Alchemy Expo Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04049833 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2019 TO 30 SEPTEMBER 2020

FOR

ALCHEMY EXPO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A N Butcher

REGISTERED OFFICE:

Unit G1

South Point Ind Estate

Foreshore Road

Cardiff Bay

Cardiff

CF10 4SP

REGISTERED NUMBER:

04049833 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

1st Floor..

Nathaniel House

David Street

Bridgend

South Wales

CF31 3SA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

174,667

261,184

174,667

261,184

CURRENT ASSETS

Stocks

89,883

29,750

Debtors

6

230,681

360,826

Investments

7

188,950

130,950

Cash at bank and in hand

413,270

288,817

922,784

810,343

CREDITORS

Amounts falling due within one year

8

348,114

615,011

NET CURRENT ASSETS

574,670

195,332

TOTAL ASSETS LESS CURRENT LIABILITIES

749,337

456,516

CREDITORS

Amounts falling due after more than one year

9

(249,348

)

(7,600

)

PROVISIONS FOR LIABILITIES

(25,078

)

(40,731

)

NET ASSETS

474,911

408,185

CAPITAL AND RESERVES

Called up share capital

17,602

17,602

Share premium

400

400

Retained earnings

456,909

390,183

SHAREHOLDERS' FUNDS

474,911

408,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2021 and were signed by:

A N Butcher - Director

1.	STATUTORY INFORMATION

Alchemy Expo Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000 has been amortised

evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Stocks

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

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

For defined contribution schemes the amount charged to the profit and loss account in respect of pension costs

and other post- retirement benefits is the contributions payable in the year. Differences between contributions

payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance

sheet.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and

loss account over the expected useful lives of the assets concerned. Other grants are credited to the profit and

loss account as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2019 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 30 September 2020

5,600

AMORTISATION

At 1 April 2019

and 30 September 2020

5,600

NET BOOK VALUE

At 30 September 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

741,457

Additions

4,095

At 30 September 2020

745,552

DEPRECIATION

At 1 April 2019

480,273

Charge for period

90,612

At 30 September 2020

570,885

NET BOOK VALUE

At 30 September 2020

174,667

At 31 March 2019

261,184

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2019

12,727

Transfer to ownership

(12,727

)

At 30 September 2020

-

DEPRECIATION

At 1 April 2019

7,102

Transfer to ownership

(7,102

)

At 30 September 2020

-

NET BOOK VALUE

At 30 September 2020

-

At 31 March 2019

5,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/20

31/3/19

£

£

Trade debtors

6,667

177,479

Other debtors

224,014

183,347

230,681

360,826

7.	CURRENT ASSET INVESTMENTS

30/9/20

31/3/19

£

£

Other investments

188,950

130,950

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/20

31/3/19

£

£

Bank loans and overdrafts

11,903

1

Trade creditors

9,662

90,586

Taxation and social security

76,470

72,925

Other creditors

250,079

451,499

348,114

615,011

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/20

31/3/19

£

£

Bank loans

238,098

-

Other creditors

11,250

7,600

249,348

7,600

10.	SECURED DEBTS

The following secured debts are included within creditors:

30/9/20

31/3/19

£

£

Bank loans

250,000

-

11.	ADVANCED PAYMENT NOTICE

Within other debtors is the sum of £146,841 paid to HMRC under the Advanced Payment Notice regime

introduced by government legislation on 17th July 2014 which was paid prior to the necessity for HMRC to

determine whether any actual liability exists. In the opinion of the directors, based upon Counsel's opinion, no

such liability currently exists and that the whole of the sum paid plus interest thereon will eventually be repaid to

the Company.

12.	GOVERNMENT GRANTS

During the period to 30th September 2020, the company received grant income in relation to the Job Retention

Scheme totalling £129,672.