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REGISTERED NUMBER: 04157769 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Alcium Software Limited

Alcium Software Limited (Registered number: 04157769)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Alcium Software Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J Williams
K Grimshaw





REGISTERED OFFICE: Alcium House
6b Churchill Way
Chapeltown
Sheffield
S35 2PY





REGISTERED NUMBER: 04157769 (England and Wales)





ACCOUNTANTS: Brockhurst Davies Limited
11 The Office Village
North Road
Loughborough
Leicestershire
LE11 1QJ

Alcium Software Limited (Registered number: 04157769)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,857 19,456
10,857 19,456

CURRENT ASSETS
Stocks - 12,500
Debtors 196,633 194,719
Cash at bank 953,571 738,186
1,150,204 945,405
CREDITORS
Amounts falling due within one year 452,431 260,835
NET CURRENT ASSETS 697,773 684,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,630

704,026

CAPITAL AND RESERVES
Called up share capital 10,030 10,030
Capital redemption reserve 10,001 10,001
Retained earnings 688,599 683,995
SHAREHOLDERS' FUNDS 708,630 704,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Alcium Software Limited (Registered number: 04157769)

Abridged Balance Sheet - continued
29 February 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





K Grimshaw - Director


Alcium Software Limited (Registered number: 04157769)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Alcium Software 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.

Turnover
Turnover represents the value, net of value added tax and discounts of goods provided to customers and work carried out in respect of services provided to customers. Turnover in respect of goods and some services is included when invoiced and other services are recognised over the period to which the supply is made, excluding value added tax.

Intellectual property
Intellectual property is only recognised on the Balance Sheet if it is purchased intellectual property. The value has been amortised over the useful economic life of 5 years.

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

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the cost attributable to bringing the asset to its working condition for its intended use. Depreciation is charged on a straight line basis at rates calculated to write down assets to estimated residual value over their expected useful life as follows:

Long leasehold- 10% on cost
Plant and machinery- 50% on cost and 25% on cost
Motor vehicles- 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Alcium Software Limited (Registered number: 04157769)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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

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 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 March 2023
and 29 February 2024 20,000
AMORTISATION
At 1 March 2023
and 29 February 2024 20,000
NET BOOK VALUE

At 29 February 2024 -
At 28 February 2023 -

Alcium Software Limited (Registered number: 04157769)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 March 2023 276,581
Additions 1,801
At 29 February 2024 278,382
DEPRECIATION
At 1 March 2023 257,125
Charge for year 10,400
At 29 February 2024 267,525
NET BOOK VALUE
At 29 February 2024 10,857
At 28 February 2023 19,456