Company Registration No. 14966596 (England and Wales)
Arteum Group Ltd
Unaudited accounts
for the year ended 31 July 2025
Arteum Group Ltd
Unaudited accounts
Contents
Arteum Group Ltd
Company Information
for the year ended 31 July 2025
Directors
Renato Tavares
Matthew James
Company Number
14966596 (England and Wales)
Registered Office
Arteum Group Ltd
Unit 13
Menin Works, Bond Road
Mitcham
Surrey
CR4 3HG
England
Accountants
Collective Concepts Accounting Ltd
Arteum Group Ltd
Statement of financial position
as at 31 July 2025
Intangible assets
22,435
3,285
Cash at bank and in hand
104,137
63,084
Creditors: amounts falling due within one year
(173,041)
(112,009)
Net current assets
76,852
27,119
Called up share capital
100
100
Profit and loss account
135,518
30,304
Shareholders' funds
135,618
30,404
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by
Renato Tavares
Director
Company Registration No. 14966596
Arteum Group Ltd
Notes to the Accounts
for the year ended 31 July 2025
Arteum Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 14966596. The registered office is Arteum Group Ltd, Unit 13, Menin Works, Bond Road, Mitcham, Surrey, CR4 3HG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation has been provided as follows to write off the asset over their estimated useful lives:
Website - 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years Straight line
Fixtures & fittings
3 Years Straight line
Computer equipment
3 Years Straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Arteum Group Ltd
Notes to the Accounts
for the year ended 31 July 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
32,615
3,379
3,185
39,179
At 31 July 2025
32,615
3,379
3,185
39,179
Charge for the year
2,070
365
413
2,848
At 31 July 2025
2,070
365
413
2,848
At 31 July 2025
30,545
3,014
2,772
36,331
Amounts falling due within one year
Trade debtors
86,367
72,751
Accrued income and prepayments
14,181
1,949
Other debtors
35,208
1,344
Arteum Group Ltd
Notes to the Accounts
for the year ended 31 July 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
16,118
22,778
Taxes and social security
36,838
9,087
Loans from directors
-
9,053
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
(9,054)
37,682
16,568
12,060
Loan to director
1,344
30,600
24,322
7,622
(7,710)
68,282
40,890
19,682
At the year end the company was due £19,682 from Directors. The loan has subject to statutory rate of interest
and it's to be repayable on demand.
9
Transactions with related parties
Dividends
During the year, a dividend of £11,800 was declared and paid to Matthew James, a shareholder and director of the company. Renato Taveres, also a shareholder and director, waived his entitlement to dividends for the financial year. No dividend was therefore paid to Renato.
The waiver of dividend did not give rise to any income or expense recognised in the financial statements.
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Average number of employees
During the year the average number of employees was 8 (2024: 3).