Company registration number: 04753008
Unaudited financial statements
for the year ended 31 January 2025
for
Artel31 Limited
Pages for filing with the Registrar
Company registration number: 04753008
Artel31 Limited
Balance sheet
as at 31 January 2025
31 Jan 25 31 Jan 24
Note £ £ £ £
Fixed assets
Tangible assets 4 47,284 41,871
47,284 41,871
Current assets
Stocks 11,700 12,025
Debtors 477,445 370,028
Cash at bank and in hand 458,855 263,939
948,000 645,992
Creditors: amounts falling due within one
year 		(498,519) (296,618)
Net current assets 449,481 349,374
Total assets less current liabilities 496,765 391,245
Provisions for liabilities (8,446) (6,466)
NET ASSETS 488,319 384,779
Capital and reserves
Called up share capital 400 400
Profit and loss account 487,919 384,379
TOTAL EQUITY 488,319 384,779
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04753008
Artel31 Limited
Balance sheet - continued
as at 31 January 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 2 October 2025 and signed on its behalf by:
Mr R Elkins, Director Mr B Towl, Director
2 October 2025 2 October 2025
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Artel31 Limited
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
Artel31 Limited is a private company registered in England and Wales. Its registered number is 04753008. The company is limited by shares. Its registered office is Artel31 Ltd, 5 Union Road, Chippenham, Wiltshire, SN15 1HW.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tangible assets:
Plant and machinery - 33% reducing balance
Fixture and Fittings - 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Artel31 Limited
Notes to the financial statements - continued
for the year ended 31 January 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 25 (2024 - 23).
4 Tangible fixed assets
Tangible
assets
£
Cost
At 1 February 2024 104,065
Additions 22,229
Disposals (3,000)
At 31 January 2025 123,294
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Artel31 Limited
Notes to the financial statements - continued
for the year ended 31 January 2025
4 Tangible fixed assets - continued
Depreciation
At 1 February 2024 62,194
Charge for year 16,499
Eliminated on disposal (2,683)
At 31 January 2025 76,010
Net book value
At 31 January 2025 47,284
At 31 January 2024 41,871
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