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REGISTERED NUMBER: 03667415 (England and Wales)


















ATTIC 2 (WALES) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






ATTIC 2 (WALES) LTD (REGISTERED NUMBER: 03667415)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ATTIC 2 (WALES) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A J Gidden
F Campbell





SECRETARY: J R Gidden





REGISTERED OFFICE: Tithe Barn
Bowdens Lane
Magor
Monmouthshire
NP26 3AL





REGISTERED NUMBER: 03667415 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

ATTIC 2 (WALES) LTD (REGISTERED NUMBER: 03667415)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,523 3,710

CURRENT ASSETS
Debtors 5 11,700 9,945
Cash at bank 61,153 77,444
72,853 87,389
CREDITORS
Amounts falling due within one year 6 (6,453 ) (10,236 )
NET CURRENT ASSETS 66,400 77,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,923

80,863

PROVISIONS FOR LIABILITIES (479 ) (606 )
NET ASSETS 68,444 80,257

CAPITAL AND RESERVES
Called up share capital 7 30,000 30,000
Retained earnings 38,444 50,257
SHAREHOLDERS' FUNDS 68,444 80,257

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





A J Gidden - Director


ATTIC 2 (WALES) LTD (REGISTERED NUMBER: 03667415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Attic 2 (Wales) 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts billed and billable in respect of design and consultancy services provided during the year. Turnover also includes design royalties and commissions receivable during the year. Turnover is exclusive of trade discounts and value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment - 25% Straight line

Current taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

Fees to be billed
Services provided to clients, which at the balance sheet date have not been billed, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at that date as a proportion of the total value of the engagement.

ATTIC 2 (WALES) LTD (REGISTERED NUMBER: 03667415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures
& fittings
£   
COST
At 1 May 2023
and 30 April 2024 25,417
DEPRECIATION
At 1 May 2023 21,707
Charge for year 1,187
At 30 April 2024 22,894
NET BOOK VALUE
At 30 April 2024 2,523
At 30 April 2023 3,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,628 6,567
Corporation tax 682 -
Prepayments and accrued income 4,390 3,378
11,700 9,945

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 4,213
VAT 1,879 2,298
Directors' current accounts 3,567 2,775
Accrued expenses 1,007 950
6,453 10,236

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary Shares £1 30,000 30,000

8. OTHER FINANCIAL COMMITMENTS

The company had total commitments in respect of operating leases at the balance sheet date of £7,578 (2023 - £16,420).