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Company Registration No. 11611069 (England and Wales)
Ali and Chap Ltd Filleted accounts for the year ended 31 October 2023
Ali and Chap Ltd Filleted accounts Contents
Page
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Ali and Chap Ltd Company Information for the year ended 31 October 2023
Directors
Dr Alison Corah Andrew Samuel Corah
Company Number
11611069 (England and Wales)
Registered Office
113 Scalford Road Melton Mowbray LE13 1JZ
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Ali and Chap Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
356 
Current assets
Debtors
- 
240 
Cash at bank and in hand
50,932 
22,913 
50,932 
23,153 
Creditors: amounts falling due within one year
(7,427)
(6,790)
Net current assets
43,505 
16,363 
Net assets
43,505 
16,719 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43,405 
16,619 
Shareholders' funds
43,505 
16,719 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Dr Alison Corah Director Company Registration No. 11611069
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Ali and Chap Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Ali and Chap Ltd is a private company, limited by shares, registered in England and Wales, registration number 11611069. The registered office is 113 Scalford Road, Melton Mowbray, LE13 1JZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ali and Chap Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,587 
At 31 October 2023
2,587 
Depreciation
At 1 November 2022
2,231 
Charge for the year
356 
At 31 October 2023
2,587 
Net book value
At 31 October 2023
- 
At 31 October 2022
356 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
240 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
6,366 
6,176 
Other creditors
- 
13 
Accruals
1,061 
601 
7,427 
6,790 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares A of £1 each
50 
50 
50 Ordinary shares B of £1 each
50 
50 
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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