1 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 17,644 16,116 509 16,625 1,019 1,528 xbrli:pure xbrli:shares iso4217:GBP 03824672 2022-03-01 2023-02-28 03824672 2023-02-28 03824672 2022-02-28 03824672 2021-03-01 2022-02-28 03824672 2022-02-28 03824672 core:FurnitureFittings 2022-03-01 2023-02-28 03824672 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 03824672 bus:Director1 2022-03-01 2023-02-28 03824672 core:FurnitureFittings 2022-02-28 03824672 core:FurnitureFittings 2023-02-28 03824672 core:WithinOneYear 2023-02-28 03824672 core:WithinOneYear 2022-02-28 03824672 core:ShareCapital 2023-02-28 03824672 core:ShareCapital 2022-02-28 03824672 core:RetainedEarningsAccumulatedLosses 2023-02-28 03824672 core:RetainedEarningsAccumulatedLosses 2022-02-28 03824672 core:FurnitureFittings 2022-02-28 03824672 bus:SmallEntities 2022-03-01 2023-02-28 03824672 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 03824672 bus:FullAccounts 2022-03-01 2023-02-28 03824672 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 03824672 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 03824672 bus:OrdinaryShareClass1 2023-02-28 03824672 bus:OrdinaryShareClass1 2022-02-28
COMPANY REGISTRATION NUMBER: 03824672
DJ Alchemi Limited
Filleted Unaudited Financial Statements
28 February 2023
DJ Alchemi Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,019
1,528
Current assets
Debtors
6
10,182
13,097
Cash at bank and in hand
12,832
38,828
-------
-------
23,014
51,925
Creditors: amounts falling due within one year
7
6,944
15,905
-------
-------
Net current assets
16,070
36,020
-------
-------
Total assets less current liabilities
17,089
37,548
-------
-------
Net assets
17,089
37,548
-------
-------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
17,088
37,547
-------
-------
Shareholders funds
17,089
37,548
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 January 2024 , and are signed on behalf of the board by:
Mr D R Jennings
Director
Company registration number: 03824672
DJ Alchemi Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Matham Grove, London, SE22 8PN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 March 2022 and 28 February 2023
17,644
-------
Depreciation
At 1 March 2022
16,116
Charge for the year
509
-------
At 28 February 2023
16,625
-------
Carrying amount
At 28 February 2023
1,019
-------
At 28 February 2022
1,528
-------
6. Debtors
2023
2022
£
£
Trade debtors
6,618
9,533
Other debtors
3,564
3,564
-------
-------
10,182
13,097
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
3,497
4,676
Other creditors
3,447
11,229
------
-------
6,944
15,905
------
-------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Director's advances, credits and guarantees
At the balance sheet date the company owed the director £4,692 (2021: £4,270). This amount is included within other creditors.