Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31The company's principal activity is that of providing advice and strategy planning for businesses.2023-06-01false23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10203086 2023-06-01 2024-05-31 10203086 2022-06-01 2023-05-31 10203086 2024-05-31 10203086 2023-05-31 10203086 2022-06-01 10203086 c:Director1 2023-06-01 2024-05-31 10203086 c:RegisteredOffice 2023-06-01 2024-05-31 10203086 d:ComputerEquipment 2023-06-01 2024-05-31 10203086 d:ComputerEquipment 2024-05-31 10203086 d:ComputerEquipment 2023-05-31 10203086 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10203086 d:CurrentFinancialInstruments 2024-05-31 10203086 d:CurrentFinancialInstruments 2023-05-31 10203086 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10203086 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10203086 d:ShareCapital 2024-05-31 10203086 d:ShareCapital 2023-05-31 10203086 d:ShareCapital 2022-06-01 10203086 d:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 10203086 d:RetainedEarningsAccumulatedLosses 2024-05-31 10203086 d:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 10203086 d:RetainedEarningsAccumulatedLosses 2023-05-31 10203086 d:RetainedEarningsAccumulatedLosses 2022-06-01 10203086 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-05-31 10203086 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 10203086 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10203086 c:OrdinaryShareClass1 2024-05-31 10203086 c:OrdinaryShareClass1 2023-05-31 10203086 c:FRS102 2023-06-01 2024-05-31 10203086 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10203086 c:FullAccounts 2023-06-01 2024-05-31 10203086 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10203086 d:WithinOneYear 2024-05-31 10203086 d:WithinOneYear 2023-05-31 10203086 d:BetweenOneFiveYears 2024-05-31 10203086 d:BetweenOneFiveYears 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10203086









SHIPPING ATELIER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
SHIPPING ATELIER LIMITED
 
 
COMPANY INFORMATION


Director
R Llavona Alvarez 




Registered number
10203086



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
SHIPPING ATELIER LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 9


 
SHIPPING ATELIER LIMITED
REGISTERED NUMBER: 10203086

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,008
1,934

  
1,008
1,934

Current assets
  

Debtors: amounts falling due within one year
 5 
59,316
225,048

Cash at bank and in hand
 6 
346,119
555,349

  
405,435
780,397

Creditors: amounts falling due within one year
 7 
(66,511)
(332,194)

Net current assets
  
 
 
338,924
 
 
448,203

Total assets less current liabilities
  
339,932
450,137

  

Net assets
  
339,932
450,137


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
339,931
450,136

  
339,932
450,137


Page 1

 
SHIPPING ATELIER LIMITED
REGISTERED NUMBER: 10203086
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Llavona Alvarez
Director

Date: 22 January 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
SHIPPING ATELIER LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 June 2022
1
428,194
428,195



Profit for the year
-
105,930
105,930

Dividends: Equity capital
-
(83,988)
(83,988)



At 1 June 2023
1
450,136
450,137



Profit for the year
-
129,797
129,797

Dividends: Equity capital
-
(240,002)
(240,002)


At 31 May 2024
1
339,931
339,932


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
SHIPPING ATELIER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Shipping Atelier Limited is a private company, limited by shares, incorporated in England and Wales with registration number of 10203086. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

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 or at least twelve months from the date of signing of the financial statements of the company. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 4

 
SHIPPING ATELIER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
SHIPPING ATELIER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 6

 
SHIPPING ATELIER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 June 2023
4,627



At 31 May 2024

4,627



Depreciation


At 1 June 2023
2,693


Charge for the year on owned assets
926



At 31 May 2024

3,619



Net book value



At 31 May 2024
1,008



At 31 May 2023
1,934

Page 7

 
SHIPPING ATELIER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
50,501
25,000

Other debtors
7,100
196,313

Prepayments and accrued income
1,715
3,735

59,316
225,048



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
346,119
555,349



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
42,128
30,216

Other taxation and social security
-
1,200

Other creditors
11,333
276,726

Accruals and deferred income
13,050
24,052

66,511
332,194



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
346,119
555,349




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
SHIPPING ATELIER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary Shares share of £1
1
1



10.


Commitments under operating leases

At 31 May 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
20,580
19,408

Later than 1 year and not later than 5 years
48,020
64,693

68,600
84,101


11.


Related party transactions

Included within other creditors (note 7) is an amount of £11,333 (2022 - debit balance of £188,941) owed to the director of the company. This amount is unsecured, interest free and repayable on demand.

 
Page 9