Registered number
11502535
Alchemist Designs Ltd
Filleted Accounts
31 August 2024
Alchemist Designs Ltd
Registered number: 11502535
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,687 8,107
Current assets
Debtors 4 - 4,100
Cash at bank and in hand 6,636 9,104
6,636 13,204
Creditors: amounts falling due within one year 5 (8,288) (6,969)
Net current (liabilities)/assets (1,652) 6,235
Total assets less current liabilities 9,035 14,342
Creditors: amounts falling due after more than one year 6 (3,065) (5,681)
Net assets 5,970 8,661
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,969 8,660
Shareholder's funds 5,970 8,661
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Hughes
Director
Approved by the board on 28 May 2025
Alchemist Designs Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 20,701
Additions 8,448
Disposals (4,099)
At 31 August 2024 25,050
Depreciation
At 1 September 2023 12,594
Charge for the year 3,563
On disposals (1,794)
At 31 August 2024 14,363
Net book value
At 31 August 2024 10,687
At 31 August 2023 8,107
4 Debtors 2024 2023
£ £
Trade debtors - 4,100
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 4,645 5,297
Other creditors 3,643 1,672
8,288 6,969
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,065 5,681
7 Other information
Alchemist Designs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Winderton
Banbury
Oxfordshire
OX15 5JG
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