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REGISTERED NUMBER: 01673555 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALFASHOP LIMITED

ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)






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


ALFASHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr J S Wales





SECRETARY: Mrs K L Wales





REGISTERED OFFICE: Unit 1
Beech Drive
Mile Cross Lane
Norwich
Norfolk
NR6 6RN





REGISTERED NUMBER: 01673555 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,150 1,150
Tangible assets 5 72,030 35,783
73,180 36,933

CURRENT ASSETS
Stocks 310,834 294,385
Debtors 6 72,932 74,400
Cash at bank 245,555 272,599
629,321 641,384
CREDITORS
Amounts falling due within one year 7 176,403 162,261
NET CURRENT ASSETS 452,918 479,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,098

516,056

CREDITORS
Amounts falling due after more than one
year

8

(59,708

)

(77,896

)

PROVISIONS FOR LIABILITIES (7,286 ) (6,799 )
NET ASSETS 459,104 431,361

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 458,104 430,361
SHAREHOLDERS' FUNDS 459,104 431,361

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.

ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)

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 26 April 2024 and were signed by:





Mr J S Wales - Director


ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Alfashop Limited 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 currency of the financial statements is the Pound Sterling (£).


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.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible fixed assets
Trade marks, being the amount paid in connection with the acquisition of a 'trade name', are not subject to annual amortisation as its useful life is considered to be indefinable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tenants property improvements - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,150
NET BOOK VALUE
At 31 December 2023 1,150
At 31 December 2022 1,150

5. TANGIBLE FIXED ASSETS
Tenants Fixtures
property Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 January 2023 2,421 82,790 9,831
Additions - 3,495 -
At 31 December 2023 2,421 86,285 9,831
DEPRECIATION
At 1 January 2023 2,421 69,099 9,266
Charge for year - 1,953 85
At 31 December 2023 2,421 71,052 9,351
NET BOOK VALUE
At 31 December 2023 - 15,233 480
At 31 December 2022 - 13,691 565

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 78,361 74,730 248,133
Additions 52,300 1,114 56,909
At 31 December 2023 130,661 75,844 305,042
DEPRECIATION
At 1 January 2023 59,761 71,803 212,350
Charge for year 17,726 898 20,662
At 31 December 2023 77,487 72,701 233,012
NET BOOK VALUE
At 31 December 2023 53,174 3,143 72,030
At 31 December 2022 18,600 2,927 35,783

ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 41,877
Additions 52,300
At 31 December 2023 94,177
DEPRECIATION
At 1 January 2023 24,227
Charge for year 17,488
At 31 December 2023 41,715
NET BOOK VALUE
At 31 December 2023 52,462
At 31 December 2022 17,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,932 74,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 14,663 5,792
Trade creditors 81,559 79,170
Taxation and social security 45,022 42,036
Other creditors 5,159 5,263
176,403 162,261

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 45,000 75,000
Hire purchase contracts 14,708 2,896
59,708 77,896

ALFASHOP LIMITED (REGISTERED NUMBER: 01673555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 75,000 105,000
Hire purchase contracts 29,371 8,688
104,371 113,688

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company is a wholly owned subsidiary of and under the control of Alfashop Holdings Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Alfashop Holdings Limited and its registered office is Unit 1 Beech Drive, Mile Cross Lane, Norwich, Norfolk, NR6 6RN.