REGISTERED NUMBER: 13219020 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ARTEMIS FM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Osborn

A J Laishley

REGISTERED OFFICE:

Unit 12 Westham Business Park

Eastbourne Road

Westham

Pevensey

East Sussex

BN24 5NP

REGISTERED NUMBER:

13219020 (England and Wales)

ACCOUNTANTS:

LMDB Accountants

Chartered Certified Accountants

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

FIXED ASSETS

Tangible assets

4

106,112

191,828

CURRENT ASSETS

Stocks

27,500

33,201

Debtors

5

462,868

286,299

Cash at bank

19,806

9,939

510,174

329,439

CREDITORS

Amounts falling due within one year

6

379,571

265,192

NET CURRENT ASSETS

130,603

64,247

TOTAL ASSETS LESS CURRENT LIABILITIES

236,715

256,075

CREDITORS

Amounts falling due after more than one year

7

(190,173

)

(249,600

)

PROVISIONS FOR LIABILITIES

(22,775

)

-

NET ASSETS

23,767

6,475

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

23,765

6,473

SHAREHOLDERS' FUNDS

23,767

6,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

T J Osborn - Director

A J Laishley - Director

1.	STATUTORY INFORMATION

Artemis FM Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Gross amounts owed by contract customers are recognised by reference to the stage of completion when the stage of completion, costs incurred, costs to complete and the mark-up can be estimated reliably. The stage of completion is calculated by comparing the costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probably will be recovered

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 8 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2024

246,588

Additions

425

Disposals

(46,995

)

At 28 February 2025

200,018

DEPRECIATION

At 29 February 2024

54,760

Charge for year

49,916

Eliminated on disposal

(10,770

)

At 28 February 2025

93,906

NET BOOK VALUE

At 28 February 2025

106,112

At 28 February 2024

191,828

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

335,068

217,251

Amounts recoverable on contract

95,070

62,145

Other debtors

32,730

6,903

462,868

286,299

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

221,464

52,184

Hire purchase contracts

25,133

39,932

Trade creditors

52,397

72,604

Taxation and social security

53,454

51,873

Other creditors

27,123

48,599

379,571

265,192

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts

118,358

161,791

Other creditors

71,815

87,809

190,173

249,600

Amounts falling due in more than five years:

Repayable by instalments

Other loans

-

4,775

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

2

Ordinary

£1

2

2