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Registered number: 03819701
Allicin International Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
C-Bas Accountancy & Taxation Services Ltd
135 Church Road
Cheriton
Folkestone
Kent
CT20 3ER
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03819701
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,717 13,320
Tangible Assets 5 306,980 306,980
318,697 320,300
CURRENT ASSETS
Stocks 6 28,675 26,300
Debtors 7 128,434 127,316
Cash at bank and in hand 2,869,872 2,595,547
3,026,981 2,749,163
Creditors: Amounts Falling Due Within One Year 8 (455,235 ) (183,190 )
NET CURRENT ASSETS (LIABILITIES) 2,571,746 2,565,973
TOTAL ASSETS LESS CURRENT LIABILITIES 2,890,443 2,886,273
Creditors: Amounts Falling Due After More Than One Year 9 (210,540 ) (210,540 )
NET ASSETS 2,679,903 2,675,733
CAPITAL AND RESERVES
Called up share capital 11 34 34
Capital redemption reserve 66 66
Profit and Loss Account 2,679,803 2,675,633
SHAREHOLDERS' FUNDS 2,679,903 2,675,733
Page 1
Page 2
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 member has 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 N Bennett
Director
23/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Allicin International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03819701 . The registered office is Half House, Military Road, Rye, East Sussex, TN31 7NY.
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 from the rendering of services. Turnover 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
Intangible Assets are amortised at a rate of 15% on a Reducing Balance Basis
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
The director confirms that the value is true for the property and no depreciation is required
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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
2Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 70,878
As at 31 December 2024 70,878
Amortisation
As at 1 January 2024 57,558
Provided during the period 1,603
As at 31 December 2024 59,161
Net Book Value
As at 31 December 2024 11,717
As at 1 January 2024 13,320
5. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2024 306,980
As at 31 December 2024 306,980
Net Book Value
As at 31 December 2024 306,980
As at 1 January 2024 306,980
6. Stocks
2024 2023
£ £
Stocks 28,675 26,300
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,998 24,127
Other debtors 74,436 103,189
128,434 127,316
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 84,716 108,495
Other creditors 365,916 13,353
Taxation and social security 4,603 61,342
455,235 183,190
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loan 2 (over 5 years) - Fire Star 56,399 56,399
Other creditors 154,141 154,141
210,540 210,540
10. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due between one and five years:
Other loans 56,399 56,399
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 34 34
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Norman Bennett (10,403 ) 9,457 - - (946 )
The above loan is unsecured, interest free and repayable on demand.
Page 5