Registration number: 02734144

Artemi Limited

Contents
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Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Artemi Limited

Company Information
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Director

P Artemi

Company secretary

Ms L Dimitriou

Registered office

Abbey House 342 Regents Park Road N3 2LJ

Accountants

Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road N3 2LJ

Artemi Limited

(Registration number: 02734144)
Balance Sheet as at 31 August 2025
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	Note	2025 £		2024 £
Fixed assets
Tangible assets	3		21,248		17,090
Current assets
Stocks	4	28,250		27,500
Debtors	5	10,742		58,328
Cash at bank and in hand		28,296		3,251
		67,288		89,079
Creditors: Amounts falling due within one year	6	(52,672)		(10,625)
Net current assets			14,616		78,454
Net assets			35,864		95,544
Capital and reserves
Called up share capital	7	100		100
Retained earnings		35,764		95,444
Shareholders' funds			35,864		95,544

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 November 2025
 

......................................... P Artemi Director

Artemi Limited

Notes to the Financial Statements for the Year Ended 31 August 2025
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1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and equipment	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Artemi Limited

Notes to the Financial Statements for the Year Ended 31 August 2025
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Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Artemi Limited

Notes to the Financial Statements for the Year Ended 31 August 2025
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3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 September 2024	269,095	269,095
Additions	11,248	11,248
At 31 August 2025	280,343	280,343
Depreciation
At 1 September 2024	252,005	252,005
Charge for the year	7,090	7,090
At 31 August 2025	259,095	259,095
Carrying amount
At 31 August 2025	21,248	21,248
At 31 August 2024	17,090	17,090

4

Stocks

	2025 £	2024 £
Other inventories	28,250	27,500

5

Debtors

Current	2025 £	2024 £
Trade debtors	840	48,159
Other debtors	9,902	10,169
	10,742	58,328

Artemi Limited

Notes to the Financial Statements for the Year Ended 31 August 2025
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6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Other creditors	52,672	10,625

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	100	100	100	100