REGISTERED NUMBER: 11588220 (England and Wales)

ARTISAN ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

125,630

107,932

CURRENT ASSETS

Debtors

5

116,130

90,365

Cash at bank and in hand

56,258

124,346

172,388

214,711

CREDITORS

Amounts falling due within one year

6

132,344

150,448

NET CURRENT ASSETS

40,044

64,263

TOTAL ASSETS LESS CURRENT LIABILITIES

165,674

172,195

CREDITORS

Amounts falling due after more than one year

7

(5,286

)

(15,661

)

PROVISIONS FOR LIABILITIES

(23,524

)

(20,507

)

NET ASSETS

136,864

136,027

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

136,763

135,926

SHAREHOLDERS' FUNDS

136,864

136,027

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

A Green - Director

J Green - Director

1.	STATUTORY INFORMATION

Artisan Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11588220

Registered office:

7-8 Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

35,715

99,586

-

9,715

145,016

Additions

-

13,188

28,500

1,395

43,083

At 31 December 2024

35,715

112,774

28,500

11,110

188,099

DEPRECIATION

At 1 January 2024

2,381

25,664

-

9,039

37,084

Charge for year

714

19,619

4,156

896

25,385

At 31 December 2024

3,095

45,283

4,156

9,935

62,469

NET BOOK VALUE

At 31 December 2024

32,620

67,491

24,344

1,175

125,630

At 31 December 2023

33,334

73,922

-

676

107,932

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

101,343

77,405

Other debtors

14,787

12,960

116,130

90,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

10,375

10,951

Trade creditors

18,796

20,318

Taxation and social security

39,435

52,314

Other creditors

63,738

66,865

132,344

150,448

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

5,286

15,661

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

10,375

10,951

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,286

10,375

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

5,286

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J Green

Balance outstanding at start of year

6,818

4,563

Amounts advanced

26,000

26,255

Amounts repaid

(25,000

)

(24,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,818

6,818

A Green

Balance outstanding at start of year

(4,875

)

(12,716

)

Amounts advanced

29,732

35,291

Amounts repaid

(28,500

)

(27,450

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,643

)

(4,875

)

10.	RELATED PARTY DISCLOSURES

Artisan Engineering Services

A partnership in which A Green and J Green are partners.

Management charges of £11,500 (2023: £15,000) were charged from Artisan Engineering Services during the year.

Amounts due to Artisan Engineering Services at the balance sheet date is £54,768 (2023: £55,467).

The loan is on interest free basis and there are no agreed repayment terms.