ARTEM DECORATING LIMITED


Director	ADAMCZYK, Krzysztof Adam


Registered Address	29 Southwood Drive
	Surbiton
	KT5 9PJ


Registered Number	08583563 (England and Wales)

Statement of Financial Position
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		411		325
			411		325
Current assets
Debtors		7,516		396
Cash at bank and on hand		2,069		3,493
		9,585		3,889
Creditors amounts falling due within one year	4	(8,252)		(1,260)
Net current assets (liabilities)			1,333		2,629
Total assets less current liabilities			1,744		2,954
Creditors amounts falling due after one year			(7,781)		(9,497)
Net assets			(6,037)		(6,543)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(6,137)		(6,643)
Shareholders' funds			(6,037)		(6,543)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 19 June 2025, and are signed on its behalf by:

ADAMCZYK, Krzysztof Adam
Director
Registered Company No. 08583563

ARTEM DECORATING LIMITED

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from rendering of services
	Revenue 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.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25

	Stocks and work in progress
	Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 October 23	659
	Additions	200
	At 30 September 24	859
	Depreciation and impairment
	At 01 October 23	333
	Charge for year	115
	At 30 September 24	448
	Net book value
	At 30 September 24	411
	At 30 September 23	325

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	7,236	253
Taxation and social security	239	12
Other creditors	777	995
Total	8,252	1,260


	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.