AN:Artists Information Company
|
Registered Number
:
01626331
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
AN:Artists Information Company
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
18,304
24,770
2
18,304
24,770
Trade and other receivables
|
33,642
42,145
3
556,350
Cash and cash equivalents
|
688,470
730,615
589,992
Trade and other payables
:
amounts falling due within one
|
year
|
(129,309)
(119,183)
4
460,683
611,432
Net current assets
Total assets less current liabilities
|
629,736
485,453
629,736
Net assets
485,453
629,736
485,453
629,736
485,453
Members' Funds
For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Prof Simon David Pallett Director
|
These financial statements were approved and authorised for issue by the Board on 02 August 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2021
AN:Artists Information Company
Notes to the Financial Statements
Statutory Information
AN
:
Artists Information Company is a private limited company
,
limited by guarantee
,
domiciled in England and Wales
,
|
registration number
01626331
.
|
Principal place of business
:
|
S19, Toffee Factory
Lower Sternbergs Yard
Newcastle
NE1 2DF
S19 Toffee Factory Lower Steenbergs Yard
Ouseburn
Newcastle Upon Tyne
NE1 2DF
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
2 of 4
For the year ended 31 March 2021
AN:Artists Information Company
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
67,808
50,410
17,398
3,394
3,270
124
(24,572)
-
(24,572)
17,522
29,108
46,630
Provision for depreciation and impairment
|
43,038
36,006
7,032
Charge for year
9,860
7,271
2,589
(24,572)
(24,572)
-
28,326
18,705
9,621
7,901
10,403
18,304
10,366
14,404
24,770
3
.
Trade and other receivables
|
2020
2021
7,725
3,074
34,420
30,568
33,642
42,145
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
23,390
61,846
Taxation and social security
|
67,206
33,351
28,587
34,112
119,183
129,309
5
.
Related party transactions
|
During the year
,
the company made the following related party transactions
:
|
The company made payments to some of its directors or their associated businesses during the year for the services
|
they supplied to the company in the ordinary course of its business
,
including reimbursement of expenses incurred in
|
providing those services
.
These payments amount to £
14
,
339
(
2020
-
£
11
,
185
)
during the year
.
|
3 of 4
For the year ended 31 March 2021
AN:Artists Information Company
Notes to the Financial Statements Continued
6
.
Average number of persons employed
|
During the year the average number of employees was 14 (2020 : 14)
4 of 4