| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st March 2025 |
| for |
| Art Zone Co-operative Ltd |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31st March 2025 |
| for |
| Art Zone Co-operative Ltd |
| Art Zone Co-operative Ltd (Registered number: 02893361) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Art Zone Co-operative Ltd |
| Company Information |
| for the Year Ended 31st March 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4a Printing House Yard |
| Hackney Road |
| London |
| E2 7PR |
| Art Zone Co-operative Ltd (Registered number: 02893361) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| RESERVES |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges his 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. |
| Art Zone Co-operative Ltd (Registered number: 02893361) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the director and authorised for issue on |
| Art Zone Co-operative Ltd (Registered number: 02893361) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| Art Zone Co-operative Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of 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 |
| Plant and machinery | - |
| Computer equipment | - |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2024 |
| and 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Art Zone Co-operative Ltd (Registered number: 02893361) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| VAT |
| Accrued income |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Director's current account | 43,363 | 40,563 |
| Accrued expenses |
| 7. | GOING CONCERN |
| The company has a deficiency in its balance sheet. However, this is primarily caused by the directors' current account balances. The directors have indicated their willingness to continue to support the company for the foreseeable future and not to demand the repayment of their loan accounts in priority to other creditors. The accounts are therefore prepared on a going concern basis. |