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REGISTERED NUMBER: 06207437 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Atelier Home and Gift Limited

Atelier Home and Gift Limited (Registered number: 06207437)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Atelier Home and Gift Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr T G Hislop
Ms G Stratton





REGISTERED OFFICE: Unit 3 Cropper Court
Whitehills Business Park
Blackpool
Lancashire
FY4 5PU





REGISTERED NUMBER: 06207437 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Atelier Home and Gift Limited (Registered number: 06207437)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 109,890 150,438
109,890 150,438

CURRENT ASSETS
Stocks 597,261 570,112
Debtors 562,774 393,779
Cash at bank 131,657 20,141
1,291,692 984,032
CREDITORS
Amounts falling due within one year 993,501 888,818
NET CURRENT ASSETS 298,191 95,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,081

245,652

CREDITORS
Amounts falling due after more than one
year

203,903

158,809
NET ASSETS 204,178 86,843

CAPITAL AND RESERVES
Called up share capital 35,000 35,000
Capital redemption reserve 15,000 15,000
Retained earnings 154,178 36,843
SHAREHOLDERS' FUNDS 204,178 86,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Atelier Home and Gift Limited (Registered number: 06207437)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





Mr T G Hislop - Director


Atelier Home and Gift Limited (Registered number: 06207437)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Atelier Home and Gift Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements are drawn up for periods of 52 weeks (and when necessary 53 weeks) ending on the Saturday closest to 31 March.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Atelier Home and Gift Limited (Registered number: 06207437)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 56,865
Disposals (56,865 )
At 31 March 2023 -
AMORTISATION
At 1 April 2022 56,865
Eliminated on disposal (56,865 )
At 31 March 2023 -
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 342,893
Additions 6,881
Disposals (95,024 )
At 31 March 2023 254,750
DEPRECIATION
At 1 April 2022 192,455
Charge for year 46,870
Eliminated on disposal (94,465 )
At 31 March 2023 144,860
NET BOOK VALUE
At 31 March 2023 109,890
At 31 March 2022 150,438

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date Mr T G Hislop and Ms G Stratton who are both director's, owed the company £9,149 (2022: £23,792).

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr T G Hislop by virtue of his shareholding.