Alverprise Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03271499 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

Alverprise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P M Ritchie

SECRETARY:

P M Ritchie

REGISTERED OFFICE:

47 Mountfield Way

Boulton Moor

Derby

Derbyshire

DE24 5AN

REGISTERED NUMBER:

03271499 (England and Wales)

ACCOUNTANTS:

Richard Croucher & Co Limited

Chartered Certified Accountants

Burrs Hill Staplehurst Raod

Marden

Tonbridge

Kent

TN12 9BS

FIXED ASSETS

Tangible assets

4

20,682

2,948

CURRENT ASSETS

Debtors

5

18,926

12,928

Cash at bank

41,383

61,372

60,309

74,300

CREDITORS

Amounts falling due within one year

6

14,820

15,359

NET CURRENT ASSETS

45,489

58,941

TOTAL ASSETS LESS CURRENT LIABILITIES

66,171

61,889

CREDITORS

Amounts falling due after more than one year

7

(12,777

)

(16,800

)

PROVISIONS FOR LIABILITIES

(3,930

)

(718

)

NET ASSETS

49,464

44,371

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,364

44,271

SHAREHOLDERS' FUNDS

49,464

44,371

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 March 2022 and were signed by:

P M Ritchie - Director

1.	STATUTORY INFORMATION

Alverprise 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.

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 etc

-

at varying rates on cost

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.

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 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2020

30,494

Additions

22,295

Disposals

(20,301

)

At 31 October 2021

32,488

DEPRECIATION

At 1 November 2020

27,546

Charge for year

4,560

Eliminated on disposal

(20,300

)

At 31 October 2021

11,806

NET BOOK VALUE

At 31 October 2021

20,682

At 31 October 2020

2,948

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

17,310

10,632

Other debtors

1,616

2,296

18,926

12,928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans and overdrafts

3,833

1,200

Taxation and social security

8,978

11,840

Other creditors

2,009

2,319

14,820

15,359

Included within other creditors are amounts owed to the directors of £750 (2020 - £1,487).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans

12,777

16,800

8.	RELATED PARTY DISCLOSURES

During the year the director had a loan account with the company, at the balance sheet date the company owed the director £750 (2020 £1,487).