Registered number
03773506
Alexika Limited
Unaudited Filleted Accounts
30 September 2024
Alexika Limited
Registered number: 03773506
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 77 292
Current assets
Debtors 5 36,556 36,250
Cash at bank and in hand 141,099 129,716
177,655 165,966
Creditors: amounts falling due within one year 6 (27,665) (23,680)
Net current assets 149,990 142,286
Net assets 150,067 142,578
Capital and reserves
Called up share capital 50 50
Share premium 50 50
Profit and loss account 149,967 142,478
Shareholder's funds 150,067 142,578
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MJ Robinson
Director
Approved by the board on 15 December 2024
Alexika Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and office equipment over 4 years
Website over 4 years
Software over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 70,000
At 30 September 2024 70,000
Amortisation
At 1 October 2023 70,000
At 30 September 2024 70,000
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Office & computer equipment
£
Cost
At 1 October 2023 24,880
At 30 September 2024 24,880
Depreciation
At 1 October 2023 24,588
Charge for the year 215
At 30 September 2024 24,803
Net book value
At 30 September 2024 77
At 30 September 2023 292
5 Debtors 2024 2023
£ £
Trade debtors 34,117 31,760
Other debtors 2,439 4,490
36,556 36,250
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,994 5,634
Director's loan account 2,924 6,776
Taxation and social security costs 17,897 10,445
Other creditors 850 825
27,665 23,680
7 Controlling party
The company is controlled by MJ Robinson by virtue of his ownership of 100% of the issued share capital of the company.
8 Other information
Alexika Limited is a private company limited by shares and incorporated in England. Its registered office is:
Harden Coach House
Clapham Road, Austwick
Lancaster
LA2 8BQ
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