The Maker's Atelier Limited - Abbreviated accounts 16.1

The Maker's Atelier Limited - Abbreviated accounts 16.1

THE MAKER'S ATELIER LIMITED - Company Information

Print Friendly Version

08822142 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088221422014-12-31088221422015-12-31088221422015-01-012015-12-31088221422013-12-19088221422013-12-202014-12-31088221422014-12-3108822142ns14:PoundSterling2015-01-012015-12-3108822142ns7:Director12015-01-012015-12-3108822142ns7:OrdinaryShareClass12015-01-012015-12-3108822142ns7:RegisteredOffice2015-01-012015-12-3108822142ns7:EntityAccountantsOrAuditors2015-01-012015-12-3108822142ns5:DevelopmentCosts2015-01-012015-12-3108822142ns5:OtherIntangibleFixedAssets2015-01-012015-12-3108822142ns5:ImprovementsOrDevelopmentAssets2015-01-012015-12-3108822142ns5:PlantMachinery2015-01-012015-12-3108822142ns5:ComputerEquipment2015-01-012015-12-3108822142ns7:OrdinaryShareClass12015-12-3108822142ns7:OrdinaryShareClass12014-12-31
REGISTERED NUMBER: 08822142









ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

THE MAKER'S ATELIER LIMITED

THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

THE MAKER'S ATELIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTOR: F Tobin





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 08822142





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY
-1-
THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 9,823 6,457
Tangible assets 3 1,866 1,773
11,689 8,230

CURRENT ASSETS
Stocks 11,433 5,530
Debtors 1,527 -
Cash at bank and in hand 2,416 1,195
15,376 6,725
CREDITORS
Amounts falling due within one year 52,473 37,918
NET CURRENT LIABILITIES (37,097 ) (31,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(25,408
)
(22,963
)

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account (25,409 ) (22,964 )
SHAREHOLDERS' FUNDS (25,408 ) (22,963 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 11 May 2016 and were signed by:





F Tobin - Director


The notes form part of these abbreviated accounts

-2-
THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis as the director has indicated their
willingness to support the activities of the company for the foreseeable future.

Accounting convention
The financial statements 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 invoiced value of goods and services supplied by the company, net of Value Added Tax
and trade discounts.

Pattern design costs
Pattern design expenditure is capitalised when the director is satisfied as to the technical, commercial and
financial viability of each design. These assets are amortised to the profit and loss account over their estimated
useful economic life of 3 years.

Website development costs
Intangible assets include website development. This is amortised to the profit and loss account over its estimated
useful economic life of 3 years.

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

Improvements to property - 33% on cost
Plant and machinery - 33% on cost
Computer equipment - 33% on cost

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 7,734
Additions 6,880
At 31 December 2015 14,614
AMORTISATION
At 1 January 2015 1,277
Amortisation for year 3,514
At 31 December 2015 4,791
NET BOOK VALUE

At 31 December 2015 9,823
At 31 December 2014 6,457

-3-
THE MAKER'S ATELIER LIMITED (REGISTERED NUMBER: 08822142)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 2,070
Additions 849
At 31 December 2015 2,919
DEPRECIATION
At 1 January 2015 297
Charge for year 756
At 31 December 2015 1,053
NET BOOK VALUE
At 31 December 2015 1,866
At 31 December 2014 1,773

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: as restated
£    £   
100 Ordinary £0.01 1 1

-4-