1 December 2023 false No description of principal activity Taxfiler 2024.6 09314215business:PrivateLimitedCompanyLtd2023-12-012024-11-30 093142152023-11-30 093142152023-12-012024-11-30 09314215business:AuditExemptWithAccountantsReport2023-12-012024-11-30 09314215business:FilletedAccounts2023-12-012024-11-30 093142152024-11-30 09314215business:Director12023-12-012024-11-30 09314215business:RegisteredOffice2023-12-012024-11-30 093142152023-11-30 09314215core:WithinOneYear2024-11-30 09314215core:WithinOneYear2023-11-30 09314215core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 09314215core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 09314215core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 09314215core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 09314215core:PreviouslyStatedAmount2024-11-30 09314215core:PreviouslyStatedAmount2023-11-30 09314215business:SmallEntities2023-12-012024-11-30 09314215countries:EnglandWales2023-12-012024-11-30 09314215core:PlantMachinery2023-12-012024-11-30 09314215core:FurnitureFittings2023-12-012024-11-30 09314215core:ComputerEquipment2023-12-012024-11-30 09314215core:PlantMachinery2023-11-30 09314215core:FurnitureFittings2023-11-30 09314215core:PlantMachinery2024-11-30 09314215core:FurnitureFittings2024-11-30 093142152022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 09314215 (England and Wales)
Artsnug Limited Unaudited accounts for the year ended 30 November 2024
Artsnug Limited Unaudited accounts Contents
Page
- 2 -
Artsnug Limited Company Information for the year ended 30 November 2024
Director
Elina Gough
Company Number
09314215 (England and Wales)
Registered Office
A B V K Ltd Ability House 121 Brooker Road Waltham Abbey Essex EN9 1JH England
Accountants
ABVK Limited M25 Business Centre, Ability House 121 Brooker Road Waltham Abbey Essex EN9 1JH
- 3 -
Artsnug Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,390 
1,544 
Current assets
Inventories
5,600 
- 
Debtors
11,925 
3,045 
Cash at bank and in hand
40,293 
49,890 
57,818 
52,935 
Creditors: amounts falling due within one year
(33,184)
(17,245)
Net current assets
24,634 
35,690 
Net assets
27,024 
37,234 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
27,023 
37,233 
Shareholders' funds
27,024 
37,234 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 July 2025 and were signed on its behalf by
Elina Gough Director Company Registration No. 09314215
- 4 -
Artsnug Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Artsnug Limited is a private company, limited by shares, registered in England and Wales, registration number 09314215. The registered office is A B V K Ltd, Ability House, 121 Brooker Road, Waltham Abbey, Essex, EN9 1JH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
15% reducing balance
Computer equipment
20% straight line
Presentation currency
The accounts are presented in £ sterling.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Artsnug Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
6,239 
- 
6,239 
Additions
792 
760 
1,552 
At 30 November 2024
7,031 
760 
7,791 
Depreciation
At 1 December 2023
4,695 
- 
4,695 
Charge for the year
592 
114 
706 
At 30 November 2024
5,287 
114 
5,401 
Net book value
At 30 November 2024
1,744 
646 
2,390 
At 30 November 2023
1,544 
- 
1,544 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
249 
- 
Trade debtors
1,955 
1,389 
Accrued income and prepayments
9,721 
1,656 
11,925 
3,045 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,534 
3,902 
Trade creditors
12,282 
3,328 
Taxes and social security
(1,934)
2,270 
Other creditors
2,994 
1,364 
Loans from directors
2,852 
2,506 
Accruals
14,456 
3,875 
33,184 
17,245 
7
Average number of employees
During the year the average number of employees was 4 (2023: 3).
- 6 -