Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 07294943 Miss K M Clayton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07294943 2022-11-30 07294943 2023-11-30 07294943 2022-12-01 2023-11-30 07294943 frs-core:CurrentFinancialInstruments 2023-11-30 07294943 frs-core:ComputerEquipment 2023-11-30 07294943 frs-core:ComputerEquipment 2022-12-01 2023-11-30 07294943 frs-core:ComputerEquipment 2022-11-30 07294943 frs-core:FurnitureFittings 2023-11-30 07294943 frs-core:FurnitureFittings 2022-12-01 2023-11-30 07294943 frs-core:FurnitureFittings 2022-11-30 07294943 frs-core:ShareCapital 2023-11-30 07294943 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 07294943 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07294943 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 07294943 frs-bus:SmallEntities 2022-12-01 2023-11-30 07294943 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07294943 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07294943 frs-bus:Director1 2022-12-01 2023-11-30 07294943 frs-core:CurrentFinancialInstruments 1 2023-11-30 07294943 frs-core:CurrentFinancialInstruments 2 2023-11-30 07294943 frs-countries:EnglandWales 2022-12-01 2023-11-30 07294943 2021-11-30 07294943 2022-11-30 07294943 2021-12-01 2022-11-30 07294943 frs-core:CurrentFinancialInstruments 2022-11-30 07294943 frs-core:ShareCapital 2022-11-30 07294943 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 07294943 frs-core:CurrentFinancialInstruments 1 2022-11-30 07294943 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 07294943
Alike Trading Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Goldwyns London LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07294943
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,476 20,313
6,476 20,313
CURRENT ASSETS
Stocks 5 6,400 6,400
Debtors 6 49,193 72,425
Cash at bank and in hand 17,632 82,383
73,225 161,208
Creditors: Amounts Falling Due Within One Year 7 (205,304 ) (205,908 )
NET CURRENT ASSETS (LIABILITIES) (132,079 ) (44,700 )
TOTAL ASSETS LESS CURRENT LIABILITIES (125,603 ) (24,387 )
NET LIABILITIES (125,603 ) (24,387 )
CAPITAL AND RESERVES
Called up share capital 8 15,000 1
Profit and Loss Account (140,603 ) (24,388 )
SHAREHOLDERS' FUNDS (125,603) (24,387)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss K M Clayton
Director
30/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alike Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07294943 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment 33.33% Straight line
Computer Equipment 33.33% Straight line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. 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 statement of financial position date.
2.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.9. Critical Accounting Judgements and Key Sources of Estimation Uncerainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2022: 26)
26 26
4. Tangible Assets
Fixtures, fittings and equipment Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 91,395 13,403 104,798
Additions 9,713 - 9,713
As at 30 November 2023 101,108 13,403 114,511
Depreciation
As at 1 December 2022 71,082 13,403 84,485
Provided during the period 23,550 - 23,550
As at 30 November 2023 94,632 13,403 108,035
Net Book Value
As at 30 November 2023 6,476 - 6,476
As at 1 December 2022 20,313 - 20,313
5. Stocks
2023 2022
£ £
Finished goods 6,400 6,400
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,184 3,160
Prepayments and accrued income 31,630 39,741
Other debtors 10,593 8,005
Amounts owed by related parties 4,786 21,519
49,193 72,425
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 58,235 37,506
Bank loans and overdrafts 28,973 39,645
Corporation tax 11,539 11,539
Other taxes and social security 31,437 9,526
VAT 30,578 44,809
Net wages 2,754 -
Other creditors 2,511 -
Accruals and deferred income 28,361 35,450
Director's loan account 10,238 26,130
Amounts owed to related parties 678 1,303
205,304 205,908
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 15,000 1
During the year, the company issued 14,999 Ordinary shares for the nominal value of £1 per share. As at the year end, there are 15,000 Ordinary shares in issue.
9. Related Party Transactions
As at the year-end, the directors' loan account balance of Miss K M Clayton is £10,238. This amount is a current liability, interest free and repayable on demand.
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