Company Registration No. 08131001 (England and Wales)
ATELIER CONSULTING LIMITED
Unaudited abbreviated financial statements
For the year ended 31 July 2016
ATELIER CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ATELIER CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
As at 31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
296
394
Current assets
Debtors
38,725
40,820
Cash at bank and in hand
144
698
38,869
41,518
Creditors: amounts falling due within one year
(37,826)
(41,651)
Net current assets/(liabilities)
1,043
(133)
Total assets less current liabilities
1,339
261
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
1,329
251
Shareholders' funds
1,339
261
For the financial year ended 31 July 2016 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 year 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 November 2016
L Costello
S Costello
Director
Director
Company Registration No. 08131001
ATELIER CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
For the year ended 31 July 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance per annum
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015 & at 31 July 2016
960
Depreciation
At 1 August 2015
566
Charge for the year
98
At 31 July 2016
664
Net book value
At 31 July 2016
296
At 31 July 2015
394
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10
ATELIER CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
For the year ended 31 July 2016
- 3 -
4
Related party relationships and transactions
At the start of the year L Costello and S Costello owed the company £12,688. During the year the company advanced L Costello and S Costello £2,179. At the end of the year L Costello and S Costello owed the company £14,867. L Costello and S Costello are the directors and shareholders of the company. All advances are unsecured, interest free and there is no fixed repayment date.