Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11953781 Miss Eva Menz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11953781 2023-08-31 11953781 2024-08-31 11953781 2023-09-01 2024-08-31 11953781 frs-core:CurrentFinancialInstruments 2024-08-31 11953781 frs-core:Non-currentFinancialInstruments 2024-08-31 11953781 frs-core:BetweenOneFiveYears 2024-08-31 11953781 frs-core:ComputerEquipment 2024-08-31 11953781 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11953781 frs-core:ComputerEquipment 2023-08-31 11953781 frs-core:FurnitureFittings 2024-08-31 11953781 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11953781 frs-core:FurnitureFittings 2023-08-31 11953781 frs-core:PlantMachinery 2024-08-31 11953781 frs-core:PlantMachinery 2023-09-01 2024-08-31 11953781 frs-core:PlantMachinery 2023-08-31 11953781 frs-core:WithinOneYear 2024-08-31 11953781 frs-core:ShareCapital 2024-08-31 11953781 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11953781 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11953781 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11953781 frs-bus:SmallEntities 2023-09-01 2024-08-31 11953781 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11953781 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11953781 frs-bus:Director1 2023-09-01 2024-08-31 11953781 frs-bus:Director1 2023-08-31 11953781 frs-bus:Director1 2024-08-31 11953781 frs-countries:EnglandWales 2023-09-01 2024-08-31 11953781 2022-08-31 11953781 2023-08-31 11953781 2022-09-01 2023-08-31 11953781 frs-core:CurrentFinancialInstruments 2023-08-31 11953781 frs-core:Non-currentFinancialInstruments 2023-08-31 11953781 frs-core:BetweenOneFiveYears 2023-08-31 11953781 frs-core:WithinOneYear 2023-08-31 11953781 frs-core:ShareCapital 2023-08-31 11953781 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11953781
Atelier001 Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
EOACC Ltd
Collingham House
10-12 Gladstone Road
London
SW19 1QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11953781
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,607 22,871
19,607 22,871
CURRENT ASSETS
Stocks 5 99,017 25,923
Debtors 6 202,537 211,286
Cash at bank and in hand 63,450 106,062
365,004 343,271
Creditors: Amounts Falling Due Within One Year 7 (231,905 ) (299,034 )
NET CURRENT ASSETS (LIABILITIES) 133,099 44,237
TOTAL ASSETS LESS CURRENT LIABILITIES 152,706 67,108
Creditors: Amounts Falling Due After More Than One Year 8 (34,314 ) (39,273 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,902 ) (5,718 )
NET ASSETS 113,490 22,117
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 113,489 22,116
SHAREHOLDERS' FUNDS 113,490 22,117
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Eva Menz
Director
16/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Atelier001 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11953781 . The registered office is Unit 102 Buspace Studios, Conlan Street, London, W10 5AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight Line
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 7)
9 7
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 12,932 2,673 13,533 29,138
Additions - 585 3,223 3,808
Disposals - (750 ) (588 ) (1,338 )
As at 31 August 2024 12,932 2,508 16,168 31,608
Depreciation
As at 1 September 2023 1,424 479 4,364 6,267
Provided during the period 2,294 371 3,069 5,734
As at 31 August 2024 3,718 850 7,433 12,001
Net Book Value
As at 31 August 2024 9,214 1,658 8,735 19,607
As at 1 September 2023 11,508 2,194 9,169 22,871
5. Stocks
2024 2023
£ £
Stock 99,017 25,923
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,777 -
Prepayments and accrued income 97,249 134,407
Other debtors 84,293 7,560
VAT 5,218 22,130
Director's loan account - 47,189
202,537 211,286
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,005 53,323
Bank loans and overdrafts 107,377 5,516
Corporation tax 36,457 38,160
Other taxes and social security 17,306 11,070
Net wages 510 -
Other creditors 31,307 46,681
Accruals and deferred income 15,943 124,955
Amounts owed to related parties - 19,329
231,905 299,034
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,314 39,273
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 13,382 27,700
Later than one year and not later than five years 25,332 -
38,714 27,700
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Miss Eva Menz 47,189 190,610 237,799 - -
Loans to directors are repayable on demand, and subject to interest at the prescribed HMRC beneficial loan interest rates.
Dividends paid to directors
2024 2023
£ £
Miss Eva Menz 12,841 72,000
Page 5