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Registration number: 13368630

Alex B Services Ltd
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 30 April 2023

 

Alex B Services Ltd

(Registration number: 13368630)
Statement of Financial Position as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

42,816

49,331

Current assets

 

Stocks

5

1,000

2,500

Debtors

6

11,377

10,748

Cash at bank and in hand

 

16,488

6,369

 

28,865

19,617

Creditors: Amounts falling due within one year

7

(69,736)

(74,077)

Net current liabilities

 

(40,871)

(54,460)

Total assets less current liabilities

 

1,945

(5,129)

Provisions for liabilities

(1,583)

(9,372)

Net assets/(liabilities)

 

362

(14,501)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

361

(14,502)

Shareholders' funds/(deficit)

 

362

(14,501)

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 12 October 2023 and signed on its behalf by:
 

 

Alex B Services Ltd

(Registration number: 13368630)
Statement of Financial Position as at 30 April 2023

.........................................
Mr A J Bottomley
Director

 

Alex B Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 153 Grosvenor Road, Aldershot, Hampshire, GU11 3EF. England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Alex B Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Alex B Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 May 2022

54,812

54,812

Additions

4,187

4,187

At 30 April 2023

58,999

58,999

Depreciation

At 1 May 2022

5,481

5,481

Charge for the year

10,702

10,702

At 30 April 2023

16,183

16,183

Carrying amount

At 30 April 2023

42,816

42,816

At 30 April 2022

49,331

49,331

5

Stocks

2023
£

2022
£

Other inventories

1,000

2,500

6

Debtors

2023
£

2022
£

Trade debtors

11,377

360

Other debtors

-

10,388

11,377

10,748

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Taxation and social security

7,143

-

Accruals and deferred income

1,550

1,400

Other creditors

61,043

72,677

69,736

74,077