Artistic Licence UK Limited iXBRL

Artistic Licence UK Limited

Abridged Unaudited Financial Statements

for the financial year ended 31 January 2025

Artistic Licence UK Limited

Company Registration Number: 10535130

ABRIDGED BALANCE SHEET

as at 31 January 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

39,162

49,949

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Current Assets

Stocks

21,818

29,276

Debtors

17,165

14,619

Cash at bank and in hand

28,927

35,438

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67,910

79,333

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Creditors: amounts falling due within one year

(18,049)

(16,615)

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Net Current Assets

49,861

62,718

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Total Assets less Current Liabilities

89,023

112,667

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Capital and Reserves

Called up share capital

100

100

Retained earnings

88,923

112,567

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Shareholders' Funds

89,023

112,667

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The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 20 October 2025 and signed on its behalf by



________________________________			________________________________
Mrs H M Murdoch			Mr J D Murdoch
Director			Director

Artistic Licence UK Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 January 2025

General Information

Artistic Licence UK Limited is a company limited by shares incorporated in the United Kingdom. The registered office of the company is 7 King Street, Weymouth, Dorset, DT4 7BJ, United Kingdom which is also the principal place of business of the company. The principal activity of the company is the provison amusement and recreation activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

20% Reducing balance

Fixtures, fittings and equipment

15% Reducing balance

Motor vehicles

25% Reducing balance

Computer equipment

33% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.


3.	Employees

	The average monthly number of employees, including directors, during the financial year was 35, (2024 - 37).

		2025	2024
		Number	Number

	Director	1	1
	Employee	34	36
		─────────	─────────
		35	37
		═════════	═════════


4.	Tangible assets
		Plant and	Fixtures,	Motor	Computer equipment	Total
		machinery	fittings and	vehicles
			equipment
		£	£	£	£	£
	Cost
	At 1 February 2024	63,829	19,020	23,990	8,395	115,234
	Additions	-	1,150	-	-	1,150
		─────────	─────────	─────────	─────────	─────────
	At 31 January 2025	63,829	20,170	23,990	8,395	116,384
		─────────	─────────	─────────	─────────	─────────
	Depreciation
	At 1 February 2024	39,320	13,368	5,998	6,599	65,285
	Charge for the financial year	5,541	1,206	4,498	692	11,937
		─────────	─────────	─────────	─────────	─────────
	At 31 January 2025	44,861	14,574	10,496	7,291	77,222
		─────────	─────────	─────────	─────────	─────────
	Net book value
	At 31 January 2025	18,968	5,596	13,494	1,104	39,162
		═════════	═════════	═════════	═════════	═════════
	At 31 January 2024	24,509	5,652	17,992	1,796	49,949
		═════════	═════════	═════════	═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 January 2025.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.