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Registration number: 07448500

Alice Made This Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

(filleted for filing purposes)

 

Alice Made This Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Alice Made This Ltd

Company Information

Directors

A R Walsh

E M Walsh

Registered office

Staple Farmhouse Durlock Road
Staple
Canterbury
CT3 1JX

 

Alice Made This Ltd

(Registration number: 07448500)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,102

2,175

Current assets

 

Stocks

5

39,388

46,495

Debtors

6

8,336

39,486

Cash at bank and in hand

 

34,485

62,510

 

82,209

148,491

Creditors: Amounts falling due within one year

7

(33,216)

(25,943)

Net current assets

 

48,993

122,548

Total assets less current liabilities

 

50,095

124,723

Creditors: Amounts falling due after more than one year

7

(4,409)

(14,806)

Net assets

 

45,686

109,917

Capital and reserves

 

Called up share capital

8

1

1

Share premium reserve

424,484

424,484

Other reserves

75,487

75,487

Retained earnings

(454,286)

(390,055)

Shareholders' funds

 

45,686

109,917

 

Alice Made This Ltd

(Registration number: 07448500)
Balance Sheet as at 31 December 2024

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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 accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................
A R Walsh
Director

.........................................
E M Walsh
Director

 

Alice Made This Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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:
Staple Farmhouse Durlock Road
Staple
Canterbury
CT3 1JX
England

These financial statements were authorised for issue by the Board on 13 May 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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

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.

 

Alice Made This Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

straight line over 4 years

Fixture and fittings

straight line over 4 years

Office equipment

straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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 recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Alice Made This Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

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 and 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.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

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.

Share based payments

The company operates an equity-settled compensation plan. The fair value of the services received in
exchange for the grant of the options is recognised as an expense in the income statement. The total
amount to be expensed over the vesting period is determined by reference to the fair value of the
options granted, excluding the impact of any non-market vesting conditions (for example, profitability
and sales growth targets). Non-market vesting conditions are included in assumptions about the number
of options that are expected to vest. At each statement of financial position date, the entity revises its
estimates of the number of options that are expected to vest. It recognises the impact of the revision to
original estimates, if any, in the income statement. The credit entry is taken to reserves because the
share options are equity-settled.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Alice Made This Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

1,240

5,956

7,354

14,550

Additions

-

-

1,279

1,279

Disposals

(113)

-

-

(113)

At 31 December 2024

1,127

5,956

8,633

15,716

Depreciation

At 1 January 2024

1,240

5,956

5,179

12,375

Charge for the year

-

-

2,352

2,352

Eliminated on disposal

(113)

-

-

(113)

At 31 December 2024

1,127

5,956

7,531

14,614

Carrying amount

At 31 December 2024

-

-

1,102

1,102

At 31 December 2023

-

-

2,175

2,175

5

Stocks

2024
£

2023
£

Other inventories

39,388

46,495

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,200

30,340

Prepayments

3,599

2,723

Other debtors

3,537

6,423

 

8,336

39,486

 

Alice Made This Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

9

10,397

10,140

Trade creditors

 

4,370

9,410

Taxation and social security

 

4,966

2,750

Other creditors

 

13,483

3,643

 

33,216

25,943

Due after one year

 

Loans and borrowings

9

4,409

14,806

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

4,409

14,806

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £0.00 each

14,771

1

14,771

1

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

4,409

14,806

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,397

10,140

 

Alice Made This Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

Repayments by director
£

At 31 December 2024
£

A R Walsh

Overdrawn Director loan account

3,346

(1,321)

2,025

       
     

 

2023

At 1 January 2023
£

Repayments by director
£

At 31 December 2023
£

A R Walsh

Overdrawn Director loan account

4,479

(1,133)

3,346