Alfa Chemists Limited - Accounts to registrar (filleted) - small 18.2
Alfa Chemists Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2021 |
for |
Alfa Chemists Limited |
Alfa Chemists Limited (Registered number: 04075132) |
Contents of the Financial Statements |
for the Year Ended 31 October 2021 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Alfa Chemists Limited |
Company Information |
for the Year Ended 31 October 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Pera Business Park |
Nottingham Road |
Melton Mowbray |
Leicestershire |
LE13 0PB |
Alfa Chemists Limited (Registered number: 04075132) |
Abridged Balance Sheet |
31 October 2021 |
31.10.21 | 31.10.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Investments |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
Alfa Chemists Limited (Registered number: 04075132) |
Abridged Balance Sheet - continued |
31 October 2021 |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Alfa Chemists Limited (Registered number: 04075132) |
Notes to the Financial Statements |
for the Year Ended 31 October 2021 |
1. | STATUTORY INFORMATION |
Alfa Chemists Limited is a |
2. | ACCOUNTING POLICIES |
Compliance with accounting standards |
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS102') and the Companies Act 2006. |
Significant judgements and estimates |
No significant judgements have had to be made by the directors in preparing these financial statements. |
Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
Prescription income is received two months in arrears but appropriate accounting adjustments are made to account for it on an accruals basis. Retail sales are recognised on the basis of daily takings. |
Goodwill |
Acquired goodwill is written off in equal annual instalments over its useful economic life which the directors believe is 20 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. |
Cryptocurrencies held by the company are considered as having an indefinite life and as such are not amortised but tested annually for impairment. |
Tangible fixed assets |
Plant and machinery etc | - |
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 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. |
Alfa Chemists Limited (Registered number: 04075132) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
2. | ACCOUNTING POLICIES - continued |
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 year 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2020 |
Additions |
At 31 October 2021 |
AMORTISATION |
At 1 November 2020 |
Amortisation for year |
At 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
Alfa Chemists Limited (Registered number: 04075132) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 |
DEPRECIATION |
At 1 November 2020 |
Charge for year |
At 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 | 51 |
NET BOOK VALUE |
At 31 October 2021 | 51 |
At 31 October 2020 | 51 |
Investments (neither listed nor unlisted) were as follows: |
31.10.21 | 31.10.20 |
£ | £ |
Other investments | 17,000 | - |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.10.21 | 31.10.20 |
£ | £ |
Repayable by instalments |
Finance leases | - | 3,411 |
Alfa Chemists Limited (Registered number: 04075132) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Finance leases |
31.10.21 | 31.10.20 |
£ | £ |
Gross obligations repayable: |
Within one year |
Between one and five years |
In more than five years |
Finance charges repayable: |
Within one year |
Between one and five years |
In more than five years |
Net obligations repayable: |
Within one year |
Between one and five years |
In more than five years |
Non-cancellable | operating leases |
31.10.21 | 31.10.20 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
9. | SECURED DEBTS |
The bank loans and overdrafts are secured by a fixed charge over certain property, assets and undertakings of the company. |
Alfa Chemists Limited (Registered number: 04075132) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 October 2021 and 31 October 2020: |
31.10.21 | 31.10.20 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
11. | RELATED PARTY DISCLOSURES |
Bonham Real Estate Ltd (a company in which Mr T Mohamedali and Mrs A Sammiwala are directors and shareholders) - during the year the company was owed £195,295 (2020: £95,187) by Bonham Real Estate Ltd. |
Global Forex & Commodities Ltd (a company in which Mr T Mohamedali and Mrs A Sammiwala are directors and shareholders) - during the year the company was owed £256,979 (2020: £256,979) by Global Forex & Commodities Ltd. |
TAMS Properties Ltd (a company in which Mr T Mohamedali is a director and shareholder) - during the year the company was owed £71,786 (2020: £124,327) by TAMS Properties Ltd. |
Alif Holdings Ltd (a company in which Mrs A Sammiwala is a director and shareholder) - during the year the company owed £30,000 to Alif Holdings Ltd. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate parent undertaking is Alfa ACL Limited which is a company registered in England and Wales and holds 100% of the issued share capital of Alfa Chemists Limited. |