Alicia J Limited
Alicia J Limited
Registered number: 12000650
Unaudited Financial Statements
For the Period
16 May 2019
to
31 October 2020
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2 The Colony Wilmslow
Altrincham Road
Wilmslow
SK9 4LY
Alicia J Limited
Unaudited Financial Statements
For the Period
16 May 2019
to
31 October 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—6 |
Alicia J Limited
Balance Sheet
As at
31 October 2020
Balance Sheet
Registered number:
12000650
For the period ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 October 2020 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
|
|
|
|
|||
| CURRENT ASSETS | |||
| Stocks | 4 |
|
|
| Debtors | 5 |
|
|
| Cash at bank and in hand |
|
||
|
|
|||
| Creditors: Amounts Falling Due Within One Year | 6 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
||
| Creditors: Amounts Falling Due After More Than One Year | 7 |
( |
|
| NET LIABILITIES |
( |
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 10 |
|
|
| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | (73,010) | ||
Page 1
Alicia J Limited
Balance Sheet (continued)
As at
31 October 2020
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
Director
|
|
|
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Alicia J Limited
Statement of Changes in Equity
For the Period
16 May 2019
to
31 October 2020
Statement of Changes in Equity
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Loss for the period and total comprehensive income | - |
( |
(73,110) |
| Arising on shares issued during the period |
|
- | 100 |
| As at
|
|
( |
(73,010) |
Page 3
Alicia J Limited
Notes to the Financial Statements
For the Period
16 May 2019
to
31 October 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors and shareholders of the company have agreed to support the business financially for up to £100,000 over the next 12 months.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
| Computer Equipment |
|
1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.6.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.7.
Taxation
Taxation for the year 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.
1.8.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3
Page 4
Alicia J Limited
Notes to the Financial Statements (continued)
For the Period
16 May 2019
to
31 October 2020
3.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
|
|
| Additions |
|
| As at
|
|
| Depreciation | |
| As at
|
|
| Provided during the period |
|
| As at
|
|
| Net Book Value | |
| As at
|
|
| As at
|
|
4.
Stocks
| 31 October 2020 | |
|---|---|
| £ | |
| Stock - materials and work in progress | 8,112 |
|
|
|
5.
Debtors
| 31 October 2020 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
|
| Other debtors | 71,002 |
|
|
|
6.
Creditors: Amounts Falling Due Within One Year
| 31 October 2020 | |
|---|---|
| £ | |
| Trade creditors |
|
| Bank loans and overdrafts |
|
| Other creditors | 99,026 |
| Taxation and social security | 1,187 |
|
|
|
Page 5
Alicia J Limited
Notes to the Financial Statements (continued)
For the Period
16 May 2019
to
31 October 2020
7.
Creditors: Amounts Falling Due After More Than One Year
| 31 October 2020 | |
|---|---|
| £ | |
| Bank loans |
|
|
|
|
8.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
9.
Provisions for Liabilities
| Deferred Tax | ||
|---|---|---|
| £ | ||
| Utilised |
( |
|
| Balance at
|
( |
|
11.
Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
12.
General Information
Alicia J Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12000650
. The registered office is Ascendis, Unit 3, Building 2, The Colony, Altrincham Road, Wilmslow, Cheshire, SK9 4LY.
Page 6