REGISTERED NUMBER:
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ALISTAIR R LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
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REGISTERED NUMBER:
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ALISTAIR R LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
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ALISTAIR R LIMITED (REGISTERED NUMBER: NI068425) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ALISTAIR R LIMITED |
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COMPANY INFORMATION |
for the year ended 31 March 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
4 Comber Street |
Saintfield |
BALLYNAHINCH |
BT24 7AZ |
ALISTAIR R LIMITED (REGISTERED NUMBER: NI068425) |
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BALANCE SHEET |
31 March 2022 |
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2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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ALISTAIR R LIMITED (REGISTERED NUMBER: NI068425) |
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BALANCE SHEET - continued |
31 March 2022 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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ALISTAIR R LIMITED (REGISTERED NUMBER: NI068425) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Alistair R Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
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Turnover |
Turnover is recognised at the fair value of the consideration received or receivable for good and services in the normal course of business net of trade discounts. |
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Sale of goods |
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Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods. |
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Tangible fixed assets |
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. |
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No depreciation is charged on freehold land. For all other assets depreciation is charged to write off their cost or valuation less estimated residual value over their useful lives. The methods adopted and rates used are as follows: |
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Fixtures and equipment | - 20 - 33 1/3% straight line |
Website development | - 33 1/3% straight line |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
ALISTAIR R LIMITED (REGISTERED NUMBER: NI068425) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2022 |
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2. | ACCOUNTING POLICIES - continued |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. |
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The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. |
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Going concern |
The existence of net liabilities represents a material uncertainty that casts doubt on the company's ability to continue as a going concern. However, the company meets its day to day working capital requirements through an advance from a director. The director has undertaken to continue his funding for the foreseeable future. Based on the above the director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Furthermore, he considers it appropriate to continue to prepare the financial statements on a going concern basis. |
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Basic financial instruments |
Cash and cash equivalents |
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
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Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
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Share capital |
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
ALISTAIR R LIMITED (REGISTERED NUMBER: NI068425) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2022 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures | Website |
and | development |
fittings | costs | Totals |
£ | £ | £ |
COST |
At 1 April 2021 |
and 31 March 2022 |
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DEPRECIATION |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 March 2021 |
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5. | STOCKS |
2022 | 2021 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary | £1 each | 1 | 1 |
ALISTAIR R LIMITED (REGISTERED NUMBER: NI068425) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2022 |
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9. | CONTINGENT LIABILITIES |
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10. | CAPITAL COMMITMENTS |
2022 | 2021 |
£ | £ |
Contracted but not provided for in the |
financial statements |
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11. | RELATED PARTY DISCLOSURES |
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During the year, a member of
sum of £400 (2021 - £3,368). The loan is interest free. At the balance sheet date the balance outstanding and included in Other Creditors was £ |
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At the balance sheet date, a business owned and run by a member of key management personnel, owed the
company £ |