Company Registration No. 13014642 (England and Wales)
A1CO LTD
Unaudited accounts
for the year ended 30 November 2023
A1CO LTD
Unaudited accounts
Contents
A1CO LTD
Company Information
for the year ended 30 November 2023
Company Number
13014642 (England and Wales)
Registered Office
Capital Office
124-128 City Road
London
London
EC1V 2NX
England
Accountants
Addition Financial Limited
Addition at
1 Lyric Square
Hammersmith
London
W6 0NB
A1CO LTD
Statement of financial position
as at 30 November 2023
Intangible assets
14,911
17,571
Tangible assets
11,704
8,638
Inventories
112,908
49,477
Cash at bank and in hand
251,177
639,175
Creditors: amounts falling due within one year
(215,438)
(15,721)
Net current assets
257,392
715,705
Total assets less current liabilities
284,007
741,914
Creditors: amounts falling due after more than one year
(89,000)
(89,000)
Net assets
195,007
652,914
Called up share capital
14
14
Share premium
863,823
863,823
Profit and loss account
(668,830)
(210,923)
Shareholders' funds
195,007
652,914
For the year ending 30 November 2023 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 19 November 2024 and were signed on its behalf by
Mark Wong
Director
Company Registration No. 13014642
A1CO LTD
Notes to the Accounts
for the year ended 30 November 2023
A1CO LTD is a private company, limited by shares, registered in England and Wales, registration number 13014642. The registered office is Capital Office, 124-128 City Road, London, London, EC1V 2NX, England.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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, 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.
A1CO LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Intangible fixed assets
Other
At 30 November 2023
20,672
At 30 November 2023
14,911
At 30 November 2022
17,571
5
Tangible fixed assets
Plant & machinery
At 30 November 2023
15,488
At 30 November 2023
11,704
Amounts falling due within one year
Trade debtors
53,899
14,583
Accrued income and prepayments
-
2,565
Other debtors
40,536
19,309
A1CO LTD
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
27,967
-
Trade creditors
182,547
15,288
Taxes and social security
4,615
433
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
89,000
89,000
9
Average number of employees
During the year the average number of employees was 6 (2022: 4).