Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-292023-01-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-30falseNo description of principal activity21truetrue 11128754 2022-01-30 2023-01-29 11128754 2021-01-30 2022-01-29 11128754 2023-01-29 11128754 2022-01-29 11128754 c:Director1 2022-01-30 2023-01-29 11128754 d:FurnitureFittings 2022-01-30 2023-01-29 11128754 d:FurnitureFittings 2023-01-29 11128754 d:FurnitureFittings 2022-01-29 11128754 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-30 2023-01-29 11128754 d:OfficeEquipment 2022-01-30 2023-01-29 11128754 d:OfficeEquipment 2023-01-29 11128754 d:OfficeEquipment 2022-01-29 11128754 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-30 2023-01-29 11128754 d:OwnedOrFreeholdAssets 2022-01-30 2023-01-29 11128754 d:CurrentFinancialInstruments 2023-01-29 11128754 d:CurrentFinancialInstruments 2022-01-29 11128754 d:Non-currentFinancialInstruments 2023-01-29 11128754 d:Non-currentFinancialInstruments 2022-01-29 11128754 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-29 11128754 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-29 11128754 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-29 11128754 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-29 11128754 d:ShareCapital 2023-01-29 11128754 d:ShareCapital 2022-01-29 11128754 d:RetainedEarningsAccumulatedLosses 2023-01-29 11128754 d:RetainedEarningsAccumulatedLosses 2022-01-29 11128754 c:FRS102 2022-01-30 2023-01-29 11128754 c:AuditExempt-NoAccountantsReport 2022-01-30 2023-01-29 11128754 c:FullAccounts 2022-01-30 2023-01-29 11128754 c:PrivateLimitedCompanyLtd 2022-01-30 2023-01-29 iso4217:GBP xbrli:pure

Registered number: 11128754









ALFA-ZERO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JANUARY 2023

 
ALFA-ZERO LIMITED
REGISTERED NUMBER: 11128754

BALANCE SHEET
AS AT 29 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
526
1,626

  
526
1,626

Current assets
  

Debtors: amounts falling due within one year
 5 
22,130
13,711

Cash at bank and in hand
 6 
13,102
8,477

  
35,232
22,188

Creditors: amounts falling due within one year
 7 
(25,969)
(12,303)

Net current assets
  
 
 
9,263
 
 
9,885

Total assets less current liabilities
  
9,789
11,511

Creditors: amounts falling due after more than one year
 8 
(9,667)
(13,667)

  

Net assets/(liabilities)
  
122
(2,156)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
121
(2,157)

  
122
(2,156)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Page 1

 
ALFA-ZERO LIMITED
REGISTERED NUMBER: 11128754
    
BALANCE SHEET (CONTINUED)
AS AT 29 JANUARY 2023



................................................
Stuart Gregory Gillies
Director

Date: 27 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ALFA-ZERO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2023

1.


General information

Alfa-Zero Limited is a private company limited by shares incorporated in England and Wales.
Registration No : 1128754
Registered office : The Courtyard, 14a Sydenham Road, Croydon, England, CR0 2EE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ALFA-ZERO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ALFA-ZERO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
ALFA-ZERO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 30 January 2022
4,211
1,229
5,440



At 29 January 2023

4,211
1,229
5,440



Depreciation


At 30 January 2022
2,632
1,182
3,814


Charge for the year on owned assets
1,053
47
1,100



At 29 January 2023

3,685
1,229
4,914



Net book value



At 29 January 2023
526
-
526



At 29 January 2022
1,579
47
1,626


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
13,711

Other debtors
22,130
-

22,130
13,711


Page 6

 
ALFA-ZERO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
13,102
8,477

13,102
8,477



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,000
4,000

Trade creditors
1,413
-

Amounts owed to group undertakings
5,185
-

Corporation tax
6,551
-

Other taxation and social security
1,909
-

Other creditors
6,911
6,863

Accruals and deferred income
-
1,440

25,969
12,303



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,667
13,667

9,667
13,667


 
Page 7