Artisan Holdings UK Limited - Period Ending 2016-04-30

Registration number: 06448504

Artisan Holdings UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Chase Accountancy Limited
4 Station Court
Girton Road
Cannock
Staffordshire
WS11 0EJ

Artisan Holdings UK Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Artisan Holdings UK Limited
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Artisan Holdings UK Limited for the year ended 30 April 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants (ACCA), we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .

This report is made solely to the Board of Directors of Artisan Holdings UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Artisan Holdings UK Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at acca.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Artisan Holdings UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Artisan Holdings UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Artisan Holdings UK Limited. You consider that Artisan Holdings UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Artisan Holdings UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Chase Accountancy Limited
4 Station Court
Girton Road
Cannock
Staffordshire
WS11 0EJ

12 January 2017

Page 1

Artisan Holdings UK Limited
(Registration number: 06448504)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					170,000			170,315
Current assets
Debtors					894			894
Cash at bank and in hand					586			1,163
					1,480			2,057
Creditors: Amounts falling due within one year					(165,816)			(172,296)
Net current liabilities					(164,336)			(170,239)
Net assets					5,664			76
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					5,662			74
Shareholders' funds					5,664			76

For the year ending 30 April 2016 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 12 January 2017

.........................................
Mrs Amanda Louise Robinson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Artisan Holdings UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	20% Straight Line
Office Equipment	25% Straight Line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		191,207			191,207
At 30 April 2016		191,207			191,207
Depreciation
At 1 May 2015		20,892			20,892
Charge for the year		315			315
At 30 April 2016		21,207			21,207
Net book value
At 30 April 2016		170,000			170,000
At 30 April 2015		170,315			170,315

Page 3

Artisan Holdings UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2
of £0.00 each		-			-			-			-
		2			2			2			2

Page 4