Company Registration No. 4518741 (England and Wales)
Art Perspective Limited
Unaudited accounts
for the year ended 31 August 2020
Art Perspective Limited
Unaudited accounts
Contents
Art Perspective Limited
Company Information
for the year ended 31 August 2020
Directors
Mr R A Cumming
Mrs A C Cumming
Company Number
4518741 (England and Wales)
Registered Office
The Old Mill House
Maids Moreton
Buckingham
BUCKINGHAMSHIRE
MK18 7AR
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Art Perspective Limited
Statement of financial position
as at
31 August 2020
Tangible assets
1,098
1,029
Cash at bank and in hand
13,575
8,913
Creditors: amounts falling due within one year
(3,492)
(2,522)
Net current assets
10,987
10,636
Called up share capital
30
30
Profit and loss account
12,055
11,695
Shareholders' funds
12,085
11,725
For the year ending 31 August 2020 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2020 and were signed on its behalf by
Mrs A C Cumming
Director
Company Registration No. 4518741
Art Perspective Limited
Notes to the Accounts
for the year ended 31 August 2020
Art Perspective Limited is a private company, limited by shares, registered in England and Wales, registration number 4518741. The registered office is The Old Mill House, Maids Moreton, Buckingham, BUCKINGHAMSHIRE, MK18 7AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over 5 years
4
Intangible fixed assets
Other
Art Perspective Limited
Notes to the Accounts
for the year ended 31 August 2020
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2019
109
10,602
10,711
At 31 August 2020
109
11,032
11,141
At 1 September 2019
53
9,629
9,682
Charge for the year
11
350
361
At 31 August 2020
64
9,979
10,043
At 31 August 2020
45
1,053
1,098
At 31 August 2019
56
973
1,029
Accrued income and prepayments
904
829
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
3
-
Loans from directors
2,629
1,637
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).