Accounts Submission


ARTYFACTS LTD

Company Registration Number:
06333021 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2021

Period of accounts

Start date: 01 September 2020

End date: 31 August 2021

ARTYFACTS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ARTYFACTS LTD

Company Information

for the Period Ended 31 August 2021




Director: Rosalind Whyte
Registered office: 18
Bonfield Road
London
SE13 6BY
Company Registration Number: 06333021 (England and Wales)

ARTYFACTS LTD

Balance sheet

As at 31 August 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 2,579 3,617
Total fixed assets: 2,579 3,617
Current assets
Stocks: 0 0
Debtors: 5 0 0
Cash at bank and in hand: 31,001 19,791
Total current assets: 31,001 19,791
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 2,484 ) ( 2,484 )
Net current assets (liabilities): 28,517 17,307
Total assets less current liabilities: 31,096 20,924
Creditors: amounts falling due after more than one year: 7 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 31,096 20,924

The notes form part of these financial statements

ARTYFACTS LTD

Balance sheet continued

As at 31 August 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 82,532 74,660
Profit and loss account: ( 51,436 ) ( 53,736 )
Shareholders funds: 31,096 20,924

For the year ending 31 August 2021 the company was entitled to exemption 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.

This report was approved by the board of directors on 18 February 2022
And Signed On Behalf Of The Board By:

Name: Rosalind Whyte
Status: Director

The notes form part of these financial statements

ARTYFACTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents income received from lectures delivered in person and virtually.

    Tangible fixed assets depreciation policy

    The cost of tangible fixed assets is purchase price together with any incidental costs of acquisition.

    Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset
    over its expected useful life, as follows:
    Equipment 25% Straight Line Method

ARTYFACTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 1 1

ARTYFACTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 3. Off balance sheet disclosure

    No

ARTYFACTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

4. Tangible assets

Office equipment Total
Cost £ £
At 01 September 2020 9,589 9,589
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 August 2021 9,589 9,589
Depreciation
At 01 September 2020 5,972 5,972
Charge for year 1,038 1,038
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 August 2021 7,010 7,010
Net book value
At 31 August 2021 2,579 2,579
At 31 August 2020 3,617 3,617

ARTYFACTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

5. Debtors


2021
£

2020
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0

ARTYFACTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

6.Creditors: amounts falling due within one year note


2021
£

2020
£
Other creditors 2,484 2,484
Total 2,484 2,484

ARTYFACTS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2021

7.Creditors: amounts falling due after more than one year


2021
£

2020
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0