Registered number
02284181
Artefact Hotel Art Consultants Limited
Abbreviated Accounts
31 March 2016
Artefact Hotel Art Consultants Limited
Registered number: 02284181
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,069 1,185
Current assets
Stocks 66,000 14,000
Debtors 123,086 122,125
Cash at bank and in hand 90,448 28,190
279,534 164,315
Creditors: amounts falling due within one year (256,889) (162,376)
Net current assets 22,645 1,939
Net assets 25,714 3,124
Capital and reserves
Called up share capital 3 2,000 2,000
Profit and loss account 23,714 1,124
Shareholders' funds 25,714 3,124
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
R Brill
Director
Approved by the board on 24 October 2016
Artefact Hotel Art Consultants Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 April 2015 55,229
Additions 3,738
At 31 March 2016 58,967
Depreciation
At 1 April 2015 54,044
Charge for the year 1,854
At 31 March 2016 55,898
Net book value
At 31 March 2016 3,069
At 31 March 2015 1,185
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2,000 2,000 2,000
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