Alchemy Expo Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04049833 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ALCHEMY EXPO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A N Butcher

REGISTERED OFFICE:

Unit G1

South Point Ind Estate

Foreshore Road

Cardiff Bay

Cardiff

CF10 4SP

REGISTERED NUMBER:

04049833 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

Unit 10

Bridgend Business Park

Bennett Street

Bridgend

Glamorgan

CF31 3SH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

114,800

134,471

114,800

134,471

CURRENT ASSETS

Stocks

50,500

59,971

Debtors

6

331,767

244,164

Investments

7

160,023

156,000

Cash at bank and in hand

490,658

423,379

1,032,948

883,514

CREDITORS

Amounts falling due within one year

8

324,441

317,648

NET CURRENT ASSETS

708,507

565,866

TOTAL ASSETS LESS CURRENT LIABILITIES

823,307

700,337

CREDITORS

Amounts falling due after more than one year

9

(216,203

)

(245,524

)

PROVISIONS FOR LIABILITIES

(19,681

)

(18,384

)

NET ASSETS

587,423

436,429

CAPITAL AND RESERVES

Called up share capital

17,602

17,602

Share premium

400

400

Retained earnings

569,421

418,427

SHAREHOLDERS' FUNDS

587,423

436,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 6 June 2024 and were signed by:

A N Butcher - Director

1.	STATUTORY INFORMATION

Alchemy Expo 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000 has been amortised evenly over its estimated useful life of five 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 etc

-

25% on reducing balance

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

For defined contribution schemes the amount charged to the profit and loss account in respect of pension costs and other post- retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss account over the expected useful lives of the assets concerned. Other grants are credited to the profit and loss account as the related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2022

and 30 September 2023

5,600

AMORTISATION

At 1 October 2022

and 30 September 2023

5,600

NET BOOK VALUE

At 30 September 2023

-

At 30 September 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2022

785,686

Additions

41,391

Disposals

(50,579

)

At 30 September 2023

776,498

DEPRECIATION

At 1 October 2022

651,215

Charge for year

30,530

Eliminated on disposal

(20,047

)

At 30 September 2023

661,698

NET BOOK VALUE

At 30 September 2023

114,800

At 30 September 2022

134,471

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/23

30/9/22

£

£

Trade debtors

42,120

83,719

Other debtors

289,647

160,445

331,767

244,164

7.	CURRENT ASSET INVESTMENTS

30/9/23

30/9/22

£

£

Other investments

160,023

156,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/23

30/9/22

£

£

Bank loans and overdrafts

33,975

33,975

Trade creditors

61,123

61,342

Taxation and social security

66,184

29,089

Other creditors

163,159

193,242

324,441

317,648

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/23

30/9/22

£

£

Bank loans

185,672

214,993

Other creditors

30,531

30,531

216,203

245,524

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/9/23

30/9/22

£

£

Within one year

21,000

5,250

Between one and five years

15,750

-

36,750

5,250

11.	SECURED DEBTS

The following secured debts are included within creditors:

30/9/23

30/9/22

£

£

Bank loans

219,647

248,968

12.	ADVANCED PAYMENT NOTICE

Within other debtors is the sum of £146,841 paid to HMRC under the Advanced Payment Notice regime introduced by government legislation on 17th July 2014 . The amount was paid prior to the necessity for HMRC to determine whether any actual liability existed. HMRC raised an assessment of £146,841 which related to the tax year 2012/13, and later raised a further assessment of £142,708 which related to the tax year 2013/14, both in connection with a tax scheme known as the partly paid share scheme. The appeals against the assessments were heard at the First Tier Tribunal in January 2024 but the Tribunal has not yet issued its decision. Until such time as the Tribunal reaches its decision , in the opinion of the director , based upon Counsel's opinion, no such liabilities exist.