Registered number
12317542
Artisans Bazaar Ltd
Filleted Accounts
31 March 2025
Artisans Bazaar Ltd
Registered number: 12317542
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 622 830
Current assets
Stocks 13,049 43,313
Debtors 4 102,285 83,606
Cash at bank and in hand 1,302 1,407
116,636 128,326
Creditors: amounts falling due within one year 5 (61,858) (51,478)
Net current assets 54,778 76,848
Total assets less current liabilities 55,400 77,678
Provisions for liabilities (231) (270)
Net assets 55,169 77,408
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,069 77,308
Shareholders' funds 55,169 77,408
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Gudgeon
Director
Approved by the board on 23 July 2025
Artisans Bazaar Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on cost
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 1,968
At 31 March 2025 1,968
Depreciation
At 1 April 2024 1,138
Charge for the year 208
At 31 March 2025 1,346
Net book value
At 31 March 2025 622
At 31 March 2024 830
4 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 102,193 83,514
Other debtors 92 92
102,285 83,606
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 4,335 8,915
Amounts owed to group undertakings and undertakings in which the company has a participating interest 34,005 20,134
Taxation and social security costs 10,568 9,479
Other creditors 12,950 12,950
61,858 51,478
6 Related party transactions
As at 31st March 2025 the company was owed £102,193 (31/3/24 £83,514) from companies under common control and owed £34,005 (31/3/24 £20,134) to companies under common control.
7 Other information
Artisans Bazaar Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Pallington Lakes
Pallington
Dorchester
Dorset
DT2 8QU
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