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REGISTERED NUMBER: 10548488 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

ALCIMI LIMITED

ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

ALCIMI LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P Foulkes
B Sefton





REGISTERED OFFICE: Suite 35 Lakeside 600
Lakeside Drive
Centre Park Square
Warrington
Cheshire
WA1 1RW





REGISTERED NUMBER: 10548488 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 432,600 366,085

CURRENT ASSETS
Stocks 35,200 35,200
Debtors 5 112,045 90,026
Cash at bank 33,393 95,730
180,638 220,956
CREDITORS
Amounts falling due within one year 6 34,526 25,318
NET CURRENT ASSETS 146,112 195,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,712

561,723

CREDITORS
Amounts falling due after more than one
year

7

(113,360

)

(117,241

)

PROVISIONS FOR LIABILITIES 10 - (14,631 )
NET ASSETS 465,352 429,851

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 465,252 429,751
SHAREHOLDERS' FUNDS 465,352 429,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Balance Sheet - continued
31 January 2023


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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





B Sefton - Director


ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Alcimi 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Significant judgements and estimates made by management in preparing these financial statements include:

- Depreciation; and
- Financial instruments.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. Income is recognised when goods and services have been delivered to customers, such that risks and rewards of ownership have transferred to them.

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 - 33% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Trade debtors and trade creditors are classified as financial instruments.

Trade debtors, trade creditors and directors' loan accounts (being repayable on demand) are measured at the undiscounted amount of the cash or consideration expected to be paid or received.


ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance lease and hire purchase contracts, which are those where substantially all of the risks and rewards of ownership of the asset have been passed to the company, are capitalised in the balance sheet and depreciated over their useful economic lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element is charged to the profit and loss account on a straight line basis, over the period of the agreement.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 1,749 6,786 18,500 353,619 380,654
Additions - 449 - 84,293 84,742
Disposals - - - (7,080 ) (7,080 )
At 31 January 2023 1,749 7,235 18,500 430,832 458,316
DEPRECIATION
At 1 February 2022 1,749 1,394 4,440 6,986 14,569
Charge for year - 1,133 2,812 7,202 11,147
At 31 January 2023 1,749 2,527 7,252 14,188 25,716
NET BOOK VALUE
At 31 January 2023 - 4,708 11,248 416,644 432,600
At 31 January 2022 - 5,392 14,060 346,633 366,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 6,582 15,024
Other debtors 24,129 -
Tax 69,589 69,537
Deferred tax asset 9,458 -
Prepayments 2,287 5,465
112,045 90,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 8) 11,297 10,492
Hire purchase contracts 3,700 3,700
Trade creditors - 856
Social security and other taxes 1,603 3,592
Pension Account - 277
VAT 14,926 3,330
Accruals and deferred income 3,000 3,071
34,526 25,318

ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 8) 23,462 34,392
Hire purchase contracts 6,783 10,483
Directors' loan account 83,115 72,366
113,360 117,241

8. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,297 10,492

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,297 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,165 24,392

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 34,759 44,884
Hire purchase contracts 10,483 14,183
45,242 59,067

Hire purchase creditors are secured on the assets to which they relate.

A Coronavirus Business Bounce Back loan of £50,000 is an unsecured loan within the Financial Statements.

10. PROVISIONS FOR LIABILITIES
31.1.22
£   
Deferred tax 14,631

ALCIMI LIMITED (REGISTERED NUMBER: 10548488)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 14,631
Provided during year (24,089 )
Balance at 31 January 2023 (9,458 )

11. RESERVES
Retained
earnings
£   

At 1 February 2022 429,751
Profit for the year 35,501
At 31 January 2023 465,252

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Sefton.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Alcimi Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alcimi Limited for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Alcimi Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alcimi Limited and state those matters that we have agreed to state to the Board of Directors of Alcimi Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alcimi Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alcimi Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alcimi Limited. You consider that Alcimi Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alcimi Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB


24 October 2023