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REGISTERED NUMBER: 02235770 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2024

for

Artistic Licence Engineering Limited

Artistic Licence Engineering Limited (Registered number: 02235770)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Artistic Licence Engineering Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr M J Hannaford





REGISTERED OFFICE: The Mould Making Workshop
Soby Mews
Bovey Tracey
Newton Abbott
Devon
TQ13 9JG





REGISTERED NUMBER: 02235770 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Artistic Licence Engineering Limited (Registered number: 02235770)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 6 7
Tangible assets 5 14,607 20,962
14,613 20,969

CURRENT ASSETS
Stocks 339,586 311,829
Debtors 6 201,237 230,988
Cash at bank 26,819 40,075
567,642 582,892
CREDITORS
Amounts falling due within one year 7 292,163 126,613
NET CURRENT ASSETS 275,479 456,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,092

477,248

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 289,992 477,148
290,092 477,248

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





Mr M J Hannaford - Director


Artistic Licence Engineering Limited (Registered number: 02235770)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Artistic Licence Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's comparative year end was shortened to 31 December from 31 March to bring the company in line with the reporting date of the group. Therefore the comparative figures are not directly comparable.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Artistic Licence Engineering Limited (Registered number: 02235770)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2024
and 31 December 2024 10
AMORTISATION
At 1 January 2024 3
Charge for year 1
At 31 December 2024 4
NET BOOK VALUE
At 31 December 2024 6
At 31 December 2023 7

Artistic Licence Engineering Limited (Registered number: 02235770)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2024 4,989 87,573 92,562
Additions - 1,253 1,253
At 31 December 2024 4,989 88,826 93,815
DEPRECIATION
At 1 January 2024 4,989 66,611 71,600
Charge for year - 7,608 7,608
At 31 December 2024 4,989 74,219 79,208
NET BOOK VALUE
At 31 December 2024 - 14,607 14,607
At 31 December 2023 - 20,962 20,962

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 16,962 22,889
Amounts owed by group undertakings 926 765
Other debtors 183,349 207,334
201,237 230,988

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 12,207 28,082
Amounts owed to group undertakings 235,174 65,175
Taxation and social security 9,105 9,276
Other creditors 35,677 24,080
292,163 126,613

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 26,445 26,445
Between one and five years 55,094 81,539
81,539 107,984

Artistic Licence Engineering Limited (Registered number: 02235770)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Greenhalgh BFP FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Robe Lighting S.R.O.

Registered Address
Hazovice 2090
75661
Roznov pod Radhostem
Czech Republic