Alchemise Yoga Ltd 11516623 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is physical wellbeing activities. Digita Accounts Production Advanced 6.30.9574.0 true true 11516623 2022-07-01 2023-06-30 11516623 2023-06-30 11516623 core:CurrentFinancialInstruments 2023-06-30 11516623 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11516623 core:FurnitureFittingsToolsEquipment 2023-06-30 11516623 bus:SmallEntities 2022-07-01 2023-06-30 11516623 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11516623 bus:FullAccounts 2022-07-01 2023-06-30 11516623 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11516623 bus:RegisteredOffice 2022-07-01 2023-06-30 11516623 bus:Director1 2022-07-01 2023-06-30 11516623 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11516623 core:FurnitureFittings 2022-07-01 2023-06-30 11516623 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 11516623 core:OfficeEquipment 2022-07-01 2023-06-30 11516623 core:PlantMachinery 2022-07-01 2023-06-30 11516623 countries:EnglandWales 2022-07-01 2023-06-30 11516623 2022-06-30 11516623 core:FurnitureFittingsToolsEquipment 2022-06-30 11516623 2021-09-01 2022-06-30 11516623 2022-06-30 11516623 core:CurrentFinancialInstruments 2022-06-30 11516623 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11516623 core:CurrentFinancialInstruments core:RestatedAmount 2022-06-30 11516623 core:FurnitureFittingsToolsEquipment 2022-06-30 11516623 core:RestatedAmount 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11516623

Alchemise Yoga Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

image-name
 

Alchemise Yoga Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Alchemise Yoga Ltd

Company Information

Director

Mrs W Loughlan

Registered office

37 Silver Street
Newport Pagnell
Buckinghamshire
MK16 0EJ

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St. John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Alchemise Yoga Ltd

(Registration number: 11516623)
Balance Sheet as at 30 June 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Tangible assets

4

1,420

1,950

Current assets

 

Debtors

5

3,351

11,360

Cash at bank and in hand

 

1,182

2,070

 

4,533

13,430

Creditors: Amounts falling due within one year

6

(6,006)

(14,562)

Net current liabilities

 

(1,473)

(1,132)

Total assets less current liabilities

 

(53)

818

Provisions for liabilities

(270)

(370)

Net (liabilities)/assets

 

(323)

448

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(423)

348

Shareholders' (deficit)/funds

 

(323)

448

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

Director's 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 director acknowledges her 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 Profit and Loss Account has been taken.

Approved and authorised by the director on 12 March 2024
 

 

Alchemise Yoga Ltd

(Registration number: 11516623)
Balance Sheet as at 30 June 2023

.........................................
Mrs W Loughlan
Director

 

Alchemise Yoga Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
37 Silver Street
Newport Pagnell
Buckinghamshire
MK16 0EJ
UK

These financial statements were authorised for issue by the director on 12 March 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

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

 

Alchemise Yoga Ltd

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

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 balance sheet 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.

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

25% reducing balance

Fixtures and fittings

25% reducing balance

Office equipment

33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Alchemise Yoga Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

5,540

5,540

At 30 June 2023

5,540

5,540

Depreciation

At 1 July 2022

3,590

3,590

Charge for the year

530

530

At 30 June 2023

4,120

4,120

Carrying amount

At 30 June 2023

1,420

1,420

At 30 June 2022

1,950

1,950

5

Debtors

2023
£

2022
£

Trade debtors

-

300

Owed by/(from) group undertakings

3,251

10,960

Other debtors

100

100

3,351

11,360

 

Alchemise Yoga Ltd

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals

2,680

6,799

Corporation tax control

3,326

7,762

Other creditors

-

1

6,006

14,562