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REGISTERED NUMBER: 08822142 (England and Wales)









THE MAKER'S ATELIER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MAKER'S ATELIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Ms F Tobin





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 08822142 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,057 14,402
Tangible assets 5 1,137 61
15,194 14,463

CURRENT ASSETS
Stocks - 6,959
Debtors 6 333 250
Cash at bank 1,214 1,083
1,547 8,292
CREDITORS
Amounts falling due within one year 7 4,113 11,543
NET CURRENT LIABILITIES (2,566 ) (3,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,628

11,212

CREDITORS
Amounts falling due after more than one
year

8

15,154

11,214
NET LIABILITIES (2,526 ) (2 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (2,527 ) (3 )
SHAREHOLDERS' FUNDS (2,526 ) (2 )

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

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

The director acknowledges her 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 MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

BALANCE SHEET - continued
31 DECEMBER 2023


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 11 September 2024 and were signed by:





Ms F Tobin - Director


THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Maker's Atelier Limited is a private company, limited by shares, incorporated 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.

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future. At the year end the company had net current assets of £1,418 (2022: net current liabilities of £3,251), including cash at bank of £1,214 (2022: £1,083). The company relies on the support of its director, who has indicated that she will continue to support the trading activities of the company. The director is satisfied that the going concern basis of preparing the financial statements is appropriate.

Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Revenue is recognised when sales invoices are raised.

Pattern design costs
Pattern design expenditure is capitalised when the director is satisfied as to the technical, commercial and financial viability of each design. These assets are amortised to the profit and loss account over their estimated useful economic life of 5 years.

Website development costs
Intangible assets include website development. This is amortised to the profit and loss account over its estimated useful economic life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Plant and machinery - 33% on cost
Computer equipment - 33% 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.


THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Pattern
design Website Totals
£    £    £   
COST
At 1 January 2023 36,253 12,630 48,883
Additions 5,825 - 5,825
At 31 December 2023 42,078 12,630 54,708
AMORTISATION
At 1 January 2023 28,232 6,249 34,481
Amortisation for year 3,644 2,526 6,170
At 31 December 2023 31,876 8,775 40,651
NET BOOK VALUE
At 31 December 2023 10,202 3,855 14,057
At 31 December 2022 8,021 6,381 14,402

THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023 2,070 732 1,403 4,205
Additions - - 1,389 1,389
At 31 December 2023 2,070 732 2,792 5,594
DEPRECIATION
At 1 January 2023 2,070 732 1,342 4,144
Charge for year - - 313 313
At 31 December 2023 2,070 732 1,655 4,457
NET BOOK VALUE
At 31 December 2023 - - 1,137 1,137
At 31 December 2022 - - 61 61

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 333 250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 354 4,293
Trade creditors 13 -
Other creditors 3,746 7,250
4,113 11,543

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,154 11,214

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1