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REGISTERED NUMBER: 08803862 (England and Wales)












Alva 1 Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2023






Alva 1 Ltd (Registered number: 08803862)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Alva 1 Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTOR: A J Jewell





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 08803862 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Alva 1 Ltd (Registered number: 08803862)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 354,418 385,219

CURRENT ASSETS
Debtors 5 29,656 32,647
Cash at bank 23,277 5,301
52,933 37,948
CREDITORS
Amounts falling due within one year 6 (232,763 ) (382,278 )
NET CURRENT LIABILITIES (179,830 ) (344,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,588

40,889

CREDITORS
Amounts falling due after more than one
year

7

(7,333

)

(11,333

)

PROVISIONS FOR LIABILITIES (72,954 ) (61,985 )
NET ASSETS/(LIABILITIES) 94,301 (32,429 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,201 (32,529 )
SHAREHOLDERS' FUNDS 94,301 (32,429 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Alva 1 Ltd (Registered number: 08803862)

Statement of Financial Position - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th April 2024 and were signed by:





A J Jewell - Director


Alva 1 Ltd (Registered number: 08803862)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Alva 1 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Alva 1 Ltd (Registered number: 08803862)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st January 2023
and 31st December 2023 616,026
DEPRECIATION
At 1st January 2023 230,807
Charge for year 30,801
At 31st December 2023 261,608
NET BOOK VALUE
At 31st December 2023 354,418
At 31st December 2022 385,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 29,656 32,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 935 2,907
Other creditors 231,828 379,371
232,763 382,278

Included within other creditors is an amount of £226,374 (2022:£373,956) which is owed to the director, A J Jewell. This loan will be repaid as and when cash flow allows.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 7,333 11,333