Atlas Masterworks Limited - Abbreviated accounts

ATLAS MASTERWORKS LTD - Company Information

Registered number

09157247

Atlas Masterworks Limited

Abbreviated Accounts

31 July 2015

Atlas Masterworks Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Atlas Masterworks Limited for the year ended 31 July 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Atlas Masterworks Limited for the year ended 31 July 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Atlas Masterworks Limited, as a body, in accordance with the terms of our engagement letter dated 0 January 1900. Our work has been undertaken solely to prepare for your approval the accounts of Atlas Masterworks Limited and state those matters that we have agreed to state to the Board of Directors of Atlas Masterworks Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Atlas Masterworks Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Atlas Masterworks Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Atlas Masterworks Limited. You consider that Atlas Masterworks Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Atlas Masterworks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.

Ryefield Limited
Chartered Certified Accountants
Progress House
404 Brighton Road
South Croydon
Surrey
CR2 6AN

4 February 2016

Atlas Masterworks Limited
Registered number:		09157247
Abbreviated Balance Sheet
as at 31 July 2015

Notes			2015
£
Current assets
Stocks		131,265
Cash at bank and in hand		32,139
		163,404

Creditors: amounts falling due within one year		(3,436)

Net current assets			159,968

Total assets less current liabilities			159,968

Creditors: amounts falling due after more than one year			(150,000)



Net assets			9,968

Capital and reserves
Called up share capital	2		4
Profit and loss account			9,964

Shareholders' funds			9,968

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



N J Michaelides
Director
Approved by the board on 4 February 2016

Atlas Masterworks Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Share capital	Nominal		2015		2015
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2
	A Shares	£1 each		1		1
	B shares	£1 each		1		1
						4

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		2		2
	B shares	£1 each		1		1
						3