AL Arts Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC555066

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,452		1,951

			1,452		1,951
CURRENT ASSETS
Stocks	5	2,000		2,000
Debtors	6	30,788		31,655
Cash at bank and in hand		-		1,371

		32,788		35,026
Creditors: Amounts Falling Due Within One Year	7	(51,076 )		(41,348 )

NET CURRENT ASSETS (LIABILITIES)			(18,288 )		(6,322 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(16,836 )		(4,371 )

Creditors: Amounts Falling Due After More Than One Year	8		-		(2,000 )

NET LIABILITIES			(16,836 )		(6,371 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(16,936 )		(6,471 )

SHAREHOLDERS' FUNDS			(16,836)		(6,371)

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AL Arts Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Alaina Euler

Director

30/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AL Arts Limited is a private company, limited by shares, incorporated in Scotland, registered number SC555066 . The registered office is 259 Argyle Street, Glasgow, G2 8DL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20 % Straight Line Method
Plant & Machinery	25% Reducing Balance Method
Fixtures & Fittings	25 % Reducing Balance Method
Computer Equipment	33.33 % Reducing Balance Method

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	2,386	2,260	4,373	1,007	10,026

As at 31 January 2026	2,386	2,260	4,373	1,007	10,026

...CONTINUED

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AL Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Depreciation
As at 1 February 2025	2,385	1,580	3,237	873	8,075
Provided during the period	-	170	284	45	499

As at 31 January 2026	2,385	1,750	3,521	918	8,574

Net Book Value
As at 31 January 2026	1	510	852	89	1,452

As at 1 February 2025	1	680	1,136	134	1,951

5. Stocks

	2026	2025
	£	£
Stock	2,000	2,000

6. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	1,140	1,140
Other debtors (1)	19,197	19,197
Directors' loan accounts	10,451	11,318

	30,788	31,655

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	2,823	4,000
Other taxes and social security	3,669	3,344
VAT	9,414	6,142
Pension	425	331
Accruals and deferred income	1,585	-
Amounts owed to other participating interests	33,160	27,531

	51,076	41,348

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	2,000

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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AL Arts Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mrs Alaina Euler	11,318	4,620	(5,487 )	-	10,451

The above loan is unsecured, interest free and repayable on demand.

11. Going concern note

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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