Company Registration No. 08420078 (England and Wales)
Alfresco Solutions Europe Ltd
Unaudited accounts
for the year ended 29 February 2024
Alfresco Solutions Europe Ltd
Unaudited accounts
Contents
Alfresco Solutions Europe Ltd
Company Information
for the year ended 29 February 2024
Company Number
08420078 (England and Wales)
Registered Office
THE OLD BARN WORKS
FLUX'S LANE
EPPING
ESSEX
CM16 7PE
Accountants
Total Accounting Solutions Limited
68 Habgood Road
Loughton
Essex
IG10 1HE
Alfresco Solutions Europe Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
1,647
3,297
Tangible assets
36,543
65,835
Inventories
142,000
129,000
Cash at bank and in hand
-
41,935
Creditors: amounts falling due within one year
(231,550)
(224,200)
Net current assets
16,807
86,144
Total assets less current liabilities
54,997
155,276
Creditors: amounts falling due after more than one year
(12,500)
(40,544)
Provisions for liabilities
Deferred tax
(3,978)
(8,043)
Called up share capital
1
1
Profit and loss account
38,518
106,688
Shareholders' funds
38,519
106,689
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
O Jones-Chapman
Director
Company Registration No. 08420078
Alfresco Solutions Europe Ltd
Notes to the Accounts
for the year ended 29 February 2024
Alfresco Solutions Europe Ltd is a private company, limited by shares, registered in England and Wales, registration number 08420078. The registered office is THE OLD BARN WORKS, FLUX'S LANE, EPPING, ESSEX, CM16 7PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Alfresco Solutions Europe Ltd
Notes to the Accounts
for the year ended 29 February 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
At 29 February 2024
209,007
Charge for the year
45,205
At 29 February 2024
172,464
At 29 February 2024
36,543
At 28 February 2023
65,835
Amounts falling due within one year
Trade debtors
55,200
47,862
Accrued income and prepayments
51,157
91,547
Alfresco Solutions Europe Ltd
Notes to the Accounts
for the year ended 29 February 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
52,940
17,900
Obligations under finance leases and hire purchase contracts
18,044
10,607
Trade creditors
28,000
30,000
Taxes and social security
91,476
158,757
Other creditors
39,223
5,546
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
18,044
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).