Artemis Adjusting Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10560954 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Artemis Adjusting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Hewett

S Trood

J N Davies

M R Livingstone

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

FIXED ASSETS

Tangible assets

4

89,378

80,568

CURRENT ASSETS

Stocks

651,789

282,265

Debtors

5

1,885,291

1,579,328

Cash at bank

181,160

27,608

2,718,240

1,889,201

CREDITORS

Amounts falling due within one year

6

(1,789,656

)

(1,700,579

)

NET CURRENT ASSETS

928,584

188,622

TOTAL ASSETS LESS CURRENT LIABILITIES

1,017,962

269,190

CREDITORS

Amounts falling due after more than one year

7

(77,982

)

(129,913

)

NET ASSETS

939,980

139,277

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

939,880

139,177

SHAREHOLDERS' FUNDS

939,980

139,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 17 January 2024 and were signed on its behalf by:

S Trood - Director

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2022

94,324

Additions

43,188

At 30 September 2023

137,512

DEPRECIATION

At 1 October 2022

13,756

Charge for year

34,378

At 30 September 2023

48,134

NET BOOK VALUE

At 30 September 2023

89,378

At 30 September 2022

80,568

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2022

94,324

Additions

25,448

At 30 September 2023

119,772

DEPRECIATION

At 1 October 2022

13,756

Charge for year

29,943

At 30 September 2023

43,699

NET BOOK VALUE

At 30 September 2023

76,073

At 30 September 2022

80,568

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

830,541

627,557

Amounts owed by group undertakings

524,947

529,317

Other debtors

529,803

422,454

1,885,291

1,579,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

27,407

27,407

Trade creditors

751,501

746,203

Amounts owed to group undertakings

-

283,890

Taxation and social security

499,224

131,555

Other creditors

511,524

511,524

1,789,656

1,700,579

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

44,716

72,124

Other creditors

33,266

57,789

77,982

129,913