2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 8,000 8,000 xbrli:pure xbrli:shares iso4217:GBP SC308400 2023-09-01 2024-08-31 SC308400 2024-08-31 SC308400 2023-08-31 SC308400 2022-09-01 2023-08-31 SC308400 2023-08-31 SC308400 2022-08-31 SC308400 core:NetGoodwill 2023-09-01 2024-08-31 SC308400 core:PlantMachinery 2023-09-01 2024-08-31 SC308400 core:FurnitureFittings 2023-09-01 2024-08-31 SC308400 bus:Director1 2023-09-01 2024-08-31 SC308400 core:NetGoodwill 2024-08-31 SC308400 core:PlantMachinery 2023-08-31 SC308400 core:FurnitureFittings 2023-08-31 SC308400 core:PlantMachinery 2024-08-31 SC308400 core:FurnitureFittings 2024-08-31 SC308400 core:WithinOneYear 2024-08-31 SC308400 core:WithinOneYear 2023-08-31 SC308400 core:ShareCapital 2024-08-31 SC308400 core:ShareCapital 2023-08-31 SC308400 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC308400 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC308400 core:PlantMachinery 2023-08-31 SC308400 core:FurnitureFittings 2023-08-31 SC308400 bus:SmallEntities 2023-09-01 2024-08-31 SC308400 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC308400 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC308400 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC308400 bus:FullAccounts 2023-09-01 2024-08-31 SC308400 core:OfficeEquipment 2023-09-01 2024-08-31 SC308400 core:OfficeEquipment 2024-08-31 SC308400 core:OfficeEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: SC308400
Artemis Architects Limited
Filleted Unaudited Financial Statements
For the year ended
31 August 2024
Artemis Architects Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
1,840
2,401
Current assets
Debtors
7
1,747
Cash at bank and in hand
18,280
27,099
--------
--------
20,027
27,099
Creditors: amounts falling due within one year
8
6,734
7,812
--------
--------
Net current assets
13,293
19,287
--------
--------
Total assets less current liabilities
15,133
21,688
--------
--------
Net assets
15,133
21,688
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
15,033
21,588
--------
--------
Shareholders funds
15,133
21,688
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
A McLarty
Director
Company registration number: SC308400
Artemis Architects Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 33 Kittoch Street, East Kilbride, Glasgow, G74 4JW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% reducing balance
Fixtures and fittings
-
20% reducing balance
Equipment
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
8,000
-------
Amortisation
At 1 September 2023 and 31 August 2024
8,000
-------
Carrying amount
At 31 August 2024
-------
At 31 August 2023
-------
6. Tangible assets
Computer equipment
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 September 2023 and 31 August 2024
29,527
2,093
4,090
35,710
--------
-------
-------
--------
Depreciation
At 1 September 2023
27,911
1,615
3,783
33,309
Charge for the year
404
96
61
561
--------
-------
-------
--------
At 31 August 2024
28,315
1,711
3,844
33,870
--------
-------
-------
--------
Carrying amount
At 31 August 2024
1,212
382
246
1,840
--------
-------
-------
--------
At 31 August 2023
1,616
478
307
2,401
--------
-------
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
1,747
-------
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,354
549
Social security and other taxes
1,619
2,143
Other creditors
3,761
5,120
-------
-------
6,734
7,812
-------
-------
9. Related party transactions
Control:- The company was under the control of A McLarty throughout the current and previous year. A McLarty is the managing director and together with his wife owns 100% of the issued share capital.