Company Registration No. 09153428 (England and Wales)
ALFA CREDIT LTD
Unaudited accounts
for the year ended 31 July 2020
ALFA CREDIT LTD
Unaudited accounts
Contents
ALFA CREDIT LTD
Company Information
for the year ended 31 July 2020
Company Number
09153428 (England and Wales)
Registered Office
OFFICE 7
35/37 LUDGATE HILL
LONDON
EC4M 7JN
ENGLAND
Accountants
Ravelstone Accountancy Ltd
ALFA CREDIT LTD
Statement of financial position
as at
31 July 2020
Inventories
18,718
18,718
Creditors: amounts falling due within one year
-
(17,578)
Net current assets
128,468
99,558
Total assets less current liabilities
128,468
99,558
Creditors: amounts falling due after more than one year
(135,697)
(107,078)
Net liabilities
(7,229)
(7,520)
Called up share capital
100
100
Profit and loss account
(7,329)
(7,620)
Shareholders' funds
(7,229)
(7,520)
For the year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2020 and were signed on its behalf by
NEIL YOUNG
Director
Company Registration No. 09153428
ALFA CREDIT LTD
Notes to the Accounts
for the year ended 31 July 2020
ALFA CREDIT LTD is a private company, limited by shares, registered in England and Wales, registration number 09153428. The registered office is OFFICE 7, 35/37 LUDGATE HILL, LONDON, EC4M 7JN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Finished goods
18,718
18,718
Other debtors
109,750
98,418
Amounts due after more than one year
109,650
23,686
6
Creditors: amounts falling due within one year
2020
2019
ALFA CREDIT LTD
Notes to the Accounts
for the year ended 31 July 2020
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
135,697
107,078
Aggregate of amounts that fall due for payment after five years
92,290
-
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).