2023-10-01 02495119 2024-09-30 02495119 2023-10-01 2024-09-30 02495119 2023-09-30 02495119 2022-10-01 2023-09-30 02495119 uk-core:WithinOneYear 2023-09-30 02495119 uk-core:WithinOneYear 2024-09-30 02495119 uk-core:ShareCapital 2024-09-30 02495119 uk-core:ShareCapital 2023-09-30 02495119 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 02495119 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 02495119 uk-bus:Director1 2023-10-01 2024-09-30 02495119 uk-core:ComputerEquipment 2023-10-01 2024-09-30 02495119 uk-core:FurnitureFittings 2023-10-01 2024-09-30 02495119 uk-core:ComputerEquipment 2023-09-30 02495119 uk-core:FurnitureFittings 2023-09-30 02495119 uk-core:Buildings 2023-09-30 02495119 uk-core:Buildings 2023-10-01 2024-09-30 02495119 uk-core:Buildings 2024-09-30 02495119 uk-core:FurnitureFittings 2024-09-30 02495119 uk-core:ComputerEquipment 2024-09-30 iso4217:GBP xbrli:pure 02495119 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02495119 uk-bus:FRS102 2023-10-01 2024-09-30 02495119 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 02495119 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Art Resource Limited
Registered Number:02495119
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Art Resource Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
02495119
As at 30 September 2024
Art Resource Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
145,136
136,253
2
145,136
136,253
Current assets
Trade and other receivables
190,772
54,265
3
152,591
Cash and cash equivalents
296,422
350,687
343,363
Trade and other payables: amounts falling due within one
year
(123,318)
(101,124)
4
220,045
249,563
Net current assets
Total assets less current liabilities
394,699
356,298
394,699
Net assets
356,298
Capital and reserves
Called up share capital
90
90
Retained earnings
394,609
356,208
394,699
356,298
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss Claire Alison Meiklejohn Director
These financial statements were approved and authorised for issue by the Board on 30 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2024
Art Resource Limited
Notes to the Financial Statements
Statutory Information
Art Resource Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02495119.
Registered address:
Ground Floor 66
High Street
Lewes
BN7 1XG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Straight line
Computer Equipment
25% Straight line
Furniture and Fittings
No depreciation is charged on the long leasehold as in the opinion of the director the market value is in excess of
cost.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 30 September 2024
Art Resource Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 October 2023
147,770
8,294
4,476
135,000
12,810
-
12,810
-
Additions
At 30 September 2024
135,000
17,286
8,294
160,580
Provision for depreciation and impairment
At 01 October 2023
11,517
7,601
3,916
-
Charge for year
3,927
444
3,483
-
At 30 September 2024
15,444
8,045
7,399
-
At 30 September 2024
Net book value
135,000
9,887
249
145,136
At 30 September 2023
135,000
560
693
136,253
3. Trade and other receivables
2023
2024
£
£
Trade debtors
47,002
181,357
Other debtors
7,263
9,415
190,772
54,265
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
25,404
36,835
Taxation and social security
38,707
32,979
Other creditors
37,013
53,504
101,124
123,318
5. Average number of persons employed
During the year the average number of employees was 4 (2023 : 3)
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