Alfaholics Ltd - Accounts to registrar (filleted) - small 24.3

Alfaholics Ltd - Accounts to registrar (filleted) - small 24.3

ALFAHOLICS LTD - Company Information

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Alfaholics Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






Alfaholics Ltd (Registered number: 03850063)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alfaholics Ltd (Registered number: 03850063)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 724,181 745,349

CURRENT ASSETS
Stocks 2,870,305 1,906,585
Debtors 4 196,558 181,298
Cash at bank and in hand 2,251,346 1,747,576
5,318,209 3,835,459
CREDITORS
Amounts falling due within one year 5 4,459,976 2,940,919
NET CURRENT ASSETS 858,233 894,540
TOTAL ASSETS LESS CURRENT LIABILITIES 1,582,414 1,639,889

PROVISIONS FOR LIABILITIES 53,263 55,599
NET ASSETS 1,529,151 1,584,290

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,528,851 1,583,990
1,529,151 1,584,290

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 directors acknowledge their 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 notes form part of these financial statements

Page 1 continued...
Alfaholics Ltd (Registered number: 03850063)

Balance Sheet - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





AR Banks - Director


The notes form part of these financial statements

Page 2
Alfaholics Ltd (Registered number: 03850063)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

Page 3 continued...
Alfaholics Ltd (Registered number: 03850063)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 566,437 421,861 988,298
Additions - 31,442 31,442
At 30 September 2024 566,437 453,303 1,019,740
DEPRECIATION
At 1 October 2023 - 242,949 242,949
Charge for year - 52,610 52,610
At 30 September 2024 - 295,559 295,559
NET BOOK VALUE
At 30 September 2024 566,437 157,744 724,181
At 30 September 2023 566,437 178,912 745,349

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 107,805 95,745
Other debtors 88,753 85,553
196,558 181,298

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Payments on account 3,470,749 2,120,921
Trade creditors 581,461 418,020
Taxation and social security 394,625 389,937
Other creditors 13,141 12,041
4,459,976 2,940,919

Page 4