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Company registration number: 15166844
Atelier Lilu Limited
Information for filing with the registrar
30 September 2024
Atelier Lilu Limited
Contents
Abridged statement of financial position
Notes to the financial statements
Atelier Lilu Limited
Abridged statement of financial position
30 September 2024
30/09/24
Note £ £
Current assets
Stocks 9,924
Debtors 3,781
Cash at bank and in hand 1,783
_______
15,488
Creditors: amounts falling due
within one year ( 9,746)
_______
Net current assets 5,742
_______
Total assets less current liabilities 5,742
_______
Net assets 5,742
_______
Capital and reserves
Called up share capital 10
Profit and loss account 5,732
_______
Shareholders funds 5,742
_______
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current period ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
Mrs Valentyna Vasylieva
Director
Company registration number: 15166844
Atelier Lilu Limited
Notes to the financial statements
Period ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in the UK. The address of the registered office is Atelier Lili Limited, 65 - 69 Lots Road, Fairbank Studios 2, London Chelsea, England, SW10 0RN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Related party transactions
Mrs Valentyna Vasylieva has lent the company money to assist with working capital requirements. As at 30 September 2024 company owes £299 to the director.
6. Controlling party
The ultimate controlling party is Mrs Valentyna Vasylieva , who owns 100% of the issued share capital of the company.