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REGISTERED NUMBER: 13403749 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Alem Ltd

Alem Ltd (Registered number: 13403749)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Alem Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Muzzio





REGISTERED OFFICE: The Old Stables 
Sutton Manor Farm
Bishop's Sutton
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: 13403749 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Alem Ltd (Registered number: 13403749)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 175,000 175,000
Debtors 4 87,901 89,153
Cash at bank 3,318 39,757
266,219 303,910
CREDITORS
Amounts falling due within one year 5 265,557 271,457
NET CURRENT ASSETS 662 32,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

662

32,453

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 562 32,353
SHAREHOLDERS' FUNDS 662 32,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2025 and were signed by:





A Muzzio - Director


Alem Ltd (Registered number: 13403749)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Alem Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost or net realisable value at the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Alem Ltd (Registered number: 13403749)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 79,000 79,000
Tax 7,457 -
VAT 1,444 -
Prepayments - 10,153
87,901 89,153

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,039 913
Tax - 7,589
Other creditors (17 ) -
Directors' current accounts 262,035 261,515
Accrued expenses 1,500 1,440
265,557 271,457

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

7. RELATED PARTY DISCLOSURES

Mr A Muzzio
Director and shareholder

At the balance sheet date, £262,035 (2023: £261,515) was owed to Mr A Muzzio by the company. This loan is unsecured and interest free.