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REGISTERED NUMBER: 06207437 (England and Wales)







Financial Statements for the Year Ended 31 March 2024

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 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Atelier Home and Gift Limited

Company Information
for the Year Ended 31 March 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161,093 109,890

CURRENT ASSETS
Stocks 785,899 597,261
Debtors 698,746 562,774
Cash at bank 6,945 131,657
1,491,590 1,291,692
CREDITORS
Amounts falling due within one year 1,142,072 993,501
NET CURRENT ASSETS 349,518 298,191
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,611

408,081

CREDITORS
Amounts falling due after more than one
year

172,661

203,903
NET ASSETS 337,950 204,178

CAPITAL AND RESERVES
Called up share capital 35,000 35,000
Capital redemption reserve 15,000 15,000
Retained earnings 287,950 154,178
SHAREHOLDERS' FUNDS 337,950 204,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 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 1 August 2024 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 2024

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 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 254,750
Additions 129,974
Disposals (79,165 )
At 31 March 2024 305,559
DEPRECIATION
At 1 April 2023 144,860
Charge for year 46,963
Eliminated on disposal (47,357 )
At 31 March 2024 144,466
NET BOOK VALUE
At 31 March 2024 161,093
At 31 March 2023 109,890

5. 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 £21,008 (2023: £9,149).

6. ULTIMATE CONTROLLING PARTY

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