Alexandra's Of Alsager Limited
Company Registration No. 08719866 (England And Wales)
Unaudited Financial Statements
Year Ended 30 June 2024
ALEXANDRA'S OF ALSAGER LIMITED
Alexandra's Of Alsager Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ALEXANDRA'S OF ALSAGER LIMITED
Alexandra's Of Alsager Limited
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,053
5,945
Current assets
Stocks
127,857
122,959
Debtors
4
1,191
843
Cash at bank and in hand
13,008
2,801
142,056
126,603
Creditors: amounts falling due within one year
5
(88,298)
(94,760)
Net current assets
53,758
31,843
Total assets less current liabilities
58,811
37,788
Provisions for liabilities
(1,263)
(1,486)
Net assets
57,548
36,302
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
57,448
36,202
Total equity
57,548
36,302

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ALEXANDRA'S OF ALSAGER LIMITED
Alexandra's Of Alsager Limited
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 September 2024 and are signed on its behalf by:
Mr P Lovatt
Director
Company registration number 08719866 (England and Wales)
ALEXANDRA'S OF ALSAGER LIMITED
Alexandra's Of Alsager Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Alexandra's of Alsager Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Crewe Road, Alsager, Stoke-on-Trent, Cheshire, ST7 2EW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 15% on Reducing Balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ALEXANDRA'S OF ALSAGER LIMITED
Alexandra's Of Alsager Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.9
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.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

ALEXANDRA'S OF ALSAGER LIMITED
Alexandra's Of Alsager Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
2
Employees

The average monthly number of persons (excluding directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 July 2023 and 30 June 2024
22,672
Depreciation and impairment
At 1 July 2023
16,727
Depreciation charged in the year
892
At 30 June 2024
17,619
Carrying amount
At 30 June 2024
5,053
At 30 June 2023
5,945
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,191
79
Corporation tax recoverable
-
0
764
1,191
843
ALEXANDRA'S OF ALSAGER LIMITED
Alexandra's Of Alsager Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,391
13,884
Corporation tax
6,269
-
0
Other taxation and social security
1,023
2,594
Other creditors
65,615
78,282
88,298
94,760
6
Related party transactions

The directors consider Hanalex Limited and AML Wedding Bands Limited to be related parties as they are also under the control of Mr P Lovatt. At the reporting date the company held the following balances of account with its related parties:

2024
2023
Amounts due to related parties
£
£
Hanalex Limited
28,169
33,197
AML Wedding Bands Limited
33,381
40,703
Other information

At 30 June 2023 the Company owed £2,375 (2023: £2,375) to the Directors. No interest has been charged to the Company in respect of this loan which is repayable on demand and classified in creditors due within one year.

 

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