Alfie Francis Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14237409 (England and Wales)

Unaudited Financial Statements

for the Period 15 July 2022 to 31 July 2023

for

Alfie Francis Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R R Nairns

REGISTERED OFFICE:

Unit 14/15 Hall Farm

Sywell Aerodrome

Sywell

Northamptonshire

NN6 0BN

REGISTERED NUMBER:

14237409 (England and Wales)

ACCOUNTANTS:

CDA Accountancy

Unit 14/15 Hall Farm

Sywell Aerodrome

Sywell

Northamptonshire

NN6 0BN

FIXED ASSETS

Intangible assets

4

153

Tangible assets

5

2,527

2,680

CURRENT ASSETS

Stocks

10,000

Debtors

1,687

Cash at bank

10,370

22,057

CREDITORS

Amounts falling due within one year

30,753

NET CURRENT LIABILITIES

(8,696

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,016

)

PROVISIONS FOR LIABILITIES

480

NET LIABILITIES

(6,496

)

CAPITAL AND RESERVES

Called up share capital

6

10

Retained earnings

(6,506

)

SHAREHOLDERS' FUNDS

(6,496

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 March 2024 and were signed by:

R R Nairns - Director

1.	STATUTORY INFORMATION

Alfie Francis 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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 period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 15 July 2022

and 31 July 2023

170

AMORTISATION

Amortisation for period

17

At 31 July 2023

17

NET BOOK VALUE

At 31 July 2023

153

At 14 July 2022

170

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

3,630

At 31 July 2023

3,630

DEPRECIATION

Charge for period

1,103

At 31 July 2023

1,103

NET BOOK VALUE

At 31 July 2023

2,527

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

10 Ordinary shares of £1 were issued during the period for cash of £ 10 .