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REGISTERED NUMBER: 03060606 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ALFATRADE & SERVICES LIMITED

ALFATRADE & SERVICES LIMITED (REGISTERED NUMBER: 03060606)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ALFATRADE & SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: P Pensieri





REGISTERED OFFICE: 10 London Mews
LONDON
W2 1HY





REGISTERED NUMBER: 03060606 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

ALFATRADE & SERVICES LIMITED (REGISTERED NUMBER: 03060606)

STATEMENT OF FINANCIAL POSITION
30 September 2024

30.9.24 30.9.23
Notes $    $    $   
FIXED ASSETS
Investments 4 12,500 12,500

CURRENT ASSETS
Debtors 5 688,264 354,584
Cash at bank 5,284,605 4,931,381
5,972,869 5,285,965
CREDITORS
Amounts falling due within one year 6 3,479,675 2,840,976
NET CURRENT ASSETS 2,493,194 2,444,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,505,694

2,457,489

CAPITAL AND RESERVES
Called up share capital 7 1,500,000 1,500,000
Retained earnings 1,005,694 957,489
SHAREHOLDERS' FUNDS 2,505,694 2,457,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 4 June 2025 and were signed by:





P Pensieri - Director


ALFATRADE & SERVICES LIMITED (REGISTERED NUMBER: 03060606)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Alfatrade & Services Limited 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 represents net invoiced sales of goods and services net of value added tax.

Provision of goods
Revenue from sale of goods are recognised in respect of invoiced goods which have been invoiced and supplied in the period

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, trade and other creditors.

The basic financial instruments are initially recognised at transaction price and subsequently carried at amortised cost.

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 statement of financial position date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ALFATRADE & SERVICES LIMITED (REGISTERED NUMBER: 03060606)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. FIXED ASSET INVESTMENTS
Interest
in
associate
$   
COST
At 1 October 2023
and 30 September 2024 12,500
NET BOOK VALUE
At 30 September 2024 12,500
At 30 September 2023 12,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
$    $   
Trade debtors 653,537 284,905
Other debtors 34,727 69,679
688,264 354,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
$    $   
Trade creditors 981,804 254,562
Tax (394 ) 36,012
Other creditors 2,155,952 2,161,929
Directors' current accounts 139,965 254,733
Accruals and deferred income 202,348 133,740
3,479,675 2,840,976

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: $    $   
909,946 Ordinary $1.65 1,500,000 1,500,000

8. RELATED PARTY DISCLOSURES

Included in other creditors are loans totalling $2,295,917 (2023: $2,410,685) made to the company by a shareholder. The loans are interest free and repayable as and when cashflow allows.