Atelier ADA Ltd 07866557 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is home staging and interiors. Digita Accounts Production Advanced 6.30.9574.0 true true 07866557 2022-12-01 2023-11-30 07866557 2023-11-30 07866557 bus:OrdinaryShareClass1 2023-11-30 07866557 core:CurrentFinancialInstruments 2023-11-30 07866557 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07866557 core:Non-currentFinancialInstruments 2023-11-30 07866557 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 07866557 core:FurnitureFittings 2023-11-30 07866557 core:OfficeEquipment 2023-11-30 07866557 bus:SmallEntities 2022-12-01 2023-11-30 07866557 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07866557 bus:FilletedAccounts 2022-12-01 2023-11-30 07866557 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07866557 bus:RegisteredOffice 2022-12-01 2023-11-30 07866557 bus:Director1 2022-12-01 2023-11-30 07866557 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 07866557 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07866557 core:FurnitureFittings 2022-12-01 2023-11-30 07866557 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 07866557 core:OfficeEquipment 2022-12-01 2023-11-30 07866557 countries:England 2022-12-01 2023-11-30 07866557 2022-11-30 07866557 core:FurnitureFittings 2022-11-30 07866557 core:OfficeEquipment 2022-11-30 07866557 2021-12-01 2022-11-30 07866557 2022-11-30 07866557 bus:OrdinaryShareClass1 2022-11-30 07866557 core:CurrentFinancialInstruments 2022-11-30 07866557 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 07866557 core:Non-currentFinancialInstruments 2022-11-30 07866557 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 07866557 core:FurnitureFittings 2022-11-30 07866557 core:OfficeEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07866557

Atelier ADA Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Atelier ADA Ltd

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

Atelier ADA Ltd

(Registration number: 07866557)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

127,253

117,223

Current assets

 

Debtors

5

68,617

41,472

Cash at bank and in hand

 

9,021

75,340

 

77,638

116,812

Creditors: Amounts falling due within one year

6

(44,095)

(70,172)

Net current assets

 

33,543

46,640

Total assets less current liabilities

 

160,796

163,863

Creditors: Amounts falling due after more than one year

6

(11,203)

(22,481)

Net assets

 

149,593

141,382

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

149,493

141,282

Shareholders' funds

 

149,593

141,382

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2024
 

 

Atelier ADA Ltd

(Registration number: 07866557)
Balance Sheet as at 30 November 2023

.........................................
Mrs Anna El-Daccache
Director

 

Atelier ADA Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3rd Floor
166 College Road
Harrow
Middlesex
HA1 1BH
United Kingdom

These financial statements were authorised for issue by the director on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Atelier ADA Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings & equipment

25% straight line

Rental furniture

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Atelier ADA Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 3).

 

Atelier ADA Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

273,861

490

274,351

Additions

54,656

2,308

56,964

At 30 November 2023

328,517

2,798

331,315

Depreciation

At 1 December 2022

156,713

415

157,128

Charge for the year

45,919

1,015

46,934

At 30 November 2023

202,632

1,430

204,062

Carrying amount

At 30 November 2023

125,885

1,368

127,253

At 30 November 2022

117,148

75

117,223

5

debtors

Current

2023
£

2022
£

Other debtors

68,617

41,472

 

68,617

41,472

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

5,639

-

Taxation and social security

 

25,012

30,539

Accruals and deferred income

 

4,900

4,210

Other creditors

 

8,544

35,423

 

44,095

70,172

Creditors: amounts falling due after more than one year

 

Atelier ADA Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

11,203

22,481

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Other borrowings

11,203

22,481

Current loans and borrowings

2023
£

2022
£

Other borrowings

5,639

-

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Related party transactions

During the year, the company made the following related party transactions:

Director
At the balance sheet date, the amount due from the Director was £59,925 (2022: £41,472). Interest were charged at 2.25%. These loans were unsecured and repayable on demand.

Company under Common Control
At the balance sheet date, the amount due to the company under common control was £Nil (2022: £24,329). These loans were unsecured, interest free and repayable on demand.