Registered number: 3343779
ARTICULATE ARTS LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
S E Murby & Co
Saracens House 25 St Margaret's Green Ipswich Suffolk IP4 2BN
Articulate Arts Limited Directors' Report and Unaudited Financial Statements For The Year Ended 30 June 2021
Contents
| Page | |
|---|---|
| Company Information | 2 |
| Directors' Report | 3 |
| Accountant's Report | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 9 |
Page 1
Articulate Arts Limited Company Information For The Year Ended 30 June 2021
| Directors | Baroness Susan Miller |
|---|---|
| Ms Lynn Weddle | |
| Secretary | Baroness Susan Miller |
| Company Number | 3343779 |
| Registered Office | Onca Gallery |
| 14 St Georges Place | |
| Brighton | |
| East Sussex | |
| BN1 4GB | |
| Accountants | S E Murby & Co |
| Saracens House | |
| 25 St Margaret's Green | |
| Ipswich | |
| Suffolk | |
| IP4 2BN |
Page 2
Articulate Arts Limited Company No. 3343779 Directors' Report For The Year Ended 30 June 2021
The directors present their report and the financial statements for the year ended 30 June 2021.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows: Baroness Susan Miller Ms Lynn Weddle
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Ms Lynn Weddle
Director
11/03/2022
Page 3
Articulate Arts Limited Accountant's Report For The Year Ended 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 June 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. 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 financial statements.
11/03/2022
S E Murby & Co
Saracens House 25 St Margaret's Green Ipswich Suffolk IP4 2BN
Page 4
Articulate Arts Limited Income and Expenditure Account For The Year Ended 30 June 2021
| Notes Cost of sales GROSS DEFICIT Administrative expenses Other operating income OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2021 £ (2,634) (2,634) (32,263) 38,590 3,693 |
2020 £ (1,747) |
|---|---|---|
| (1,747) (34,517) 61,807 |
||
| 25,543 |
The notes on pages 7 to 8 form part of these financial statements.
Page 5
Articulate Arts Limited Balance Sheet As at 30 June 2021
| Notes FIXED ASSETS Tangible Assets 3 CURRENT ASSETS Debtors 4 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2021 £ £ 966 966 - 40,259 40,259 (400) 39,859 40,825 40,825 40,825 40,825 |
2021 £ £ 966 966 - 40,259 40,259 (400) 39,859 40,825 40,825 40,825 40,825 |
2020 £ £ - - 175 39,212 39,387 (2,255) 37,132 37,132 37,132 37,132 37,132 |
2020 £ £ - - 175 39,212 39,387 (2,255) 37,132 37,132 37,132 37,132 37,132 |
|---|---|---|---|---|
| 966 39,859 |
- 37,132 |
|||
| 40,259 (400) |
39,387 (2,255) |
|||
| 40,825 | 37,132 | |||
| 40,825 | 37,132 | |||
| 40,825 | 37,132 | |||
| 40,825 | 37,132 |
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Ms Lynn Weddle
Director
11/03/2022
The notes on pages 7 to 8 form part of these financial statements.
Page 6
Articulate Arts Limited Notes to the Financial Statements For The Year Ended 30 June 2021
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33.3%
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| . Tangible Assets Cost As at 1 July 2020 Additions As at 30 June 2021 Depreciation As at 1 July 2020 Provided during the period As at 30 June 2021 Net Book Value As at 30 June 2021 As at 1 July 2020 . Debtors Due within one year Prepayments and accrued income . Creditors: Amounts Falling Due Within One Year Trade creditors |
2021 2021 £ - - 2021 £ 400 400 |
2020 |
|---|---|---|
| Computer Equipment £ - 1,449 |
||
| 1,449 | ||
| - 483 |
||
| 483 | ||
| 966 | ||
| - | ||
| 2020 £ 175 |
||
| 175 | ||
| 2020 £ 2,255 |
||
| 2,255 |
- Tangible Assets
4. Debtors
5. Creditors: Amounts Falling Due Within One Year
Page 7
Articulate Arts Limited Notes to the Financial Statements (continued) For The Year Ended 30 June 2021
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7. General Information
Articulate Arts Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 3343779. The registered office is Onca Gallery, 14 St Georges Place, Brighton, East Sussex, BN1 4GB.
Page 8
Articulate Arts Limited Detailed Income and Expenditure Account For The Year Ended 30 June 2021
| COST OF SALES Purchases GROSS DEFICIT Administrative Expenses Travel and subsistence expenses Rent Computer software, consumables and maintenance Printing, postage and stationery Courier services Advertising and marketing costs Training seminars and workshops Telecommunications and data costs Website costs Accountancy fees Fundraising Fees Consultancy fees Management fees Bank charges Depreciation of computer equipment Sundry expenses Other Operating Income Grants and donations OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2021 £ £ 2,634 (2,634) (2,634) 35 164 906 553 180 1,209 400 - 534 400 3,500 9,519 14,297 - 483 83 (32,263) 38,590 38,590 3,693 |
2021 £ £ 2,634 (2,634) (2,634) 35 164 906 553 180 1,209 400 - 534 400 3,500 9,519 14,297 - 483 83 (32,263) 38,590 38,590 3,693 |
2020 £ £ 1,747 (1,747) (1,747) 246 (100) 21 51 55 421 - 173 190 360 5,600 15,165 12,010 6 - 319 (34,517) 61,807 61,807 25,543 |
2020 £ £ 1,747 (1,747) (1,747) 246 (100) 21 51 55 421 - 173 190 360 5,600 15,165 12,010 6 - 319 (34,517) 61,807 61,807 25,543 |
|---|---|---|---|---|
| 35 164 906 553 180 1,209 400 - 534 400 3,500 9,519 14,297 - 483 83 |
246 (100) 21 51 55 421 - 173 190 360 5,600 15,165 12,010 6 - 319 |
|||
| 38,590 | 61,807 | |||
| 3,693 | 25,543 |
Page 9