Alibulk Systems Limited - Accounts to registrar (filleted) - small 18.2

Alibulk Systems Limited - Accounts to registrar (filleted) - small 18.2

ALIBULK SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 11716523 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ALIBULK SYSTEMS LIMITED
ALIBULK SYSTEMS LIMITED (REGISTERED NUMBER: 11716523)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021










Page

Balance Sheet 1

Notes to the Financial Statements 3


ALIBULK SYSTEMS LIMITED (REGISTERED NUMBER: 11716523)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 420,000 480,000
Tangible assets 5 17,100 17,326
437,100 497,326

CURRENT ASSETS
Stocks 193,035 93,530
Debtors 6 153,555 50,742
Cash at bank and in hand 1,259,953 1,148,387
1,606,543 1,292,659
CREDITORS
Amounts falling due within one year 7 956,489 953,631
NET CURRENT ASSETS 650,054 339,028
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,087,154
836,354

PROVISIONS FOR LIABILITIES 3,249 3,292
NET ASSETS 1,083,905 833,062

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,083,805 832,962
1,083,905 833,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

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ALIBULK SYSTEMS LIMITED (REGISTERED NUMBER: 11716523)

BALANCE SHEET - continued
31 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2022 and were signed on its behalf by:





Mr P H Broomfield - Director


The notes form part of these financial statements

Page 2
ALIBULK SYSTEMS LIMITED (REGISTERED NUMBER: 11716523)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021


1. STATUTORY INFORMATION

Alibulk Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11716523

Registered office: Alibulk Systems Ltd
Boleness Road
Wisbech
Cambridgeshire
PE13 2RB

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 2019, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 10 (2020 - 12 ) .

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ALIBULK SYSTEMS LIMITED (REGISTERED NUMBER: 11716523)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 600,000
AMORTISATION
At 1 January 2021 120,000
Amortisation for year 60,000
At 31 December 2021 180,000
NET BOOK VALUE
At 31 December 2021 420,000
At 31 December 2020 480,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2021 29,937 608 30,545
Additions 4,000 1,381 5,381
At 31 December 2021 33,937 1,989 35,926
DEPRECIATION
At 1 January 2021 13,097 122 13,219
Charge for year 5,210 397 5,607
At 31 December 2021 18,307 519 18,826
NET BOOK VALUE
At 31 December 2021 15,630 1,470 17,100
At 31 December 2020 16,840 486 17,326

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 153,555 50,742

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 130,064 45,344
Taxation and social security 154,833 225,426
Other creditors 671,592 682,861
956,489 953,631

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