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Registered number: 14434664
Alchemist Technologies Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14434664
31 December 2024 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 544 57
Cash at bank and in hand 102,559 12,291
103,103 12,348
Creditors: Amounts Falling Due Within One Year 5 (82,125 ) (11,558 )
NET CURRENT ASSETS (LIABILITIES) 20,978 790
TOTAL ASSETS LESS CURRENT LIABILITIES 20,978 790
NET ASSETS 20,978 790
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 20,878 690
SHAREHOLDERS' FUNDS 20,978 790
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For the year ending 31 December 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gurjeet Sarang
Director
6 May 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alchemist Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14434664 . The registered office is Oak Tree House, 408 Oakwood Lane, Leeds, West Yorkshire, LS8 3LG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 318 -
Amounts owed by participating interests 226 -
Other debtors - 57
544 57
5. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 1 157
Amounts owed to participating interests 76,208 10,816
Other creditors 325 325
Taxation and social security 5,591 260
82,125 11,558
6. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
At the balance sheet date, the company owed £76,208 (2023: £10,816) to Titan Technologies Ltd, was owed £118 from iPharm Solutions Ltd and £108 from QNTM Investments Ltd, all companies under control of the director. 
There were no other related party transactions such as are required to be disclosed under Financial Reporting Standard 102 (Section 1A). 
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