Company Registration No. 07120406 (England and Wales)
ARTDRIVER LTD
Unaudited accounts
for the year ended 31 January 2025
ARTDRIVER LTD
Unaudited accounts
Contents
ARTDRIVER LTD
Company Information
for the year ended 31 January 2025
Director
Oleksiy Synelnychenko
Company Number
07120406 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET
LONDON
WC1N 3AX
Accountants
AUDTAX ACCOUNTANTS & TAX CONSULTANTS LIMITED
OFFICE 316, IMPERIAL CHAMBERS
10-17 SEVENWAYS PARADE, WOODFORD AVENUE
LONDON
IG2 6JX
ARTDRIVER LTD
Statement of financial position
as at 31 January 2025
Tangible assets
5,395
1,707
Cash at bank and in hand
314,709
216,405
Creditors: amounts falling due within one year
(300,092)
(145,271)
Net current assets
149,566
180,813
Total assets less current liabilities
154,961
182,520
Creditors: amounts falling due after more than one year
109,394
-
Net assets
264,355
182,520
Called up share capital
1
1
Profit and loss account
264,354
182,519
Shareholders' funds
264,355
182,520
For the year ending 31 January 2025 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 29 August 2025 and were signed on its behalf by
Oleksiy Synelnychenko
Director
Company Registration No. 07120406
ARTDRIVER LTD
Notes to the Accounts
for the year ended 31 January 2025
ARTDRIVER LTD is a private company, limited by shares, registered in England and Wales, registration number 07120406. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
50% on straight line basis
Fixtures & fittings
50% on straight line basis
Computer equipment
50% on straight line basis
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
-
-
6,566
6,566
Additions
300
1,746
3,560
5,606
At 31 January 2025
300
1,746
10,126
12,172
At 1 February 2024
-
-
4,859
4,859
Charge for the year
50
241
1,627
1,918
At 31 January 2025
50
241
6,486
6,777
At 31 January 2025
250
1,505
3,640
5,395
At 31 January 2024
-
-
1,707
1,707
ARTDRIVER LTD
Notes to the Accounts
for the year ended 31 January 2025
Amounts falling due within one year
Trade debtors
90,308
75,323
Other debtors
44,641
34,356
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
3,993
2,955
Taxes and social security
80,523
60,793
Other creditors
149,999
14,126
Loans from directors
41,825
35,585
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
(109,394)
-
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).