Registered number
06106875
Arthistorical Limited
Filleted Accounts
31 January 2025
Arthistorical Limited
Registered number: 06106875
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 464 580
Current assets
Stocks 307,504 326,837
Debtors 4 7,119 12,251
Cash at bank and in hand 19,050 140,706
333,673 479,794
Creditors: amounts falling due within one year 5 (7,908) (14,846)
Net current assets 325,765 464,948
Total assets less current liabilities 326,229 465,528
Creditors: amounts falling due after more than one year 6 (1,467) (2,567)
Net assets 324,762 462,961
Capital and reserves
Called up share capital 60 60
Profit and loss account 324,702 462,901
Shareholders' funds 324,762 462,961
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.
Stephen Porter
Director
Approved by the board on 11 June 2025
Arthistorical Limited
Notes to the Accounts
for the year ended 31 January 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.
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:
Equipment 20% reducing balance
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.
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. 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment
£
Cost
At 1 February 2024 2,705
At 31 January 2025 2,705
Depreciation
At 1 February 2024 2,125
Charge for the year 116
At 31 January 2025 2,241
Net book value
At 31 January 2025 464
At 31 January 2024 580
4 Debtors 2025 2024
£ £
Other debtors 7,119 12,251
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 1,094 1,510
Other creditors 6,814 13,336
7,908 14,846
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,467 2,567
7 Controlling party
The company is controlled by S & R Porter by virtue of their shareholding.
8 Other information
Arthistorical Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 St. Georges Street
Hanover Square
London
W1S 2FD
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