REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST NOVEMBER 2022 TO 31ST MARCH 2024 |
FOR |
ALCHEMY WORLDWIDE LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of 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, 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 |
Improvements to property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st November 2022 |
and 31st March 2024 |
AMORTISATION |
At 1st November 2022 |
Charge for period |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st October 2022 |
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 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st November 2022 |
Charge for period |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st October 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
Hire purchase contracts (see note 9) |
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 |
Between one and five years |
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: | £ | £ |
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 |
£ | £ |
Balance outstanding at start of period | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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. |