| Edinburgh Atelier of Fine Art Ltd |
| Registered Number:SC400997 |
For the year ended 31 March 2018
Scotland
Unaudited Financial Statements
For the year ended 31 March 2018
Edinburgh Atelier of Fine Art Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Edinburgh Atelier of Fine Art Ltd
Statement of Financial Position
2017
2018
| Property, plant and equipment |
4,423
2,688
2
4,423
2,688
41,169
| Cash and cash equivalents |
74,667
74,667
41,169
| Trade and other payables: amounts falling due within one |
| year |
(11,012)
(16,857)
3
30,157
57,810
Net current assets
| Total assets less current liabilities |
62,233
32,845
62,233
Net assets
32,845
1
1
62,232
32,844
62,233
32,845
Shareholders' funds
| For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Ewan McNaughton Director |
| These financial statements were approved and authorised for issue by the Board on 04 December 2018 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2018
Edinburgh Atelier of Fine Art Ltd
Notes to the Financial Statements
Statutory Information
| Edinburgh Atelier of Fine Art Ltd is a private limited company, limited by shares, domiciled in Scotland, registration |
| number SC400997. |
| Principal place of business: |
Kimberley Hay Street
Couper Angus
Blairgowrie
Perthshire
PH13 9BE
1 Inverleith Gardens
Edinburgh
EH3 5PU
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
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For the year ended 31 March 2018
Edinburgh Atelier of Fine Art Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
3,834
1,373
2,461
2,847
-
2,847
5,308
1,373
6,681
| Provision for depreciation and impairment |
1,146
472
674
Charge for year
1,112
180
932
2,258
652
1,606
3,702
721
4,423
1,787
901
2,688
| 3. Trade and other payables: amounts falling due within one year |
2017
2018
| Taxation and social security |
7,159
3,048
9,698
7,964
16,857
11,012
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