,030
Net Book Value
As at 31 July 2024 4,030
As at 1 August 2023 -
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Page 4
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 August 2023 150,861 42,474 45,839 - 239,174
Additions - - - 47,180 47,180
As at 31 July 2024 150,861 42,474 45,839 47,180 286,354
Depreciation
As at 1 August 2023 - - - - -
Provided during the period - - - 7,657 7,657
As at 31 July 2024 - - - 7,657 7,657
Net Book Value
As at 31 July 2024 150,861 42,474 45,839 39,523 278,697
As at 1 August 2023 150,861 42,474 45,839 - 239,174
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,550 4,976
Other taxes and social security 45,144 22,568
Net wages 21,452 -
75,146 27,544
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts 84,863 -
Other loans (102,382 ) (102,382 )
VAT 5,814 5,828
(11,705 ) (96,555 )
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid (2,000 ) (2,623 )
Page 4