ALC Property Developers Limited Filleted accounts for Companies House (small and micro)
ALC Property Developers Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
4706411
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For the Year Ended |
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(formerly ALC International Limited) |
Financial Statements |
Year Ended 31st March 2020
Contents |
Page |
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements |
1 |
Statement of Financial Position |
2 |
Notes to the Financial Statements |
4 |
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(formerly ALC International Limited) |
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year Ended 31st March 2020
Middleborough House
16 Middleborough
Colchester
Essex
CO1 1QT
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(formerly ALC International Limited) |
Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed Assets
Tangible assets |
5 |
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– |
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Current Assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net Current (Liabilities)/Assets |
(
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Total Assets Less Current Liabilities |
(
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Net (Liabilities)/Assets |
(
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Capital and Reserves
Called up share capital |
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Profit and loss account |
(
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Shareholders (Deficit)/Funds |
(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
12 October 2020
, and are signed on behalf of the board by:
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Director |
Director |
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Director |
Director |
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Director |
Director |
Company registration number:
4706411
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(formerly ALC International Limited) |
Notes to the Financial Statements |
Year Ended 31st March 2020
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 311 Ipswich Road, Colchester, Essex, CO4 0HN.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Income Tax
Tangible Assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
4
(2019:
2
).
5.
Tangible Assets
Equipment |
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£ |
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Cost |
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At 1st April 2019 |
– |
Additions |
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At 31st March 2020 |
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Depreciation |
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At 1st April 2019 |
– |
Charge for the year |
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At 31st March 2020 |
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Carrying amount |
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At 31st March 2020 |
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At 31st March 2019 |
– |
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6.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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------- |
------- |
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------- |
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7.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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– |
Social security and other taxes |
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– |
Other creditors |
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