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REGISTERED NUMBER: 08456541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ATELIER ROSE & GRAY LIMITED

ATELIER ROSE & GRAY LIMITED (REGISTERED NUMBER: 08456541)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATELIER ROSE & GRAY LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTORS: Mr C Brooks
Miss A Kelly





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 08456541 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

ATELIER ROSE & GRAY LIMITED (REGISTERED NUMBER: 08456541)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,441 28,138
27,441 28,138

CURRENT ASSETS
Stocks 110,000 75,000
Debtors 6 29,584 10,689
Cash at bank 2,851 8,367
142,435 94,056
CREDITORS
Amounts falling due within one year 7 (123,607 ) (60,124 )
NET CURRENT ASSETS 18,828 33,932
TOTAL ASSETS LESS CURRENT LIABILITIES 46,269 62,070

CREDITORS
Amounts falling due after more than one year 8 (26,730 ) (41,594 )
NET ASSETS 19,539 20,476

ATELIER ROSE & GRAY LIMITED (REGISTERED NUMBER: 08456541)

BALANCE SHEET - continued
31st March 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 19,439 20,376
SHAREHOLDERS' FUNDS 19,539 20,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 3rd November 2023 and were signed on its behalf by:





Mr C Brooks - Director


ATELIER ROSE & GRAY LIMITED (REGISTERED NUMBER: 08456541)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Atelier Rose and Gray Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 08456541. The address of the registered office is KJG, 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD. The principal place of business is Hempfiled Stables Gallery, Back Lane, Cheshire, WA14 4SG.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before turnover is recognised:

- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised evenly over its estimated useful life of over five years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their
estimated useful lives, using the following methods:

Fixtures and fittings-15% Reducing balance
Computer equipment-25% Reducing balance
Motor Vehicle-25% Reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

ATELIER ROSE & GRAY LIMITED (REGISTERED NUMBER: 08456541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 26,949
AMORTISATION
At 1st April 2022
and 31st March 2023 26,949
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

ATELIER ROSE & GRAY LIMITED (REGISTERED NUMBER: 08456541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 6,770 28,786 9,210 44,766
Additions 3,801 - 2,612 6,413
At 31st March 2023 10,571 28,786 11,822 51,179
DEPRECIATION
At 1st April 2022 3,255 8,096 5,277 16,628
Charge for year 740 5,173 1,197 7,110
At 31st March 2023 3,995 13,269 6,474 23,738
NET BOOK VALUE
At 31st March 2023 6,576 15,517 5,348 27,441
At 31st March 2022 3,515 20,690 3,933 28,138

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,732 1,144
Other debtors 24,852 9,545
29,584 10,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,180 10,887
Hire purchase contracts 5,097 3,909
Trade creditors 88,136 31,506
Taxation and social security 17,251 11,465
Other creditors 2,943 2,357
123,607 60,124

ATELIER ROSE & GRAY LIMITED (REGISTERED NUMBER: 08456541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,487 30,066
Hire purchase contracts 5,243 11,528
26,730 41,594

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary 'A' £1.00 80 80
20 Ordinary 'B' £1.00 20 20
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Mr C Brooks
Balance outstanding at start of year 9,194 13,930
Amounts advanced 132,650 103,168
Amounts repaid (142,157 ) (107,904 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (313 ) 9,194