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ARTSERMON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2025






ARTSERMON LTD (REGISTERED NUMBER: 06848032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 9

ARTSERMON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTOR: K S Khinda





SECRETARY: Mrs R K Khinda





REGISTERED OFFICE: 28 Banbury Heath
Gt Denham
Bedford
Bedfordshire
MK40 4TR





REGISTERED NUMBER: 06848032 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

ARTSERMON LTD (REGISTERED NUMBER: 06848032)

BALANCE SHEET
31ST MARCH 2025

31/3/25 31/3/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 977,802 860,327

CURRENT ASSETS
Debtors 5 1,304,389 714,858
Cash at bank 271,793 672,101
1,576,182 1,386,959
CREDITORS
Amounts falling due within one year 6 500,286 518,543
NET CURRENT ASSETS 1,075,896 868,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,053,698

1,728,743

CREDITORS
Amounts falling due after more than one
year

7

(903,979

)

(830,834

)

PROVISIONS FOR LIABILITIES (7,957 ) (10,617 )
NET ASSETS 1,141,762 887,292

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,140,762 886,292
SHAREHOLDERS' FUNDS 1,141,762 887,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ARTSERMON LTD (REGISTERED NUMBER: 06848032)

BALANCE SHEET - continued
31ST MARCH 2025


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th August 2025 and were signed by:





K S Khinda - Director


ARTSERMON LTD (REGISTERED NUMBER: 06848032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Artsermon Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to al periods presented unless otherwise stated.

Turnover
Turnover represents the provision of the domiciliary services provided in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Long leasehold - straight line over lease term
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

ARTSERMON LTD (REGISTERED NUMBER: 06848032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 26 (2024 - 23 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to
property leasehold property
£    £    £   
COST
At 1st April 2024 757,847 53,428 62,531
Additions - - -
Disposals - - -
At 31st March 2025 757,847 53,428 62,531
DEPRECIATION
At 1st April 2024 11,375 37,396 7,474
Charge for year 7,579 5,342 6,254
At 31st March 2025 18,954 42,738 13,728
NET BOOK VALUE
At 31st March 2025 738,893 10,690 48,803
At 31st March 2024 746,472 16,032 55,057

ARTSERMON LTD (REGISTERED NUMBER: 06848032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2024 68,791 12,000 39,299 993,896
Additions - 249,030 - 249,030
Disposals - (76,173 ) - (76,173 )
At 31st March 2025 68,791 184,857 39,299 1,166,753
DEPRECIATION
At 1st April 2024 41,903 2,250 33,171 133,569
Charge for year 6,723 27,952 1,532 55,382
At 31st March 2025 48,626 30,202 34,703 188,951
NET BOOK VALUE
At 31st March 2025 20,165 154,655 4,596 977,802
At 31st March 2024 26,888 9,750 6,128 860,327

The net book value of tangible fixed assets includes £ 147,343 in respect of assets held under finance leases.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 165,107 189,547
Amounts owed by group undertakings 87,162 -
Amounts owed by related companies 535,596 4,075
Other debtors 13,984 13,938
Directors' current accounts 407,098 412,019
S455 tax recoverable 89,279 89,279
Prepayments and accrued income 6,163 6,000
1,304,389 714,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Bank loans and overdrafts 51,083 43,547
Finance leases (see note 8) 21,156 -
Trade creditors 3,504 940
Corporation tax 339,566 383,146
Social security and other taxes 13,420 10,294
Other creditors 14,333 36,031
Accruals and deferred income 57,224 44,585
500,286 518,543

ARTSERMON LTD (REGISTERED NUMBER: 06848032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/25 31/3/24
£    £   
Bank loans 292,201 343,284
Other loans - 1-2 years 482,650 487,550
Finance leases (see note 8) 129,128 -
903,979 830,834

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31/3/25 31/3/24
£    £   
Net obligations repayable:
Within one year 21,156 -
Between one and five years 129,128 -
150,284 -

Non-cancellable operating leases
31/3/25 31/3/24
£    £   
Within one year 60,500 105,500
Between one and five years 61,875 55,000
122,375 160,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/25 31/3/24
£    £   
Other loans 482,650 487,550

Vector Asset Finance registered a fixed charge over a property held by the company on 30 September 2022.

ARTSERMON LTD (REGISTERED NUMBER: 06848032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31/3/25 31/3/24
£    £   
K S Khinda
Balance outstanding at start of year 412,019 333,403
Amounts advanced 366,083 397,501
Amounts repaid (371,004 ) (318,885 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 407,098 412,019

Interest was paid to the company at 2.25% per annum on the director's loan.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ARTSERMON LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Artsermon Ltd for the year ended 31st March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Artsermon Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Artsermon Ltd and state those matters that we have agreed to state to the director of Artsermon Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Artsermon Ltd and its director for our work or for this report.

It is your duty to ensure that Artsermon Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Artsermon Ltd. You consider that Artsermon Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Artsermon Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


6th August 2025