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Company registration number:
06385979
Exeter Visual Art
Unaudited Financial Statements for the year ended
31 October 2024
Exeter Visual Art
Officers and Professional Advisers
Year ended
31 October 2024
Directors
Tracey Jane Baker
Matthew Roland James Hammond
Rolfe James Mooney
Mr Samuel Moscrop
Registered office
Marsh Gate House Alphin Brook Road
Marsh Barton Trading Estate
Exeter
Devon
EX2 8TH
England
Accountant
DP Associates (Accountancy) Limited
Long Barn
Ashwell Park
Ilminster
Somerset
TA19 9DX
United Kingdom
Exeter Visual Art
Directors' Report
Year ended
31 October 2024
The directors present their report and the unaudited
financial statements
of the company for the year ended 31 October 2024.

Directors

The directors who served the company during the year were as follows:
Tracey Jane Baker
Matthew Roland James Hammond
Rolfe James Mooney
Mr Samuel Moscrop

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
17 July 2025
and signed on behalf of the board by:
Mr Samuel Moscrop
Director
Exeter Visual Art
Report to the board of directors on the preparation of the unaudited statutory financial statements of Exeter Visual Art
Year ended
31 October 2024
As described on the statement of financial position, the Board of Directors of
Exeter Visual Art
are responsible for the preparation of the
financial statements
for the year ended
31 October 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
DP Associates (Accountancy) Limited
Long Barn
Ashwell Park
Ilminster
Somerset
TA19 9DX
United Kingdom
Date:
17 July 2025
Exeter Visual Art
Income Statement
Year ended
31 October 2024
20242023
££
Turnover
45,800
 
46,318
 
Cost of sales
(365
) (290 )
Gross profit
45,435
 
46,028
 
Administrative expenses
(46,159
)
(50,411
)
Operating loss
(724
)
(4,383
)
Loss before tax
(724
)
(4,383
)
Tax on loss -   -  
Loss for the financial year
(724
)
(4,383
)
The company has no other recognised items of income or expense other than the results for the year as set out above.
Exeter Visual Art
Statement of Financial Position
31 October 2024
20242023
££
Current assets    
Cash at bank and in hand
36,636
 
37,360
 
Net current assets
36,636
 
37,360
 
Total assets less current liabilities 36,636   37,360  
Capital and reserves    
Profit and loss account
36,636
 
37,360
 
Shareholders funds
36,636
 
37,360
 
For the year ending
31 October 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
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
17 July 2025
, and are signed on behalf of the board by:
Mr Samuel Moscrop
Director
Company registration number:
06385979
Exeter Visual Art
Notes to the Financial Statements
Year ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Marsh Gate House Alphin Brook Road
,
Marsh Barton Trading Estate
,
Exeter
,
Devon
,
EX2 8TH
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
1
).