Artifex Construction Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09652647 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Artifex Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Karolak

D Kwik

REGISTERED OFFICE:

110 Carlton Avenue East

Wembley

Middlesex

HA9 8LY

REGISTERED NUMBER:

09652647 (England and Wales)

ACCOUNTANTS:

MohanRed & Co

110 Carlton Avenue East

Wembley

Middlesex

HA9 8LY

FIXED ASSETS

Tangible assets

4

74,103

30,355

CURRENT ASSETS

Stocks

6,250

8,295

Cash at bank

394,385

248,343

400,635

256,638

CREDITORS

Amounts falling due within one year

5

267,566

184,736

NET CURRENT ASSETS

133,069

71,902

TOTAL ASSETS LESS CURRENT LIABILITIES

207,172

102,257

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

207,072

102,157

SHAREHOLDERS' FUNDS

207,172

102,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2023 and were signed on its behalf by:

A Karolak - Director

D Kwik - Director

1.	STATUTORY INFORMATION

Artifex Construction 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.

Motor vehicles

-

25% on reducing balance

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 Income Statement, 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.

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.

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 4 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2021

22,560

69,057

1,886

93,503

Additions

66,930

-

1,518

68,448

At 30 June 2022

89,490

69,057

3,404

161,951

DEPRECIATION

At 1 July 2021

17,206

44,574

1,368

63,148

Charge for year

18,071

6,120

509

24,700

At 30 June 2022

35,277

50,694

1,877

87,848

NET BOOK VALUE

At 30 June 2022

54,213

18,363

1,527

74,103

At 30 June 2021

5,354

24,483

518

30,355

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Tax

28,804

18,448

Social security and other taxes

14,710

3,966

VAT

42,851

-

Net subcontractor

-

(4,360

)

Net wages

633

1,369

Directors' current accounts

143,368

134,113

Accrued expenses

37,200

31,200

267,566

184,736

6.

RESERVES

Retained

earnings

£

At 1 July 2021

102,157

Profit for the year

186,915

Dividends

(82,000

)

At 30 June 2022

207,072