AL Arts Limited

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

Registered number: SC555066

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,951		2,352

			1,951		2,352
CURRENT ASSETS
Stocks	5	2,000		2,000
Debtors	6	31,655		22,873
Cash at bank and in hand		1,371		1,713

		35,026		26,586
Creditors: Amounts Falling Due Within One Year	7	(41,348 )		(25,194 )

NET CURRENT ASSETS (LIABILITIES)			(6,322 )		1,392

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,371 )		3,744

Creditors: Amounts Falling Due After More Than One Year	8		(2,000 )		(6,331 )

NET LIABILITIES			(6,371 )		(2,587 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(6,471 )		(2,687 )

SHAREHOLDERS' FUNDS			(6,371)		(2,587)

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AL Arts Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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

Mrs Alaina Euler

Director

30/05/2025

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

1. General Information

AL Arts Limited is a private company, limited by shares, incorporated in Scotland, registered number SC555066 . The registered office is 259 Argyle Street, Glasgow, G2 8DL.

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. 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:

Leasehold	20 % Straight Line Method
Plant & Machinery	25% Reducing Balance Method
Fixtures & Fittings	25 % Reducing Balance Method
Computer Equipment	33.33 % Reducing Balance Method

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2024	2,386	2,010	4,373	1,007	9,776
Additions	-	250	-	-	250

As at 31 January 2025	2,386	2,260	4,373	1,007	10,026

...CONTINUED

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AL Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Depreciation
As at 1 February 2024	2,385	1,374	2,858	807	7,424
Provided during the period	-	206	379	66	651

As at 31 January 2025	2,385	1,580	3,237	873	8,075

Net Book Value
As at 31 January 2025	1	680	1,136	134	1,951

As at 1 February 2024	1	636	1,515	200	2,352

5. Stocks

	2025	2024
	£	£
Stock	2,000	2,000

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,140	1,140
Other debtors (1)	19,197	17,697
Directors' loan accounts	11,318	4,036

	31,655	22,873

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	4,000	3,667
Other taxes and social security	3,344	3,225
VAT	6,142	8,244
Pension	331	276
Amounts owed to other participating interests	27,531	9,782

	41,348	25,194

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

	2025	2024
	£	£
Bank loans	2,000	6,331

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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AL Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Mrs Alaina Euler	4,036	20,862	(13,580 )	-	11,318

The above loan is unsecured, interest free and repayable on demand.

11. Going concern note

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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