Ali-A Entertainment Limited
Unaudited Financial Statements
For the year ended 31 January 2024
Pages for Filing with Registrar
Company Registration No. 07796606 (England and Wales)
Ali-A Entertainment Limited
Company Information
Director
Mr A Aiken
Company number
07796606
Registered office
The Lindens
3 Willingham Road
Lea
Gainsborough
DN21 5EH
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Ali-A Entertainment Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Ali-A Entertainment Limited
Balance Sheet
As at 31 January 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,459
2,719
Investments
4
2,963,470
2,877,470
2,966,929
2,880,189
Current assets
Debtors
6
3,115,101
980,740
Cash at bank and in hand
5,033,054
5,759,691
8,148,155
6,740,431
Creditors: amounts falling due within one year
7
(975,587)
(2,790,784)
Net current assets
7,172,568
3,949,647
Net assets
10,139,497
6,829,836
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
10,139,397
6,829,736
Total equity
10,139,497
6,829,836
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ali-A Entertainment Limited
Balance Sheet (Continued)
As at 31 January 2024
Page 2
The financial statements were approved and signed by the director and authorised for issue on 20 January 2025
Mr A Aiken
Director
Company Registration No. 07796606
Ali-A Entertainment Limited
Notes to the Financial Statements
For the year ended 31 January 2024
Page 3
1
Accounting policies
Company information
Ali-A Entertainment Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Lindens, 3 Willingham Road, Lea, Gainsborough, DN21 5EH.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
3 years straight line
Computer equipment
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
Ali-A Entertainment Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2024
1
Accounting policies
(Continued)
Page 4
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.6
Cash and cash equivalents
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.8
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Ali-A Entertainment Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2024
1
Accounting policies
(Continued)
Page 5
1.10
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
Ali-A Entertainment Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2024
Page 6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023
16,121
Additions
3,775
At 31 January 2024
19,896
Depreciation and impairment
At 1 February 2023
13,402
Depreciation charged in the year
3,035
At 31 January 2024
16,437
Carrying amount
At 31 January 2024
3,459
At 31 January 2023
2,719
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,874,981
1,874,981
Other investments other than loans
1,088,489
1,002,489
2,963,470
2,877,470
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 February 2023
1,874,981
1,002,489
2,877,470
Additions
-
86,000
86,000
At 31 January 2024
1,874,981
1,088,489
2,963,470
Carrying amount
At 31 January 2024
1,874,981
1,088,489
2,963,470
At 31 January 2023
1,874,981
1,002,489
2,877,470
Ali-A Entertainment Limited
Notes to the Financial Statements (Continued)
For the year ended 31 January 2024
Page 7
5
Subsidiaries
Details of the company's subsidiaries at 31 January 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Ali-A Entertainment Trading Limited
United Kingdom
Ordinary
100.00
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
376,157
127,043
Other debtors
2,695,980
805,721
Prepayments and accrued income
42,964
47,976
3,115,101
980,740
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
29,844
44,182
Corporation tax
555,418
965,676
Other taxation and social security
316,796
257,892
Other creditors
-
1,456,784
Accruals and deferred income
73,529
66,250
975,587
2,790,784
8
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
9
Related party transactions
Included in other debtors is an amount of £360,421 (2023: £211,421) due from Laurel Bank Services Limited, a company with common directorship,
10
Controlling party
The company has been under the control of the director for the period.