Artemis Adjusting Limited - Accounts to registrar (filleted) - small 18.2

Artemis Adjusting Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10560954 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Artemis Adjusting Limited

Artemis Adjusting Limited (Registered number: 10560954)

Contents of the Financial Statements
for the Year Ended 30 September 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Artemis Adjusting Limited

Company Information
for the Year Ended 30 September 2021







DIRECTORS: S Trood
J N Davies





REGISTERED OFFICE: 3 Harrowden Road
Northampton
NN4 7EB





REGISTERED NUMBER: 10560954 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Artemis Adjusting Limited (Registered number: 10560954)

Balance Sheet
30 September 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Stocks 216,550 168,267
Debtors 5 1,092,783 684,112
Cash at bank 30,137 74,967
1,339,470 927,346
CREDITORS
Amounts falling due within one year 6 1,165,851 769,756
NET CURRENT ASSETS 173,619 157,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

173,619

157,590

CREDITORS
Amounts falling due after more than
one year

7

85,702

124,171
NET ASSETS 87,917 33,419

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,817 33,319
SHAREHOLDERS' FUNDS 87,917 33,419

Artemis Adjusting Limited (Registered number: 10560954)

Balance Sheet - continued
30 September 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2022 and were signed on its behalf by:





S Trood - Director


Artemis Adjusting Limited (Registered number: 10560954)

Notes to the Financial Statements
for the Year Ended 30 September 2021


1. STATUTORY INFORMATION

Artemis Adjusting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Artemis Adjusting Limited (Registered number: 10560954)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 34,234
Disposals (34,234 )
At 30 September 2021 -
NET BOOK VALUE
At 30 September 2021 -

Artemis Adjusting Limited (Registered number: 10560954)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 449,339 240,341
Amounts owed by group undertakings 618,366 385,328
Other debtors 25,078 58,443
1,092,783 684,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 12,621 10,463
Trade creditors 532,562 385,606
Amounts owed to group undertakings 480,351 148,196
Taxation and social security 50,396 81,654
Other creditors 89,921 143,837
1,165,851 769,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 9,869 18,338
Other creditors 75,833 105,833
85,702 124,171

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 13,333