Alchemy Expo Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04049833 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

ALCHEMY EXPO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A N Butcher

L J Stacey

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

1st Floor

Nathaniel House

David Street

Bridgend

South Wales

CF31 3SA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

192,978

232,114

192,978

232,114

CURRENT ASSETS

Stocks

77,675

44,822

Debtors

173,599

242,223

Investments

6,000

Cash at bank and in hand

168,235

202,281

425,509

495,326

CREDITORS

Amounts falling due within one year

307,222

419,283

NET CURRENT ASSETS

118,287

76,043

TOTAL ASSETS LESS CURRENT
LIABILITIES

311,265

308,157

CREDITORS

Amounts falling due after more than one
year

(31,054

)

(61,892

)

PROVISIONS FOR LIABILITIES

(27,722

)

(16,375

)

NET ASSETS

252,489

229,890

CAPITAL AND RESERVES

Called up share capital

4

17,602

Share premium

400

Revaluation reserve

-

(133,537

)

Profit and loss account

234,487

345,425

SHAREHOLDERS' FUNDS

252,489

229,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 November 2016 and were signed on
its behalf by:

A N Butcher - Director

L J Stacey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,600

AMORTISATION

At 1 April 2015

and 31 March 2016

5,600

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

543,346

Additions

162,822

Disposals

(158,785

)

At 31 March 2016

547,383

DEPRECIATION

At 1 April 2015

311,232

Charge for year

61,194

Eliminated on disposal

(18,021

)

At 31 March 2016

354,405

NET BOOK VALUE

At 31 March 2016

192,978

At 31 March 2015

232,114

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

10,002

A Ordinary

£1

10,002

250,000

E Ordinary

£1

2,500

250,000

B Ordinary

£1

5,000

100

C Ordinary

£1

100

17,602

5.	PENSION COMMITMENTS

Contributions of £7,200 ( 2015 £7,200) were made to money purchase schemes. There were no

outstanding contributions at the year end.