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Company Registration No. 11100782 (England and Wales)
Alchemy Technology Services Limited Unaudited accounts for the year ended 31 December 2021
Alchemy Technology Services Limited Unaudited accounts Contents
Page
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Alchemy Technology Services Limited Company Information for the year ended 31 December 2021
Directors
Nathan Bolton Stuart Campbell - resigned 18 March 2021 John Colwell John Harkin Mimi Munchetty-Chendriah - appointed 4 January 2022 John Taylor - appointed 4 January 2022
Company Number
11100782 (England and Wales)
Registered Office
The Quadrant Centre Limes Road Weybridge Surrey KT13 8DH United Kingdom
Accountants
Satori Accounting 120 Woodbrook Derry Northern Ireland BT48 8FF
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Alchemy Technology Services Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
188,148 
183,391 
Current assets
Debtors
1,421,761 
664,171 
Cash at bank and in hand
2,117,612 
1,940,615 
3,539,373 
2,604,786 
Creditors: amounts falling due within one year
(1,446,176)
(1,271,864)
Net current assets
2,093,197 
1,332,922 
Total assets less current liabilities
2,281,345 
1,516,313 
Creditors: amounts falling due after more than one year
(7,541)
(17,663)
Net assets
2,273,804 
1,498,650 
Capital and reserves
Called up share capital
210 
210 
Share premium
349,930 
349,930 
Profit and loss account
1,923,664 
1,148,510 
Shareholders' funds
2,273,804 
1,498,650 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2022 and were signed on its behalf by
John Colwell Director Company Registration No. 11100782
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Alchemy Technology Services Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Alchemy Technology Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11100782. The registered office is The Quadrant Centre, Limes Road, Weybridge, Surrey, KT13 8DH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from consultancy services and project work sold on a time and materials basis is normally recognised as services are performed. When such work is sold on a fixed price basis, turnover is normally recognised as milestones are achieved.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
50% straight line
Computer equipment
20% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees under the requirements of auto enrolment. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Alchemy Technology Services Limited Notes to the Accounts for the year ended 31 December 2021
Government grants
Government grants consists of support funds received in relation to employment and training costs. Such grants are included within 'Other Operating Income' in the Income Statement when the grant is received. Grants received under the Coronavirus Job Retention Scheme during the period April 2020 to September 2020 have also been included within 'Other Operating Income'.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2021
69,573 
3,650 
178,271 
251,494 
Additions
3,590 
- 
61,942 
65,532 
At 31 December 2021
73,163 
3,650 
240,213 
317,026 
Depreciation
At 1 January 2021
17,892 
2,585 
47,626 
68,103 
Charge for the year
14,431 
1,065 
45,279 
60,775 
At 31 December 2021
32,323 
3,650 
92,905 
128,878 
Net book value
At 31 December 2021
40,840 
- 
147,308 
188,148 
At 31 December 2020
51,681 
1,065 
130,645 
183,391 
2021 
2020 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
- 
28,784 
- Computer equipment
55,103 
59,755 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
1,134,387 
408,622 
Accrued income and prepayments
139,546 
118,561 
Other debtors
27,828 
16,988 
1,301,761 
544,171 
Debtors: amounts falling due after more than one year
Other debtors
120,000 
120,000 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
17 
17 
VAT
112,808 
258,666 
Obligations under finance leases and hire purchase contracts
35,934 
28,620 
Trade creditors
352,234 
243,301 
Taxes and social security
345,633 
328,345 
Other creditors
- 
585 
Accruals
599,550 
412,330 
1,446,176 
1,271,864 
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Alchemy Technology Services Limited Notes to the Accounts for the year ended 31 December 2021
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,541 
17,663 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
210 Ordinary shares of £1 each
210 
210 
9
Transactions with related parties
The company issued a loan to a director during 2019 in the sum of £120,000. The loan is repayable within 60 months. The amount outstanding at the year-end date was £120,000 and is disclosed within other debtors at note 6 (due after more than one year). Interest is charged by the company at 2.5% per annum and is being paid by the director to the company.
10
Post balance sheet events
In January 2022, the company declared a final dividend for the year ended 31 December 2021 in the sum of £1,500 per £1 ordinary share. Total dividends declared and paid were £300,000.
11
Average number of employees
During the year the average number of employees was 121 (2020: 87).
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