Company Registration No. 06617519 (England and Wales)
Alchemistico Limited
Unaudited accounts
for the year ended 31 December 2023
Alchemistico Limited
Unaudited accounts
Contents
Alchemistico Limited
Company Information
for the year ended 31 December 2023
Director
Nicholas Jan Wiszowaty
Company Number
06617519 (England and Wales)
Registered Office
9 Bonhill Street
London
EC2A 4DJ
Alchemistico Limited
Statement of financial position
as at 31 December 2023
Investments
140,345
153,645
Cash at bank and in hand
7,186
6,398
Creditors: amounts falling due within one year
(340,128)
(399,816)
Net current liabilities
(191,471)
(392,574)
Net liabilities
(51,126)
(57,600)
Called up share capital
57
57
Capital redemption reserve
43
43
Profit and loss account
(51,226)
(57,700)
Shareholders' funds
(51,126)
(57,600)
For the year ending 31 December 2023 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 29 January 2025 and were signed on its behalf by
Nicholas Jan Wiszowaty
Director
Company Registration No. 06617519
Alchemistico Limited
Notes to the Accounts
for the year ended 31 December 2023
Alchemistico Limited is a private company, limited by shares, registered in England and Wales, registration number 06617519. The registered office is 9 Bonhill Street, London, EC2A 4DJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
over four years
Correction of Prior Period Error
During the preparation of the financial statements for the year ended 31 December 2023 it was identified that the amounts previously reported as 'Shares in participating interest' of £259,029 and an 'Investment in participating interest' of £2,571 in the prior year’s financial statements were incorrectly recorded as being funded by the company.
These amounts were, in fact, made by the director of the company and should have been accounted for in the director loan account.
This error has been corrected by restating the comparative figures for the prior year, as outlined below:
Impact on the Financial Statements
The financial impact of this correction is summarised as follows:
The Loan to Subsidiary reported under Fixed Asset Investment has been reduced by £259,029.
The Shares in participating interest reported under Fixed Asset Investment has been reduced by £2,571.
The corresponding adjustment has been made to the Director’s Loan Account, which has increased by £261,600 in Liabilities.
There is no impact on the Statement of Comprehensive Income for the prior year, as these transactions did not affect the company’s income or expenses.
The company acquired the business of Silkwood Silk during the year. The value has been impaired due to uncertainty over its future.
Alchemistico Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
100,000
102,411
202,411
Disposals
-
(97,661)
(97,661)
Transfer to investment property
(100,000)
-
(100,000)
At 31 December 2023
-
4,750
4,750
At 1 January 2023
-
21,082
21,082
Charge for the year
-
14,187
14,187
On disposals
-
(30,519)
(30,519)
At 31 December 2023
-
4,750
4,750
At 31 December 2022
100,000
81,329
181,329
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Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 January 2023
2,571
151,074
153,645
Disposals
-
(13,300)
(13,300)
Valuation at 31 December 2023
2,571
137,774
140,345
Amounts falling due within one year
Accrued income and prepayments
23,846
844
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
70,833
Other creditors
334,593
329,071
Alchemistico Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Post balance sheet events
Reclassification of Land from Fixed Assets to Stock
During the year, the company held land valued at £100,000, which was classified under Fixed Assets (Property, Plant, and Equipment).
Subsequent to the year-end, the company obtained planning permission to develop a property on the land. As a result, the land no longer meets the definition of a fixed asset, as it is now intended for development and sale.
In accordance with IAS 2 (Inventories) / FRS 102 Section 13 (Inventories), the land has been reclassified from Fixed Assets to Stock in the post-balance sheet period.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).