Alcas Limited - Accounts to registrar (filleted) - small 23.1.5

Alcas Limited - Accounts to registrar (filleted) - small 23.1.5

ALCAS LIMITED - Company Information

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REGISTERED NUMBER: 03008171 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Alcas Limited
Alcas Limited (Registered number: 03008171)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alcas Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Wilkins





REGISTERED OFFICE: 1st Floor 44a Fore Street
Hertford
SG14 1AW





REGISTERED NUMBER: 03008171 (England and Wales)





Page 1
Alcas Limited (Registered number: 03008171)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,528 17,110

CURRENT ASSETS
Debtors 5 526,736 391,813
Cash at bank and in hand 369,721 446,124
896,457 837,937
CREDITORS
Amounts falling due within one year 6 238,019 197,456
NET CURRENT ASSETS 658,438 640,481
TOTAL ASSETS LESS CURRENT
LIABILITIES
669,966
657,591

CREDITORS
Amounts falling due after more than
one year
7
22,334
31,667
NET ASSETS 647,632 625,924

CAPITAL AND RESERVES
Called up share capital 8 505 505
Retained earnings 647,127 625,419
SHAREHOLDERS' FUNDS 647,632 625,924

The notes form part of these financial statements

Page 2 continued...
Alcas Limited (Registered number: 03008171)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 29 December 2023 and were signed by:





J Wilkins - Director


The notes form part of these financial statements

Page 3
Alcas Limited (Registered number: 03008171)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Alcas 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Computer equipment - 25% 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Page 4 continued...
Alcas Limited (Registered number: 03008171)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have formed a judgement at the time of signing the accounts that the going concern basis of accounting is appropriate because there are no material uncertainties that may cast significant doubt over the ability of the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 55,555
Additions 3,189
At 31 March 2023 58,744
DEPRECIATION
At 1 April 2022 38,445
Charge for year 8,771
At 31 March 2023 47,216
NET BOOK VALUE
At 31 March 2023 11,528
At 31 March 2022 17,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 382,529 297,959
Other debtors 107,363 90,363
Accrued income 29,755 -
Prepaid expenses 7,089 3,491
526,736 391,813

Page 5 continued...
Alcas Limited (Registered number: 03008171)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 143,625 110,444
Social security and other taxes 16,218 12,589
VAT 45,794 42,229
Other creditors 16,397 16,397
Pension contributions 2,235 2,047
Accrued expenses 3,750 3,750
238,019 197,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bounce back loan (long term) 22,334 31,667

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan (long term) 22,334 31,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
5,000 Ordinary 0.10 500 500
5 Ordinary class B 1 5 5
505 505

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Jonathan Wilkins and Lucille Wilkins by virtue of their joint controlling interest in the issued share capital of the company.

Page 6