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REGISTERED NUMBER: 08324833 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Alfa Inc Ltd

Alfa Inc Ltd (Registered number: 08324833)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alfa Inc Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr C Nkala





REGISTERED OFFICE: BBIC Unit 11 Snydale Road
Cudworth
Barnsley
South Yorkshire
S72 8RP





REGISTERED NUMBER: 08324833 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Alfa Inc Ltd (Registered number: 08324833)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,452 6,768

CURRENT ASSETS
Stocks 900 1,650
Debtors 6 619,310 525,755
Cash at bank 10,430 37,672
630,640 565,077
CREDITORS
Amounts falling due within one year 7 595,120 474,359
NET CURRENT ASSETS 35,520 90,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,972

97,486

CREDITORS
Amounts falling due after more than one
year

8

(31,782

)

(36,782

)

PROVISIONS FOR LIABILITIES - (9 )
NET ASSETS 8,190 60,695

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 8,180 60,685
SHAREHOLDERS' FUNDS 8,190 60,695

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 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.

Alfa Inc Ltd (Registered number: 08324833)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr C Nkala - Director


Alfa Inc Ltd (Registered number: 08324833)

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

1. STATUTORY INFORMATION

Alfa Inc 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


Alfa Inc Ltd (Registered number: 08324833)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants are recognised in accordance with the accrual model of Section 24 of FRS 102.
Grants became receivable as compensation for expenses already incurred for the purpose of giving immediate financial support to the entity with no future related costs recognised in income in the period in which the grant became receivable.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2022 - 79 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 33,798
Additions 747
At 31 December 2023 34,545
DEPRECIATION
At 1 January 2023 27,030
Charge for year 3,063
At 31 December 2023 30,093
NET BOOK VALUE
At 31 December 2023 4,452
At 31 December 2022 6,768

Alfa Inc Ltd (Registered number: 08324833)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 231,296 293,723
Other debtors 388,014 232,032
619,310 525,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors (2,241 ) 2,879
Taxation and social security 430,516 286,140
Other creditors 161,845 180,340
595,120 474,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,782 36,782

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 11,782 16,782
11,782 16,782

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr C Nkala
Balance outstanding at start of year 99,701 58,688
Amounts advanced 33,915 132,673
Amounts repaid (81,919 ) (91,660 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,697 99,701