Alchemy Global Limited - Filleted accounts

Registered number

06035590

Alchemy Global Limited

Filleted Accounts

31 December 2024

Alchemy Global Limited
Registered number:		06035590
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		4,393			4,843

Current assets
Debtors	4	5,928			14,245
Cash at bank and in hand		104			4,526
		6,032			18,771

Creditors: amounts falling due within one year	5	(44,005)			(45,860)

Net current liabilities			(37,973)			(27,089)

Total assets less current liabilities			(33,580)			(22,246)

Creditors: amounts falling due after more than one year	6		(36,707)			(40,493)



Net liabilities			(70,287)			(62,739)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(70,288)			(62,740)

Shareholder's funds			(70,287)			(62,739)

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.




Mr S J S Nash
Director
Approved by the board on 30 September 2025

Alchemy Global Limited
Notes to the Accounts
for the year ended 31 December 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).

	Going concern
	Due to trading losses in this and previous periods, the company's balance sheet is in deficit. However, the company will continue to be supported by the director by way of loans to the company. The director feels that profitability will improve and the company's balance sheet will return to credit in the foreseeable future. As a result the going concern basis of accounting has been adopted.

	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:

	Office equipment			25% reducing balance
	Computer equipment			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
				Office equipment		Computer equipment		Total
£					£		£
	Cost
	At 1 January 2024			18,110		9,156		27,266
	Additions			1,016		-		1,016
	At 31 December 2024			19,126		9,156		28,282

	Depreciation
	At 1 January 2024			14,973		7,450		22,423
	Charge for the year			1,039		427		1,466
	At 31 December 2024			16,012		7,877		23,889

	Net book value
	At 31 December 2024			3,114		1,279		4,393
	At 31 December 2023			3,137		1,706		4,843


4	Debtors					2024		2023
£							£

	Trade debtors					5,100		9,723
	Other debtors					828		4,522
						5,928		14,245


5	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					18,793		17,825
	Trade creditors					6,268		19,066
	Taxation and social security costs					56		17
	Other creditors					18,888		8,952
						44,005		45,860


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					36,707		40,493


7	Loans to directors
	Interest free/repayable on demand	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr S J S Nash
	Loan 1	1,131		-		(1,131)		-

		1,131		-		(1,131)		-


8	Related party transactions

	Included in other debtors are amounts of £739 (2023 - £1,170) owed from Alchemy Chauffeurs Limited, a company under the control of the director. Included in other creditors is an amount of £6,063 (2023 - £3,929) owed to Alchemy Global Holdings Ltd, a company under the control of the director.


9	Other information

	Alchemy Global Limited is a private company limited by shares and incorporated in England. Its registered office is:
	4th Floor
	43 Berkeley Square
	London
	W1J 5AP