Art_Advice_Ltd_31_Oct_2025_companies_house_set_of

Art Advice Ltd

Statement of Financial Position

31 October 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	2,585		1,897
Current assets
Stocks		52,000		63,000
Debtors	6	-		6,774
Cash at bank and in hand		34,667		11,111
		86,667		80,885
Creditors: amounts falling due within one year	7	(62,894	)	(45,512	)
Net current assets		23,773		35,373
Total assets less current liabilities		26,358		37,270
Capital and reserves
Called up share capital		100		100
Profit and loss account		26,258		37,170
Shareholders funds		26,358		37,270

For the year ending

31 October 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 financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

financial statements

have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

17 July 2026

, and are signed on behalf of the board by:

R Ashton

Director

Company registration number:

11053184

Art Advice Ltd

Notes to the Financial Statements

Year ended

31 October 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

349 Bury Old Road

Prestwich

Manchester

M25 1PY

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 November 2024	8,873
Additions	1,144
At 31 October 2025	10,017
Depreciation
At 1 November 2024	6,976
Charge	456
At 31 October 2025	7,432
Carrying amount
At 31 October 2025	2,585
At 31 October 2024	1,897

6 Debtors

	2025		2024
	£		£
Trade debtors	-		6,774

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	30,361	33,023
Taxation and social security	25,243	4,078
Other creditors	7,290	8,411
	62,894	45,512