Company Registration No. 10030547 (England and Wales)
Atmiya Retail Limited
Unaudited accounts
for the year ended 28 February 2019
Atmiya Retail Limited
Unaudited accounts
Contents
Atmiya Retail Limited
Company Information
for the year ended 28 February 2019
Company Number
10030547 (England and Wales)
Registered Office
155 Oxhey Drive
Watford
WD19 7HT
Accountants
Diamond Accounts Limited
Suite F16 St George's Business Park
Castle Road
Sittingbourne
Kent
ME10 3TB
Atmiya Retail Limited
Statement of financial position
as at
28 February 2019
Intangible assets
271
271
Inventories
25,960
22,450
Cash at bank and in hand
7,087
6,416
Creditors: amounts falling due within one year
(25,410)
(23,108)
Net current assets
10,011
7,728
Called up share capital
1
1
Profit and loss account
10,847
8,753
Shareholders' funds
10,848
8,754
For the year ending 28 February 2019 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 July 2019.
Ixitkumar Patel
Director
Company Registration No. 10030547
Atmiya Retail Limited
Notes to the Accounts
for the year ended 28 February 2019
Atmiya Retail Limited is a private company, limited by shares, registered in England and Wales, registration number 10030547. The registered office is 155 Oxhey Drive, Watford, WD19 7HT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Atmiya Retail Limited
Notes to the Accounts
for the year ended 28 February 2019
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 28 February 2019
1,099
Finished goods
25,960
22,450
Other debtors
2,374
1,970
Atmiya Retail Limited
Notes to the Accounts
for the year ended 28 February 2019
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
2,416
2,341
Taxes and social security
1,330
1,762
Loans from directors
21,374
16,980
9
Average number of employees
During the year the average number of employees was 6 (2018: 7).