Artellite Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04877908

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		3,108		2,060
Investments	6		2		2

			3,110		2,062
CURRENT ASSETS
Stocks	7	54,875		-
Debtors	8	41,172		68,870
Cash at bank and in hand		136,244		61,306

		232,291		130,176
Creditors: Amounts Falling Due Within One Year	9	(199,566 )		(257,321 )

NET CURRENT ASSETS (LIABILITIES)			32,725		(127,145 )

TOTAL ASSETS LESS CURRENT LIABILITIES			35,835		(125,083 )

Creditors: Amounts Falling Due After More Than One Year	10		(629,164 )		(335,096 )

NET LIABILITIES			(593,329 )		(460,179 )

CAPITAL AND RESERVES
Called up share capital	11		113		113
Share premium account			538,966		538,966
Profit and Loss Account			(1,132,408 )		(999,258 )

SHAREHOLDERS' FUNDS			(593,329)		(460,179)

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Artellite Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

E Olisa

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Artellite Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04877908 . The registered office is 2A High Street, Thames Ditton, Surrey, KT7 0RY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development costs. These are amortised to the profit and loss account over the estimated economic life of 4 years

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

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Artellite Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 January 2024	68,238

As at 31 December 2024	68,238

Amortisation
As at 1 January 2024	68,238

As at 31 December 2024	68,238

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	-

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 January 2024	37,649
Additions	1,744

As at 31 December 2024	39,393

Depreciation
As at 1 January 2024	35,589
Provided during the period	696

As at 31 December 2024	36,285

Net Book Value
As at 31 December 2024	3,108

As at 1 January 2024	2,060

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	2

As at 31 December 2024	2

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	2

As at 1 January 2024	2

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Artellite Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	54,875	-

8. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	34,282	53,278
Other debtors	6,890	15,592

	41,172	68,870

9. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	98,767	101,331
Bank loans and overdrafts	5,931	23,288
Other loans	64,337	87,476
Other creditors	15,228	33,625
Taxation and social security	15,303	11,601

	199,566	257,321

10. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	29,164	35,096
Other loans	600,000	300,000

	629,164	335,096

Other loans falling due after one year comprise a debenture secured with a fixed and floating charge covering all the property or undertaking of the company.

11. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	113	113

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