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REGISTERED NUMBER: 12382599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ATELIER 18 LTD

ATELIER 18 LTD (REGISTERED NUMBER: 12382599)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ATELIER 18 LTD

Company Information
for the year ended 31 March 2024







DIRECTOR: J M Foster





REGISTERED OFFICE: 18 High Street
Banstead
SM7 2LJ





REGISTERED NUMBER: 12382599 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

ATELIER 18 LTD (REGISTERED NUMBER: 12382599)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 26,843 30,343
Tangible assets 5 26,689 33,842
53,532 64,185

CURRENT ASSETS
Stocks 11,973 9,335
Debtors 6 4,677 11,275
Cash at bank and in hand 32,368 44,155
49,018 64,765
CREDITORS
Amounts falling due within one year 7 (94,584 ) (114,897 )
NET CURRENT LIABILITIES (45,566 ) (50,132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,966

14,053

PROVISIONS FOR LIABILITIES 8 (6,672 ) (8,461 )
NET ASSETS 1,294 5,592

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,292 5,590
SHAREHOLDERS' FUNDS 1,294 5,592

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 director acknowledges his 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 18 LTD (REGISTERED NUMBER: 12382599)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





J M Foster - Director


ATELIER 18 LTD (REGISTERED NUMBER: 12382599)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Atelier 18 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue represents the total value, excluding VAT, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Revenue from hair and beauty services is recognised when the service is provided. Revenue from the sale of goods is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings-Straight line over 5 years
Computer equipment-Straight line over 4 years

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

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.


ATELIER 18 LTD (REGISTERED NUMBER: 12382599)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 plan for it's employees. A defined benefit 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.

The contributions are recognised as an expense in the Statement of Profit or Loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial position. The assets of the plan are held separately from the company in independently administered funds.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items 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 an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

ATELIER 18 LTD (REGISTERED NUMBER: 12382599)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 35,000 3 35,003
AMORTISATION
At 1 April 2023 4,660 - 4,660
Charge for year 3,500 - 3,500
At 31 March 2024 8,160 - 8,160
NET BOOK VALUE
At 31 March 2024 26,840 3 26,843
At 31 March 2023 30,340 3 30,343

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 44,997 1,048 46,045
Additions 1,500 933 2,433
At 31 March 2024 46,497 1,981 48,478
DEPRECIATION
At 1 April 2023 11,983 220 12,203
Charge for year 9,224 362 9,586
At 31 March 2024 21,207 582 21,789
NET BOOK VALUE
At 31 March 2024 25,290 1,399 26,689
At 31 March 2023 33,014 828 33,842

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,519 7,718
Other debtors 158 3,557
4,677 11,275

ATELIER 18 LTD (REGISTERED NUMBER: 12382599)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 900 3,168
Taxation and social security 23,222 20,202
Other creditors 70,462 91,527
94,584 114,897

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,672 8,461

Deferred
tax
£   
Balance at 1 April 2023 8,461
Accelerated capital allowances (1,789 )
Balance at 31 March 2024 6,672

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2