Registered number
12043575
Artemis Greek Ltd
Filleted Accounts
30 June 2024
Artemis Greek Ltd
Registered number: 12043575
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,165 19,486
18,165 19,486
Current assets
Stocks 10,752 10,250
Debtors 4 1,709 -
Cash at bank and in hand 9,241 6,386
21,702 16,636
Creditors: amounts falling due within one year 5 (37,358) (35,622)
Net current liabilities (15,656) (18,986)
Total assets less current liabilities 2,509 500
Net assets 2,509 500
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,409 400
Shareholder's funds 2,509 500
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Bedri Dedushi
Director
Approved by the board on 14 February 2025
Artemis Greek Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the performance obligation being satisfied.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 7
3 Tangible fixed assets
Freehold Improvements Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 12,881 12,204 25,085
Additions - - -
At 30 June 2024 12,881 12,204 25,085
Depreciation
At 1 July 2023 5,599 5,599
Charge for the year 1,321 1,321
At 30 June 2024 - 6,920 6,920
Net book value
At 30 June 2024 12,881 5,284 18,165
At 30 June 2023 12,881 6,605 19,486
4 Debtors 2024 2023
£ £
Other debtors 1,709 -
1,709 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,633 1,567
Taxation and social security costs 5,383 1,055
Other creditors 29,342 33,000
37,358 35,622
6 Other information
Artemis Greek Ltd is a private company limited by shares and incorporated in England. Its registered office is:
117 Week Street
Maidstone
Kent
ME14 1RB
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