Company registration number 12822895 (England and Wales)
ALEXIAM SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ALEXIAM SOLUTIONS LIMITED
COMPANY INFORMATION
Director
G W Fletcher
Company number
12822895
Registered office
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
West Midlands
England
B62 8DY
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
ALEXIAM SOLUTIONS LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 6
ALEXIAM SOLUTIONS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF ALEXIAM SOLUTIONS LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alexiam Solutions Limited for the year ended 31 August 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Alexiam Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 5 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Alexiam Solutions Limited and state those matters that we have agreed to state to the board of directors of Alexiam Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alexiam Solutions Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Alexiam Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alexiam Solutions Limited. You consider that Alexiam Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alexiam Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
25 November 2024
ALEXIAM SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024
31 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
209,061
211,099
Current assets
Debtors
354
-
0
Cash at bank and in hand
9,011
485
9,365
485
Creditors: amounts falling due within one year
4
(31,818)
(25,137)
Net current liabilities
(22,453)
(24,652)
Total assets less current liabilities
186,608
186,447
Creditors: amounts falling due after more than one year
5
(173,395)
(176,610)
Provisions for liabilities
(1,868)
(2,377)
Net assets
11,345
7,460
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
11,245
7,360
Total equity
11,345
7,460
ALEXIAM SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 3 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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.

The financial statements were approved and signed by the director and authorised for issue on 25 November 2024
G W Fletcher
Director
Company registration number 12822895 (England and Wales)
ALEXIAM SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
1
Accounting policies
Company information

Alexiam Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, West Midlands, England, B62 8DY.

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
Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Freehold land and buildings
0%
Plant and equipment
15% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
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 income statement 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.

ALEXIAM SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
201,590
13,583
215,173
Depreciation and impairment
At 1 September 2023
-
0
4,074
4,074
Depreciation charged in the year
-
0
2,038
2,038
At 31 August 2024
-
0
6,112
6,112
Carrying amount
At 31 August 2024
201,590
7,471
209,061
At 31 August 2023
201,590
9,509
211,099
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
6
10,301
7,616
Corporation tax
1,323
54
Other taxation and social security
-
0
306
Other creditors
15,326
11,511
Accruals and deferred income
4,868
5,650
31,818
25,137
5
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
6
66,395
69,610
Other borrowings
6
107,000
107,000
173,395
176,610
ALEXIAM SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
6
Loans and overdrafts
2024
2023
£
£
Bank loans
76,696
77,226
Loans from group undertakings and related parties
107,000
107,000
183,696
184,226
Payable within one year
10,301
7,616
Payable after one year
173,395
176,610

The bank loan is secured by a fixed charge, in favour of Barclays Bank Limited, over the property known as Unit 8 Park Plaza, Battlefield Enterprise Park, Shrewsbury dated 26 February 2021.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
2024-08-312023-09-01falsefalsefalse25 November 2024CCH SoftwareCCH Accounts Production 2024.310No description of principal activityG W Fletcher128228952023-09-012024-08-3112822895bus:Director12023-09-012024-08-3112822895bus:RegisteredOffice2023-09-012024-08-31128228952024-08-31128228952023-08-3112822895core:LandBuildingscore:OwnedOrFreeholdAssets2024-08-3112822895core:PlantMachinery2024-08-3112822895core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-3112822895core:PlantMachinery2023-08-3112822895core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3112822895core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3112822895core:Non-currentFinancialInstrumentscore:AfterOneYear2024-08-3112822895core:Non-currentFinancialInstrumentscore:AfterOneYear2023-08-3112822895core:CurrentFinancialInstruments2024-08-3112822895core:CurrentFinancialInstruments2023-08-3112822895core:Non-currentFinancialInstruments2024-08-3112822895core:Non-currentFinancialInstruments2023-08-3112822895core:ShareCapital2024-08-3112822895core:ShareCapital2023-08-3112822895core:RetainedEarningsAccumulatedLosses2024-08-3112822895core:RetainedEarningsAccumulatedLosses2023-08-3112822895core:LandBuildingscore:OwnedOrFreeholdAssets2023-09-012024-08-3112822895core:PlantMachinery2023-09-012024-08-31128228952022-09-012023-08-3112822895core:LandBuildingscore:OwnedOrFreeholdAssets2023-08-3112822895core:PlantMachinery2023-08-31128228952023-08-3112822895bus:PrivateLimitedCompanyLtd2023-09-012024-08-3112822895bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3112822895bus:FRS1022023-09-012024-08-3112822895bus:AuditExemptWithAccountantsReport2023-09-012024-08-3112822895bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP