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Company No: 00730337 (England and Wales)

EDITIONS ALECTO LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

EDITIONS ALECTO LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

EDITIONS ALECTO LIMITED

BALANCE SHEET

As at 31 October 2024
EDITIONS ALECTO LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Current assets
Stocks 58,017 60,301
Debtors 3 313 46
Cash at bank and in hand 25,473 28,293
83,803 88,640
Creditors: amounts falling due within one year 4 ( 234,144) ( 245,242)
Net current liabilities (150,341) (156,602)
Total assets less current liabilities (150,341) (156,602)
Net liabilities ( 150,341) ( 156,602)
Capital and reserves
Called-up share capital 5 499,296 499,296
Share premium account 1,310,113 1,310,113
Profit and loss account ( 1,959,750 ) ( 1,966,011 )
Total shareholders' deficit ( 150,341) ( 156,602)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Editions Alecto Limited (registered number: 00730337) were approved and authorised for issue by the Board of Directors on 21 March 2025. They were signed on its behalf by:

Mr J G Studholme
Director
EDITIONS ALECTO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
EDITIONS ALECTO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Editions Alecto Limited (the Company) is a private company limited by share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:

The Court House
Lower Woodford
Salisbury
SP4 6NQ
United Kingdom

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 section 1A, and the Companies Act 2006.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are
retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Turnover

Turnover represents the value of goods sold during the year, net of Value Added Tax and trade discounts, the fair value of services provided under contracts with customers to the extent that there is a right to consideration, and royalties receivable.

Turnover from sale of goods is recognised when goods are physically delivered to the customer.

Deliveries that did not have a corresponding invoice at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Turnover from services under contracts is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included in Amounts recoverable on contracts in the balance sheet.

Employee benefits

Defined benefit schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in
the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stock is reduced each year to represent any decrease in realisable sales price.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors
• Cash and bank balances

All financial instruments are classified as basic.

The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party , or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of cash or consideration expected to be paid or received, after taking account of impairment adjustments.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2024 2023
£ £
Trade debtors 313 1
Other debtors 0 45
313 46

4. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 32 0
Other creditors 234,112 245,242
234,144 245,242

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4,108,422 Ordinary A shares of £ 0.10 each 410,842 410,842
786,256 Ordinary B shares of £ 0.10 each 78,626 78,626
489,468 489,468
98,282 Preference Shares shares of £ 0.10 each 9,828 9,828
499,296 499,296