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REGISTERED NUMBER: 10406121 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2022 TO 31ST MARCH 2024

FOR

ALCHEMY WORLDWIDE LIMITED

ALCHEMY WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALCHEMY WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2024







DIRECTORS: K Jones
Ms T D Sharp





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 10406121 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

ALCHEMY WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

BALANCE SHEET
31ST MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,013 5,277
Tangible assets 5 60,670 1,014
63,683 6,291

CURRENT ASSETS
Stocks 22,043 18,861
Debtors 6 66,090 270,319
Cash at bank 189,897 215,445
278,030 504,625
CREDITORS
Amounts falling due within one year 7 111,036 131,880
NET CURRENT ASSETS 166,994 372,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,677

379,036

CREDITORS
Amounts falling due after more than one
year

8

(70,649

)

(38,725

)

PROVISIONS FOR LIABILITIES (13,250 ) (849 )
NET ASSETS 146,778 339,462

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 146,678 339,362
SHAREHOLDERS' FUNDS 146,778 339,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

BALANCE SHEET - continued
31ST MARCH 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 Board of Directors and authorised for issue on 20th September 2024 and were signed on its behalf by:





Ms T D Sharp - Director


ALCHEMY WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

Alchemy Worldwide 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licenses are being amortised evenly over their estimated useful life of twenty years.

Website costs are being amortised evenly over its estimated useful life of five years.

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.
Improvements to property - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on 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 period 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.


ALCHEMY WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2024


2. 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 period 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
Tangible fixed assets acquired under hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st November 2022
and 31st March 2024 9,820
AMORTISATION
At 1st November 2022 4,543
Charge for period 2,264
At 31st March 2024 6,807
NET BOOK VALUE
At 31st March 2024 3,013
At 31st October 2022 5,277

ALCHEMY WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 - - - 9,619 9,619
Additions 8,351 720 59,416 2,414 70,901
At 31st March 2024 8,351 720 59,416 12,033 80,520
DEPRECIATION
At 1st November 2022 - - - 8,605 8,605
Charge for period 679 324 8,696 1,546 11,245
At 31st March 2024 679 324 8,696 10,151 19,850
NET BOOK VALUE
At 31st March 2024 7,672 396 50,720 1,882 60,670
At 31st October 2022 - - - 1,014 1,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 44,695 82,303
Other debtors 21,395 188,016
66,090 270,319

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 5,882 5,882
Hire purchase contracts (see note 9) 7,296 -
Trade creditors 11,265 28,992
Taxation and social security 4,116 85,466
Other creditors 82,477 11,540
111,036 131,880

Assets held under hire purchase contracts are secured against the assets to which they relate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans 30,392 38,725
Hire purchase contracts (see note 9) 40,257 -
70,649 38,725

ALCHEMY WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 6,863 15,196

Assets held under hire purchase contracts are secured against the assets to which they relate.

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2022
£    £   
Net obligations repayable:
Within one year 7,296 -
Between one and five years 40,257 -
47,553 -

Obligations under finance leases are secured by fixed charges on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary 1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st March 2024 and the year ended 31st October 2022:

2024 2022
£    £   
Ms T D Sharp and K Jones
Balance outstanding at start of period 3,744 (543 )
Amounts advanced 201,642 74,342
Amounts repaid (197,583 ) (70,055 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 7,803 3,744

ALCHEMY WORLDWIDE LIMITED (REGISTERED NUMBER: 10406121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST NOVEMBER 2022 TO 31ST MARCH 2024


12. REPORTING PERIOD

The reporting period for these financial statements is 17 months and are made up to 31 March 2024. The previous year represents a 12 month period to 31 October 2022 so is not entirely comparable.

The reporting period has been extended to better reflect the trading patterns of the company.