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Registered number: 08051362
S Alavala Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Director Dr S Alavala
Company Number 08051362
Registered Office 94 Brigsley Road
Waltham
Grimsby
South Humberside
DN37 0LA
Accountants Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 1
Page 2
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of S Alavala Limited For The Year Ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S Alavala Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of S Alavala Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of S Alavala Limited and state those matters that we have agreed to state to the director of S Alavala Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S Alavala Limited and its director as a body for our work or for this report.
It is your duty to ensure that S Alavala Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of S Alavala Limited . You consider that S Alavala Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of S Alavala Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
15 January 2025
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 2
Page 3
Balance Sheet
Registered number: 08051362
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,304 12,122
10,304 12,122
CURRENT ASSETS
Debtors 5 9,570 3,890
Cash at bank and in hand 621,816 562,539
631,386 566,429
Creditors: Amounts Falling Due Within One Year 6 (29,813 ) (40,577 )
NET CURRENT ASSETS (LIABILITIES) 601,573 525,852
TOTAL ASSETS LESS CURRENT LIABILITIES 611,877 537,974
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (2,576 ) (3,030 )
NET ASSETS 609,301 534,944
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 609,297 534,940
SHAREHOLDERS' FUNDS 609,301 534,944
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Page 4
For the year ending 30 April 2024 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 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.
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
Dr S Alavala
Director
15 January 2025
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
S Alavala Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08051362 . The registered office is 94 Brigsley Road, Waltham, Grimsby, South Humberside, DN37 0LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% Reducing Balance
2.4. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 17,506
As at 30 April 2024 17,506
Depreciation
As at 1 May 2023 5,384
Provided during the period 1,818
As at 30 April 2024 7,202
Net Book Value
As at 30 April 2024 10,304
As at 1 May 2023 12,122
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,570 3,890
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 6,928 21,802
Taxation and social security 22,885 18,775
29,813 40,577
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,576 3,030
Page 6
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
9. Related Party Transactions
The opening balance on the directors loan account was £20,602. The total debits and credits on the director's loan account were £17,774 (2023 - £3,452) and £2,780 (2023 - £7,853) respectively. The balance at 30 April 2024 was £5,608.
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