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REGISTERED NUMBER: SC392776 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Alchemy Plant & Contracting Ltd

Alchemy Plant & Contracting Ltd (Registered number: SC392776)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Alchemy Plant & Contracting Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A N Jamieson





REGISTERED OFFICE: Port na Cuile
Gallanach Road
Oban
Argyllshire
PA34 4QH





REGISTERED NUMBER: SC392776 (Scotland)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

Alchemy Plant & Contracting Ltd (Registered number: SC392776)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 690,652 775,219

CURRENT ASSETS
Stocks 76,295 84,366
Debtors 5 62,148 328,234
Cash at bank 211,126 51,474
349,569 464,074
CREDITORS
Amounts falling due within one year 6 193,058 324,293
NET CURRENT ASSETS 156,511 139,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,163

915,000

CREDITORS
Amounts falling due after more than one
year

7

(28,593

)

(81,435

)

PROVISIONS FOR LIABILITIES (90,700 ) (96,741 )
NET ASSETS 727,870 736,824

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 727,770 736,724
SHAREHOLDERS' FUNDS 727,870 736,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Alchemy Plant & Contracting Ltd (Registered number: SC392776)

Statement of Financial Position - continued
29 February 2024


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 22 August 2024 and were signed by:





A N Jamieson - Director


Alchemy Plant & Contracting Ltd (Registered number: SC392776)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Alchemy Plant & Contracting Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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
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.

Alchemy Plant & Contracting Ltd (Registered number: SC392776)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 317,301 1,350,276 1,667,577
Additions - 47,408 47,408
Disposals - (45,706 ) (45,706 )
At 29 February 2024 317,301 1,351,978 1,669,279
DEPRECIATION
At 1 March 2023 28,732 863,626 892,358
Charge for year 6,493 114,732 121,225
Eliminated on disposal - (34,956 ) (34,956 )
At 29 February 2024 35,225 943,402 978,627
NET BOOK VALUE
At 29 February 2024 282,076 408,576 690,652
At 28 February 2023 288,569 486,650 775,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 36,121 309,396
Amounts owed by group undertakings - 16,929
Other debtors 26,027 1,909
62,148 328,234

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 13,790 11,000
Hire purchase contracts 35,717 67,214
Trade creditors 37,092 81,342
Taxation and social security 81,051 159,321
Other creditors 25,408 5,416
193,058 324,293

Alchemy Plant & Contracting Ltd (Registered number: SC392776)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 3,514 20,093
Hire purchase contracts 25,079 61,342
28,593 81,435

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
A N Jamieson
Balance outstanding at start of year (432 ) (419 )
Amounts advanced 68,721 96,487
Amounts repaid (87,430 ) (96,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,141 ) (432 )