Registered number
10119000
ALACA LTD
Filleted Accounts
31 August 2021
ALACA LTD
Registered number: 10119000
Balance Sheet
as at 31 August 2021
Notes 2021 2020
£ £
Current assets
Stocks 915 695
Debtors 3 1,875 1,875
Cash at bank and in hand 505 1,686
3,295 4,256
Creditors: amounts falling due within one year 4 (2,194) (2,030)
Net current assets 1,101 2,226
Net assets 1,101 2,226
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,001 2,126
Shareholder's funds 1,101 2,226
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Rahmi Gokce
Director
Approved by the board on 20 June 2022
ALACA LTD
Notes to the Accounts
for the period from 31 March 2020 to 31 August 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 3
3 Debtors 2021 2020
£ £
Prepayments 1,875 1,875
4 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs 1,294 1,130
Accrued expenses 900 900
2,194 2,030
5 Other information
ALACA LTD is a private company limited by shares and incorporated in England. Its registered office is:
147 Cranbrook Road
Ilford
Essex
IG1 4PU
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