ALEXANDRA SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2022
Company Registration Number: 02012250
ALEXANDRA SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
CONTENTS PAGES
Company information 1
Balance sheet 2
Notes to the financial statements 3 to 7
ALEXANDRA SYSTEMS LIMITED
COMPANY INFORMATION
FOR THE PERIOD ENDED 31 DECEMBER 2022
DIRECTOR
A P Tollett
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
15 Wey Court
Wey Manor Road
New Haw
Addlestone
Surrey
KT15 3JN
COMPANY REGISTRATION NUMBER
02012250 England and Wales
ALEXANDRA SYSTEMS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2022
Notes 31/12/2022 30/04/2022
£ £
CURRENT ASSETS
Debtors 6 2,322 2,398
Cash at bank and in hand 2,760 13,733
5,082 16,131
CREDITORS: Amounts falling due within one year 7 4,814 9,888
NET CURRENT ASSETS 268 6,243
NET ASSETS 268 6,243
CAPITAL AND RESERVES
Called up share capital 100 100
Distributable profit and loss account 168 6,143
SHAREHOLDER'S FUNDS 268 6,243
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial period ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
A P Tollett
Director
Date approved by the board: 27 December 2023
ALEXANDRA SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
1 GENERAL INFORMATION
Alexandra Systems Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
15 Wey Court
Wey Manor Road
New Haw
Addlestone
Surrey
KT15 3JN
The company ceased to trade on 31 December 2022.
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on a basis other than going concern as the company ceased to trade on 31 December 2022. As the going concern basis is not appropriate, adjustments have been made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise as a result of the cessation and to reclassify fixed assets as current assets.
ALEXANDRA SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Tangible fixed assets
Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.
Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.
Computer equipment Straight line basis at 25% per annum
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.
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 accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
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 amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.
ALEXANDRA SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using 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.
Current and deferred tax assets and liabilities are not discounted.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the director in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including the director) during the period / year was:
31/12/2022 30/04/2022
Average number of employees 1 1
ALEXANDRA SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
5 TANGIBLE ASSETS
Computer equipment
£
Cost
At 1 May 2022 503
Disposals (503)
At 31 December 2022 -
Accumulated depreciation and impairments
At 1 May 2022 503
Disposals (503)
At 31 December 2022 -
Net book value
At 1 May 2022 -
6 DEBTORS
31/12/2022 30/04/2022
£ £
Prepayments and accrued income - 682
Other debtors 2,322 1,716
2,322 2,398
7 CREDITORS: Amounts falling due within one year
31/12/2022 30/04/2022
£ £
Accruals and deferred income 3,968 2,043
Other creditors 846 7,845
4,814 9,888
ALEXANDRA SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
8 RELATED PARTY TRANSACTIONS
During the period / year, the following transactions with related parties took place:
Mr A Tollett
Director 31/12/2022 30/04/2022
£ £
Advances from director The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the period / year end, the company owed the director the following amount: 846 7,845
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