IRIS Accounts Production v25.2.0.378 08655441 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086554412023-08-31086554412024-08-31086554412023-09-012024-08-31086554412022-08-31086554412022-09-012023-08-31086554412023-08-3108655441ns15:EnglandWales2023-09-012024-08-3108655441ns14:PoundSterling2023-09-012024-08-3108655441ns10:Director12023-09-012024-08-3108655441ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108655441ns10:SmallEntities2023-09-012024-08-3108655441ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3108655441ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108655441ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108655441ns10:FullAccounts2023-09-012024-08-3108655441ns10:RegisteredOffice2023-09-012024-08-3108655441ns5:CurrentFinancialInstruments2024-08-3108655441ns5:CurrentFinancialInstruments2023-08-3108655441ns5:Non-currentFinancialInstruments2024-08-3108655441ns5:Non-currentFinancialInstruments2023-08-3108655441ns5:ShareCapital2024-08-3108655441ns5:ShareCapital2023-08-3108655441ns5:RetainedEarningsAccumulatedLosses2024-08-3108655441ns5:RetainedEarningsAccumulatedLosses2023-08-3108655441ns5:PlantMachinery2023-09-012024-08-3108655441ns5:FurnitureFittings2023-09-012024-08-3108655441ns5:MotorVehicles2023-09-012024-08-3108655441ns5:ComputerEquipment2023-09-012024-08-3108655441ns5:PlantMachinery2023-08-3108655441ns5:FurnitureFittings2023-08-3108655441ns5:MotorVehicles2023-08-3108655441ns5:ComputerEquipment2023-08-3108655441ns5:PlantMachinery2024-08-3108655441ns5:FurnitureFittings2024-08-3108655441ns5:MotorVehicles2024-08-3108655441ns5:ComputerEquipment2024-08-3108655441ns5:PlantMachinery2023-08-3108655441ns5:FurnitureFittings2023-08-3108655441ns5:MotorVehicles2023-08-3108655441ns5:ComputerEquipment2023-08-3108655441ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108655441ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 08655441 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Art Demolition Limited

Art Demolition Limited (Registered number: 08655441)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Art Demolition Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A Thurlby





REGISTERED OFFICE: Manor Farm
High Road
Manthorpe
Grantham
NG31 8NG





REGISTERED NUMBER: 08655441 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Morton House
12 Appletongate
Newark
Nottinghamshire
NG24 1JY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Art Demolition Limited

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 Income Statement 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 Art Demolition Limited for the year ended 31 August 2024 which comprise the Income Statement, 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 Art Demolition Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Art Demolition Limited and state those matters that we have agreed to state to the director of Art Demolition Limited 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 Art Demolition Limited and its director for our work or for this report.

It is your duty to ensure that Art Demolition Limited 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 loss of Art Demolition Limited. You consider that Art Demolition Limited 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 Art Demolition Limited. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Morton House
12 Appletongate
Newark
Nottinghamshire
NG24 1JY


31 August 2025

Art Demolition Limited (Registered number: 08655441)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 689,126 720,080

CURRENT ASSETS
Debtors 5 131,182 113,449

CREDITORS
Amounts falling due within one year 6 171,461 76,705
NET CURRENT (LIABILITIES)/ASSETS (40,279 ) 36,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

648,847

756,824

CREDITORS
Amounts falling due after more than one
year

7

(506,604

)

(555,110

)

PROVISIONS FOR LIABILITIES (125,806 ) (136,815 )
NET ASSETS 16,437 64,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,337 64,799
16,437 64,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2025 and were signed by:





A Thurlby - Director


Art Demolition Limited (Registered number: 08655441)

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

1. STATUTORY INFORMATION

Art Demolition 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 5 ) .

Art Demolition Limited (Registered number: 08655441)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 991,570 25,929 292,380 854 1,310,733
Additions 150,000 - 68,200 - 218,200
Disposals - - (292,380 ) - (292,380 )
At 31 August 2024 1,141,570 25,929 68,200 854 1,236,553
DEPRECIATION
At 1 September 2023 450,538 10,394 129,179 542 590,653
Charge for year 69,103 3,107 13,640 103 85,953
Eliminated on disposal - - (129,179 ) - (129,179 )
At 31 August 2024 519,641 13,501 13,640 645 547,427
NET BOOK VALUE
At 31 August 2024 621,929 12,428 54,560 209 689,126
At 31 August 2023 541,032 15,535 163,201 312 720,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,602 107,339
Other debtors 11,580 6,110
131,182 113,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,158 2,507
Hire purchase contracts 61,167 40,881
Trade creditors 73,625 49,965
Taxation and social security 3,621 (19,460 )
Other creditors 2,890 2,812
171,461 76,705

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 37,278 24,134
Other creditors 469,326 530,976
506,604 555,110