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Registration number: 14019212 (England and Wales)

Alchemy Techsol (UK) Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2024 to 28 February 2025

 

Alchemy Techsol (UK) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Alchemy Techsol (UK) Limited

Company Information

Directors

Mrs Diksha Ahuja

Mrs Shilpi Sarkar Basu

Registered office

Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

Accountants

KNAV Limited
Chartered AccountantsHygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Alchemy Techsol (UK) Limited
for the Period Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alchemy Techsol (UK) Limited for the period ended 28 February 2025 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Alchemy Techsol (UK) 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 financial statements of Alchemy Techsol (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Alchemy Techsol (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alchemy Techsol (UK) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alchemy Techsol (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Alchemy Techsol (UK) Limited. You consider that Alchemy Techsol (UK) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Alchemy Techsol (UK) 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 statutory financial statements.

............................................................................

KNAV Limited
Chartered Accountants
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE

20 March 2025

 

Alchemy Techsol (UK) Limited

(Registration number: 14019212) (England and Wales)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

10,478

10,420

Cash at bank and in hand

 

2,282

1,183

 

12,760

11,603

Creditors: Amounts falling due within one year

5

(14,185)

(9,818)

Net (liabilities)/assets

 

(1,425)

1,785

Capital and reserves

 

Called up share capital

6

10,000

10,000

Retained earnings

(11,425)

(8,215)

Shareholders' (deficit)/funds

 

(1,425)

1,785

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
Mrs Diksha Ahuja
Director

   
     
 

Alchemy Techsol (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

The company has positive net current assets and positive shareholder funds as at 31 March 2024. On the basis of their assessment of the Company's financial position, the Company's director has a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future, being a period of not less than twelve months from the approval of these financial statements. Further, the ultimate parent company, Alchemy Techsol India Pvt Ltd, has confirmed that it will continue to provide financial support and honour the company's obligations as they arise, if required.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Alchemy Techsol (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

2

Accounting policies (continued)

Financial instruments
i. Financial assets
Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method, unless they are receivable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be received.

At the end of each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occuring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

ii. Financial liabilities
Basic financial liabilities, including trade and other creditors, and amounts due from fellow group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, unless they are payable within one year. In these instances, assets are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid.

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit or Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest
method and is included in interest payable and similar charges. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

 

Alchemy Techsol (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

3

Staff numbers

The average monthly number of persons employed by the company (including directors) during the period, was 2 (2024: 2).

4

Debtors

Note

2025
£

2024
£

Amounts owed by related parties

7

10,000

10,000

Other debtors

 

478

120

Prepayments

 

-

300

 

10,478

10,420

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

-

240

Amounts owed to group undertakings

7

14,185

5,128

Accruals and deferred income

 

-

4,450

 

14,185

9,818

 

Alchemy Techsol (UK) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

6

Share capital

Allotted and called up shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

       

As of the reporting date, £10,000 of called-up share capital remains unpaid by the ultimate parent company. This amount is recognised as being receivable within debtors (note 4).

7

Related party transactions

The Company has taken advantage of the exemptions available in FRS 102 1A from disclosing related party transactions and balances with other companies that are wholly owned within the Group.

8

Parent and ultimate parent undertaking

The company's immediate and ultimate parent is Alchemy Techsol India Private Limited, incorporated in India.

  These financial statements are available upon request from The smallest and the largest group for which consolidated financial statements are prepared, is that group headed by the ultimate parent undertaking, Alchemy Techsol India Private Limited. Copies of these accounts can be obtained from Padmavathi Complex, 81/1, 80 Feet Rd, Koramangala 8th Block, Koramangala, Bengaluru, Karnataka 560095