Company registration number: 05578044
Unaudited financial statements
for the year ended 31 May 2023
for
Alex & Co Limited
Pages for filing with the Registrar
Company registration number: 05578044
Alex & Co Limited
Balance sheet
as at 31 May 2023
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,813 6,746
3,813 6,746
Current assets
Debtors 40,286 47,759
Cash at bank and in hand 1,599,932 965,470
1,640,218 1,013,229
Creditors: amounts falling due within
one year
(884,817) (208,889)
Net current assets 755,401 804,340
Total assets less current liabilities 759,214 811,086
Creditors: Amounts falling due after
more than one year
- (29,575)
Provisions for liabilities (953) (1,282)
NET ASSETS 758,261 780,229
Capital and reserves
Called up share capital 100 100
Profit and loss account 758,161 780,129
TOTAL EQUITY 758,261 780,229
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2023.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05578044
Alex & Co Limited
Balance sheet - continued
as at 31 May 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 12 August 2024 and signed on its behalf by:
Mr A Ben Brahim, Director
12 August 2024
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Alex & Co Limited
Notes to the financial statements
for the year ended 31 May 2023
1 Company information
The company is registered in England and Wales. Its registered number is 05578044. The company is limited by shares. Its registered office is 33 Liverpool Road, Manchester, Greater Manchester, M3 4NQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Patents & licences - 20% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 33.33% straight line
Fixtures & fittings - 25% reducing balance
Computer equipment - 33.33% straight line
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Alex & Co Limited
Notes to the financial statements - continued
for the year ended 31 May 2023
2 Accounting policies - continued
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.



Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.



Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.



A grant that specifies performance conditions is recognised in income when the performance conditions
4
Alex & Co Limited
Notes to the financial statements - continued
for the year ended 31 May 2023
2 Accounting policies - continued
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2022 - 4).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 June 2022 18,500
At 31 May 2023 18,500
Amortisation
At 1 June 2022 18,500
At 31 May 2023 18,500
Net book value
At 31 May 2023 -
At 31 May 2022 -
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 June 2022 73,920
At 31 May 2023 73,920
5
Alex & Co Limited
Notes to the financial statements - continued
for the year ended 31 May 2023
5 Tangible fixed assets - continued
Depreciation
At 1 June 2022 67,174
Charge for year 2,933
At 31 May 2023 70,107
Net book value
At 31 May 2023 3,813
At 31 May 2022 6,746
6 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.



The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
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