Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mr A G Studholme 02/12/1992 Mr J G Studholme 20/07/1962 Mrs R Studholme 20/07/1962 04 April 2024 The principal activity of the company is that of publishing of limited and unlimited editions of original works of art. 00730337 2023-10-31 00730337 bus:Director1 2023-10-31 00730337 bus:Director2 2023-10-31 00730337 bus:Director3 2023-10-31 00730337 2022-10-31 00730337 core:CurrentFinancialInstruments 2023-10-31 00730337 core:CurrentFinancialInstruments 2022-10-31 00730337 core:Non-currentFinancialInstruments 2023-10-31 00730337 core:Non-currentFinancialInstruments 2022-10-31 00730337 core:ShareCapital 2023-10-31 00730337 core:ShareCapital 2022-10-31 00730337 core:SharePremium 2023-10-31 00730337 core:SharePremium 2022-10-31 00730337 core:RetainedEarningsAccumulatedLosses 2023-10-31 00730337 core:RetainedEarningsAccumulatedLosses 2022-10-31 00730337 2022-11-01 2023-10-31 00730337 bus:FilletedAccounts 2022-11-01 2023-10-31 00730337 bus:SmallEntities 2022-11-01 2023-10-31 00730337 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 00730337 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 00730337 bus:Director1 2022-11-01 2023-10-31 00730337 bus:Director2 2022-11-01 2023-10-31 00730337 bus:Director3 2022-11-01 2023-10-31 00730337 2021-11-01 2022-10-31 00730337 core:Non-currentFinancialInstruments 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 00730337 (England and Wales)

EDITIONS ALECTO LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

EDITIONS ALECTO LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

EDITIONS ALECTO LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
EDITIONS ALECTO LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mr A G Studholme
Mr J G Studholme
Mrs R Studholme
SECRETARY Mr A G Studholme
REGISTERED OFFICE The Court House
Lower Woodford
Salisbury
SP4 6NQ
United Kingdom
COMPANY NUMBER 00730337 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
EDITIONS ALECTO LIMITED

BALANCE SHEET

As at 31 October 2023
EDITIONS ALECTO LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Current assets
Stocks 60,301 120,602
Debtors 3 46 6,333
Cash at bank and in hand 28,293 25,610
88,640 152,545
Creditors: amounts falling due within one year 4 ( 245,242) ( 39,122)
Net current (liabilities)/assets (156,602) 113,423
Total assets less current liabilities (156,602) 113,423
Creditors: amounts falling due after more than one year 5 0 ( 211,901)
Net liabilities ( 156,602) ( 98,478)
Capital and reserves
Called-up share capital 499,296 499,296
Share premium account 1,310,113 1,310,113
Profit and loss account ( 1,966,011 ) ( 1,907,887 )
Total shareholders' deficit ( 156,602) ( 98,478)

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Editions Alecto Limited (registered number: 00730337) were approved and authorised for issue by the Board of Directors on 04 April 2024. They were signed on its behalf by:

Mr J G Studholme
Director
EDITIONS ALECTO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
EDITIONS ALECTO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Editions Alecto Limited (the Company) is a private company limited by share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:

The Court House
Lower Woodford
Salisbury
SP4 6NQ
United Kingdom

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.

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 section 1A, and the Companies Act 2006.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are
retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Turnover

Turnover represents the value of goods sold during the year, net of Value Added Tax and trade discounts, the fair value of services provided under contracts with customers to the extent that there is a right to consideration, and royalties receivable.

Turnover from sale of goods is recognised when goods are physically delivered to the customer.

Deliveries that did not have a corresponding invoice at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Turnover from services under contracts is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included in Amounts recoverable on contracts in the balance sheet.

Employee benefits

Defined benefit schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in
the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current 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 corporation 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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 stocks 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.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors
• Cash and bank balances

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party , or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of cash or consideration expected to be paid or received, after taking account of impairment adjustments.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2023 2022
£ £
Trade debtors 1 177
Corporation tax 0 5,835
Other debtors 45 321
46 6,333

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 424
Other creditors 245,242 38,698
245,242 39,122

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 0 211,901

There are no amounts included above in respect of which any security has been given by the small entity.