Nigel Atkinson Studio Limited - Abbreviated accounts

NIGEL ATKINSON STUDIO LTD - Company Information

Registered number

06544379

Nigel Atkinson Studio Limited

Abbreviated Accounts

31 March 2014

Nigel Atkinson Studio Limited
Registered number:		06544379
Abbreviated Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		4,938			4,200

Current assets
Stocks		3,900			5,450
Debtors		48			139
Cash at bank and in hand		18,755			37,318
		22,703			42,907

Creditors: amounts falling due within one year		(6,941)			(33,778)

Net current assets			15,762			9,129

Total assets less current liabilities			20,700			13,329


Provisions for liabilities			(1,000)			(850)


Net assets			19,700			12,479

Capital and reserves
Called up share capital	3		1,000			1,000
Profit and loss account			18,700			11,479

Shareholder's funds			19,700			12,479

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 Atkinson
Director
Approved by the board on 16 December 2014

Nigel Atkinson Studio Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2014

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 April 2008).

	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.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment and furniture			25% reducing balance


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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	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	Tangible fixed assets					£

	Cost
	At 1 April 2013					13,368
	Additions					2,525
	Disposals					(600)
	At 31 March 2014					15,293

	Depreciation
	At 1 April 2013					9,168
	Charge for the year					1,645
	On disposals					(458)
	At 31 March 2014					10,355

	Net book value
	At 31 March 2014					4,938
	At 31 March 2013					4,200


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,000		1,000


4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	N Atkinson
	Included within Debtors is a loan of £48 (2013 - £nil) to N Atkinson. The maximum amount outstanding during the year was £48 (2013 - £nil). The loan is unsecured, non interest-bearing and repayable on demand.	-		48		-		48

		-		48		-		48