Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-3022022-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2truetruefalse 12226453 2022-10-01 2023-09-30 12226453 2021-10-01 2022-09-30 12226453 2023-09-30 12226453 2022-09-30 12226453 c:Director2 2022-10-01 2023-09-30 12226453 d:CurrentFinancialInstruments 2023-09-30 12226453 d:CurrentFinancialInstruments 2022-09-30 12226453 d:Non-currentFinancialInstruments 2023-09-30 12226453 d:Non-currentFinancialInstruments 2022-09-30 12226453 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12226453 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12226453 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12226453 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 12226453 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 12226453 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 12226453 d:ShareCapital 2023-09-30 12226453 d:ShareCapital 2022-09-30 12226453 d:RetainedEarningsAccumulatedLosses 2023-09-30 12226453 d:RetainedEarningsAccumulatedLosses 2022-09-30 12226453 c:OrdinaryShareClass1 2022-10-01 2023-09-30 12226453 c:OrdinaryShareClass1 2023-09-30 12226453 c:OrdinaryShareClass1 2022-09-30 12226453 c:FRS102 2022-10-01 2023-09-30 12226453 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12226453 c:FullAccounts 2022-10-01 2023-09-30 12226453 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12226453 6 2022-10-01 2023-09-30 12226453 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12226453









LIBI AND DAUGHTERS ALCHEMY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
LIBI AND DAUGHTERS ALCHEMY LTD
REGISTERED NUMBER: 12226453

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
8
8

  
8
8

Current assets
  

Debtors: amounts falling due within one year
 5 
4,077
2,805

Cash at bank and in hand
 6 
41,271
33,168

  
45,348
35,973

Creditors: amounts falling due within one year
 7 
(808,650)
(521,212)

Net current liabilities
  
 
 
(763,302)
 
 
(485,239)

Total assets less current liabilities
  
(763,294)
(485,231)

Creditors: amounts falling due after more than one year
 8 
(35,788)
(40,342)

  

Net liabilities
  
(799,082)
(525,573)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(799,083)
(525,574)

  
(799,082)
(525,573)


Page 1

 
LIBI AND DAUGHTERS ALCHEMY LTD
REGISTERED NUMBER: 12226453
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2024.




I Szalontay
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LIBI AND DAUGHTERS ALCHEMY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Libi and Daughters Alchemy Ltd is a private company limited by shares and incorporated on 25 September 2019 in England and Wales. The registered office is 101 New Cavendish Street,1st Floor South, London, United Kingdom, W1W 6XH and the registered company number is 12226453.
The financial statements are prepared in Pounds Sterling (GBP), which is the functionaly currency of the company, and presented to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
LIBI AND DAUGHTERS ALCHEMY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

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.

Page 4

 
LIBI AND DAUGHTERS ALCHEMY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
107,793
66,868

Social security costs
6,173
2,065

Cost of defined contribution scheme
1,610
1,612

115,576
70,545


The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
8



At 30 September 2023
8





5.


Debtors

2023
2022
£
£


Trade debtors
4,077
720

Other debtors
-
2,085

4,077
2,805


Page 5

 
LIBI AND DAUGHTERS ALCHEMY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
41,271
33,168

41,271
33,168



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,678
5,569

Trade creditors
-
7,264

Other taxation and social security
12,716
2,610

Other creditors
787,256
503,269

Accruals and deferred income
3,000
2,500

808,650
521,212



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
35,788
40,342

35,788
40,342


Page 6

 
LIBI AND DAUGHTERS ALCHEMY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,678
5,569


5,678
5,569


Amounts falling due 2-5 years

Bank loans
35,788
40,342


35,788
40,342


41,466
45,911



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 7