Atelier Hair Couture Limited


Directors	Mark Daniel Baker
	Haley Millican


Company Secretary	Mark Daniel Baker


Registered Address	4 Mason Court Gillan Way
	Penrith 40 Business Park
	Penrith
	CA11 9GR


Place of Business	42 Warwick Road
	Carlisle
	CA1 1DN


Registered Number	06094245 (England and Wales)

Statement of Financial Position
30 April 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		13,500		16,200
Tangible assets	5		719		647
			14,219		16,847
Current assets
Stocks	7	350		320
Debtors	8	16,636		12,285
Cash at bank and on hand		2,425		12,599
		19,411		25,204
Creditors amounts falling due within one year	9	(30,025)		(32,073)
Net current assets (liabilities)			(10,614)		(6,869)
Total assets less current liabilities			3,605		9,978
Net assets			3,605		9,978
Capital and reserves
Called up share capital			2		2
Profit and loss account			3,603		9,976
Shareholders' funds			3,605		9,978

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2025, and are signed on its behalf by:

Haley Millican
Director

Mark Daniel Baker
Director

Registered Company No. 06094245

Atelier Hair Couture Limited

Notes to the Financial Statements
for the year ended 30 April 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

	Turnover policy
	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. 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 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.

Turnover policy

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.

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 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	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.

	Intangible assets
	Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 May 23	27,000	27,000
At 30 April 24	27,000	27,000
Amortisation and impairment
At 01 May 23	10,800	10,800
Charge for year	2,700	2,700
At 30 April 24	13,500	13,500
Net book value
At 30 April 24	13,500	13,500
At 30 April 23	16,200	16,200

4.	Useful life of intangible assets
	Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Goodwill - 10% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

5.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 May 23	5,454	5,454
Additions	191	191
At 30 April 24	5,645	5,645
Depreciation and impairment
At 01 May 23	4,807	4,807
Charge for year	119	119
At 30 April 24	4,926	4,926
Net book value
At 30 April 24	719	719
At 30 April 23	647	647

6.	Impairment of tangible fixed assets
	A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

7.	Stocks

	2024	2023
	£	£
Other stocks	350	320
Total	350	320

8.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	16,636	12,285
Total	16,636	12,285

9.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	8,232	2,700
Taxation and social security	6,810	10,835
Other creditors	12,981	14,643
Accrued liabilities and deferred income	2,002	3,895
Total	30,025	32,073


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Directors advances, credits and guarantees
	Included within other debtors falling due within one year is £16,636 (2023 - £12,285) being the amount owed by the director. The net amount advanced during the financial year was £4,351. This amount was repaid in the following financial year. The loans were charged the beneficial loan interest were applicable and was repayable on demand.