Company Registration No. 09648009 (England and Wales)
Blackhorse Lane Atelier Ltd
Unaudited accounts
for the year ended 30 June 2023
Blackhorse Lane Atelier Ltd
Unaudited accounts
Contents
Blackhorse Lane Atelier Ltd
Company Information
for the year ended 30 June 2023
Company Number
09648009 (England and Wales)
Registered Office
114b Blackhorse Lane
London
E17 6AA
Blackhorse Lane Atelier Ltd
Statement of financial position
as at 30 June 2023
Intangible assets
5,755
6,394
Tangible assets
216,580
286,779
Inventories
320,000
294,365
Cash at bank and in hand
37,914
2,816
Creditors: amounts falling due within one year
(351,727)
(407,673)
Net current assets
145,685
44,711
Total assets less current liabilities
368,020
337,884
Creditors: amounts falling due after more than one year
(182,073)
(214,981)
Net assets
185,947
122,903
Share premium
64,000
64,000
Profit and loss account
121,947
58,903
Shareholders' funds
185,947
122,903
For the year ending 30 June 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 28 March 2024 and were signed on its behalf by
Mr Bileghan Ates
Director
Company Registration No. 09648009
Blackhorse Lane Atelier Ltd
Notes to the Accounts
for the year ended 30 June 2023
Blackhorse Lane Atelier Ltd is a private company, limited by shares, registered in England and Wales, registration number 09648009. The registered office is 114b Blackhorse Lane, London, E17 6AA.
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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:
Plant & machinery
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Blackhorse Lane Atelier Ltd
Notes to the Accounts
for the year ended 30 June 2023
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
71,949
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
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Average number of employees
During the year the average number of employees was 29 (2022: 29).