REGISTERED NUMBER: 11997486 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Atelya Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M E Oran

REGISTERED OFFICE:

124 Cranbrook Road

Ilford

Essex

IG1 4LZ

REGISTERED NUMBER:

11997486 (England and Wales)

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

FIXED ASSETS

Tangible assets

4

1,127

1,375

CURRENT ASSETS

Stocks

1,500

8,250

Debtors

5

60,212

64,147

Cash at bank and in hand

14,213

27,639

75,925

100,036

CREDITORS

Amounts falling due within one year

6

72,921

93,431

NET CURRENT ASSETS

3,004

6,605

TOTAL ASSETS LESS CURRENT LIABILITIES

4,131

7,980

CREDITORS

Amounts falling due after more than one year

7

6,933

4,611

NET (LIABILITIES)/ASSETS

(2,802

)

3,369

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,902

)

3,269

(2,802

)

3,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2026 and were signed by:

M E Oran - Director

1.	STATUTORY INFORMATION

Atelya 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.

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.

Turnover

Turnover represents net income receivable from sale of goods and services in the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 18% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2024

and 31 May 2025

2,288

DEPRECIATION

At 1 June 2024

913

Charge for year

248

At 31 May 2025

1,161

NET BOOK VALUE

At 31 May 2025

1,127

At 31 May 2024

1,375

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

-

384

Other debtors

32,750

-

Directors' current accounts

27,462

44,163

Prepayments

-

19,600

60,212

64,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

1,275

23,554

Tax

30,398

17,286

Social security and other taxes

3,173

10,027

VAT

24,329

29,130

Other creditors

6,906

11,834

Accrued expenses

6,840

1,600

72,921

93,431

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Other creditors

6,933

4,611

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

M E Oran

Balance outstanding at start of year

44,163

-

Amounts advanced

66,427

72,886

Amounts repaid

(83,128

)

(28,723

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,462

44,163

The overdrawn director's loan account of £27,462 has been fully repaid after the year ended 31st

May 2025.