Artistic Solutions Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 5

Artistic Solutions Ltd

(Registration number: 08021538)
Statement of financial position as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	185,752	201,746
Current assets
Stocks	5	31,805	45,739
Debtors	6	108,168	72,232
Cash at bank and in hand		-	8,273
		139,973	126,244
Creditors: Amounts falling due within one year	7	(157,055)	(83,062)
Net current (liabilities)/assets		(17,082)	43,182
Total assets less current liabilities		168,670	244,928
Creditors: Amounts falling due after more than one year	7	(128,759)	(176,902)
Provisions for liabilities		(5,237)	(5,237)
Net assets		34,674	62,789
Capital and reserves
Called up share capital	8	2	2
Retained earnings		34,672	62,787
Shareholders' funds		34,674	62,789

For the financial year ending 5 April 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 1 December 2025
 

......................................... Mr D Brobbel Director

Artistic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

These financial statements were authorised for issue by the director on 1 December 2025.

2	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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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:

Artistic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Asset class	Depreciation method and rate
Fixture, fittings and equipment	20% Reducing Balance

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 8).

Artistic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 6 April 2024	415,961	7,800	423,761
Additions	27,316	-	27,316
At 5 April 2025	443,277	7,800	451,077
Depreciation
At 6 April 2024	219,207	2,808	222,015
Charge for the year	42,312	998	43,310
At 5 April 2025	261,519	3,806	265,325
Carrying amount
At 5 April 2025	181,758	3,994	185,752
At 5 April 2024	196,754	4,992	201,746

5

Stocks

	2025 £	2024 £
Other inventories	31,805	45,739

6

Debtors

Current	2025 £	2024 £
Trade debtors	48,610	-
Prepayments	14,558	20,372
Other debtors	45,000	51,860
	108,168	72,232

Artistic Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	70,145	62,088
Trade creditors		7,493	-
Taxation and social security		14,248	654
Accruals and deferred income		23,587	2,790
Other creditors		41,582	17,530
		157,055	83,062

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	128,759	176,902

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	97,032	137,952
Other borrowings	31,727	38,950
	128,759	176,902