Registered number
12179796
Alpaca My Boots Ltd
Unaudited Filleted Accounts
31 August 2023
Alpaca My Boots Ltd
Registered number: 12179796
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 4,882 9,763
Tangible assets 4 18,539 16,924
23,421 26,687
Current assets
Stocks 38,938 34,303
Debtors 5 13,866 9,905
Cash at bank and in hand 30,032 48,492
82,836 92,700
Creditors: amounts falling due within one year 6 (12,767) (27,747)
Net current assets 70,069 64,953
Total assets less current liabilities 93,490 91,640
Provisions for liabilities (3,523) (3,215)
Net assets 89,967 88,425
Capital and reserves
Called up share capital 2 2
Profit and loss account 89,965 88,423
Shareholders' funds 89,967 88,425
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nicholas Peter Bishop
Director
Approved by the board on 23 February 2024
Alpaca My Boots Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold Improvements 20% Straight Line
Equipment, Fixtures & Fittings 20% Straight Line
Plant & Machinery 20% Straight Line
Stocks of Alpaca's and Sheep
Stocks are measured at the lower of cost and net realisable value and estimated selling price. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 1
3 Intangible fixed assets £ £
Website Development costs:
Cost
At 1 September 2022 14,643 -
Additions - 14,643
At 31 August 2023 14,643 14,643
Amortisation
At 1 September 2022 4,880 -
Provided during the year 4,881 4,880
At 31 August 2023 9,761 4,880
Net book value
At 31 August 2023 4,882 9,763
At 31 August 2022 9,763 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
Website Development costs are being written off in equal instalments over its estimated economic life of 3 years.
4 Tangible fixed assets
Leasehold Improvements Equipment, Fixtures & Fittings Total
£ £ £
Cost
At 1 September 2022 12,594 10,056 22,650
Additions 5,183 2,499 7,682
At 31 August 2023 17,777 12,555 30,332
Depreciation
At 1 September 2022 2,519 3,207 5,726
Charge for the year 3,555 2,512 6,067
At 31 August 2023 6,074 5,719 11,793
Net book value
At 31 August 2023 11,703 6,836 18,539
At 31 August 2022 10,075 6,849 16,924
5 Debtors 2023 2022
£ £
Trade debtors 1,460 440
Overdrawn Directors Loan 12,345 -
Other debtors 61 9,465
13,866 9,905
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 705 408
Taxation and social security costs 10,287 21,006
Other creditors 1,775 6,333
12,767 27,747
7 Related party transactions
No disclosure of related party transactions made as all transactions considered to be at open market values.
8 Transactions with Directors
During the year, Mr Nicholas Peter Bishop and Mrs Louise Marjorie Bishop, as Director's and Shareholders, used current accounts with the company to record amounts due to them and amounts drawn by them.

During the year to 31st August 2023, Mr Bishop had an overdrawn directors loan account showing an amount owed back to the company of £6,172.53. This was repaid by the declaration of the dividend in February 2024. For the prior year as at the 31st August 2023 the directors loan acocunt balance owed to Mr Bishop by the company was £2,296.11

During the year to 31st August 2023, Mrs Bishop also had an overdrawn directors loan account showing an amount owed back to the company of £6,172.53. This was repaid by the declaration of the dividend in February 2024. For the prior year as at the 31st August 2023 the directors loan acocunt balance owed to Mrs Bishop by the company was £2,296.11
9 Controlling party
Mr Nicholas Peter Bishop owns 50% & Mrs Louise Marjorie Bishop owns 50% of the share capital of the company and therefore they are jointly the company's ultimate controlling party.
10 Other information
Alpaca My Boots Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Blaenrheon
Penpont
Brecon
Powys
LD3 8ES
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