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Company Registration No. 13559021 (England and Wales)
Art Connect Ltd Unaudited accounts for the year ended 31 August 2024
Art Connect Ltd Unaudited accounts Contents
Page
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Art Connect Ltd Company Information for the year ended 31 August 2024
Director
ARTEM KRAVCHENKO
Company Number
13559021 (England and Wales)
Registered Office
ART CONNECT 100 North Second Street, Flat 5 Milton Keynes MK9 1FL England
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Art Connect Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,008 
2,000 
Current assets
Debtors
65,072 
53,461 
Cash at bank and in hand
1,896 
18,698 
66,968 
72,159 
Creditors: amounts falling due within one year
(60,252)
(70,262)
Net current assets
6,716 
1,897 
Net assets
9,724 
3,897 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,624 
3,797 
Shareholders' funds
9,724 
3,897 
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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 May 2025 and were signed on its behalf by
ARTEM KRAVCHENKO Director Company Registration No. 13559021
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Art Connect Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Art Connect Ltd is a private company, limited by shares, registered in England and Wales, registration number 13559021. The registered office is ART CONNECT, 100 North Second Street,, Flat 5, Milton Keynes, MK9 1FL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33.33%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
- 
2,000 
2,000 
Additions
1,008 
- 
1,008 
At 31 August 2024
1,008 
2,000 
3,008 
Depreciation
At 31 August 2024
- 
- 
- 
Net book value
At 31 August 2024
1,008 
2,000 
3,008 
At 31 August 2023
- 
2,000 
2,000 
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Art Connect Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,326 
- 
Accrued income and prepayments
3,295 
- 
Other debtors
43,451 
- 
65,072 
- 
Amounts falling due after more than one year
Trade debtors
- 
30,641 
Other debtors
- 
22,820 
- 
53,461 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,229 
- 
VAT
5,369 
7,742 
Trade creditors
48,755 
56,590 
Taxes and social security
3,526 
5,930 
Other creditors
373 
- 
60,252 
70,262 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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