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Registration number: 11653289

Alexander Holness Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Alexander Holness Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Alexander Holness Ltd

Company Information

Directors

Miss Chloé Rimmer

Mr Kristian Holness-Dove

Registered office

Suite 1C Meadway Court, Meadway Technology Park
Rutherford Close
Stevenage
SG1 2EF

Accountants

Re:Accounts Limited
Chartered Accountants
Suite 1C Meadway Court
Meadway Technology Park
Rutherford Close
Stevenage
Hertfordshire
SG1 2EF

 

Alexander Holness Ltd

(Registration number: 11653289)
Balance Sheet as at 31 October 2023

Note

31 October
2023
£

31 October
2022
£

Fixed assets

 

Tangible assets

4

1,447

2,172

Current assets

 

Debtors

5

29,588

19,160

Cash at bank and in hand

 

12,880

4,885

 

42,468

24,045

Creditors: Amounts falling due within one year

6

(23,304)

(14,415)

Net current assets

 

19,164

9,630

Net assets

 

20,611

11,802

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

20,411

11,602

Shareholders' funds

 

20,611

11,802

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2024 and signed on its behalf by:
 

 

Alexander Holness Ltd

(Registration number: 11653289)
Balance Sheet as at 31 October 2023 (continued)

.........................................
Miss Chloé Rimmer
Director

.........................................
Mr Kristian Holness-Dove
Director

 

Alexander Holness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Suite 1C Meadway Court, Meadway Technology Park
Rutherford Close
Stevenage
SG1 2EF
United Kingdom

These financial statements were authorised for issue by the Board on 22 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Alexander Holness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises 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 income 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

4 years straight line

Computer equipment

4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Alexander Holness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Alexander Holness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

4,486

4,486

At 31 October 2023

4,486

4,486

Depreciation

At 1 November 2022

2,314

2,314

Charge for the year

725

725

At 31 October 2023

3,039

3,039

Carrying amount

At 31 October 2023

1,447

1,447

At 31 October 2022

2,172

2,172

5

Debtors

Current

31 October
2023
£

31 October
2022
£

Trade debtors

10,901

6,365

Prepayments

2,598

2,750

Other debtors

16,089

10,045

 

29,588

19,160

6

Creditors

Creditors: amounts falling due within one year

 

Alexander Holness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

6

Creditors (continued)

31 October
2023
£

31 October
2022
£

Due within one year

Taxation and social security

8,906

5,305

Accruals and deferred income

1,000

1,000

Other creditors

13,398

8,110

23,304

14,415

7

Share capital

Allotted, called up and fully paid shares

31 October
2023

31 October
2022

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

8

Dividends

Final dividends paid

31 October
2023
£

31 October
2022
£

Final dividend of £80.00 (2022 - £10.00) per each Ordinary

16,000

2,000

 

 

Interim dividends paid

31 October
2023
£

31 October
2022
£

Interim dividend of £62.50 (2022 - £63.00) per each Ordinary

12,500

12,500

 

 

9

Related party transactions

At the year end the company owed the directors £13,399 (2022; £8,110). The loan was interest free with no fixed date for repayment.

 

Alexander Holness Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

9

Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

11,931

12,750