Company Registration No. 4518741 (England and Wales)
Art Perspective Limited
Unaudited accounts
for the year ended 31 August 2021
Art Perspective Limited
Unaudited accounts
Contents
Art Perspective Limited
Company Information
for the year ended 31 August 2021
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 2021
Tangible assets
827
1,098
Cash at bank and in hand
6,230
13,575
Creditors: amounts falling due within one year
(4,695)
(3,492)
Net current assets
2,317
10,987
Called up share capital
30
30
Profit and loss account
3,114
12,055
Shareholders' funds
3,144
12,085
For the year ending 31 August 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 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 14 October 2021 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 2021
Art Perspective Limited is a private company, limited by shares, registered in England and Wales, registration number 4518741. The registered office and principal place of business 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 2021
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2020
109
11,032
11,141
At 31 August 2021
109
11,032
11,141
At 1 September 2020
64
9,979
10,043
Charge for the year
9
262
271
At 31 August 2021
73
10,241
10,314
At 31 August 2021
36
791
827
At 31 August 2020
45
1,053
1,098
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
782
904
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
-
3
Loans from directors
3,830
2,629
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).