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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
Page
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Alfresco Solutions Europe Ltd Company Information for the year ended 29 February 2024
Director
O Jones-Chapman
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
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Alfresco Solutions Europe Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,647 
3,297 
Tangible assets
36,543 
65,835 
38,190 
69,132 
Current assets
Inventories
142,000 
129,000 
Debtors
106,357 
139,409 
Cash at bank and in hand
- 
41,935 
248,357 
310,344 
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)
Net assets
38,519 
106,689 
Capital and reserves
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
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Alfresco Solutions Europe Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Turnover
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
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
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.
Deferred taxation
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.
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Alfresco Solutions Europe Ltd Notes to the Accounts for the year ended 29 February 2024
Leased assets
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 
£ 
Cost
At 1 March 2023
8,247 
At 29 February 2024
8,247 
Amortisation
At 1 March 2023
4,950 
Charge for the year
1,650 
At 29 February 2024
6,600 
Net book value
At 29 February 2024
1,647 
At 28 February 2023
3,297 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
193,094 
Additions
15,913 
At 29 February 2024
209,007 
Depreciation
At 1 March 2023
127,259 
Charge for the year
45,205 
At 29 February 2024
172,464 
Net book value
At 29 February 2024
36,543 
At 28 February 2023
65,835 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,200 
47,862 
Accrued income and prepayments
51,157 
91,547 
106,357 
139,409 
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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 
Accruals
1,867 
1,390 
231,550 
224,200 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,500 
22,500 
Obligations under finance leases and hire purchase contracts
- 
18,044 
12,500 
40,544 
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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