Registration number:
Alexi Books Ltd
for the Year Ended 30 September 2018
Chartered Certified Accountants
Mey House
Bridport Road
Poundbury
Dorset
DT1 3QY
Alexi Books Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Alexi Books Ltd
Company Information
Directors |
Mr A Kidd Ms A Karim |
Registered office |
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Accountants |
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Page 1 |
Alexi Books Ltd
(Registration number: 09211904)
Balance Sheet as at 30 September 2018
Note |
2018 |
2017 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Revaluation reserve |
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- |
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Profit and loss account |
( |
( |
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Total equity |
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( |
For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 2 |
Alexi Books Ltd
(Registration number: 09211904)
Balance Sheet as at 30 September 2018
Approved and authorised by the
.........................................
Director
.........................................
Director
Page 3 |
Alexi Books Ltd
Notes to the Financial Statements for the Year Ended 30 September 2018
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost,
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
At the year end the Directors revalued other tangible assets to that of cost due to the nature of the asset and its appreciation over the term.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
Straight line over 3 years |
Page 4 |
Alexi Books Ltd
Notes to the Financial Statements for the Year Ended 30 September 2018
Intangible assets
Intangible assets are stated in the statement of financial position at cost.
At the year end the Directors revalued intangible assets to that of cost to reflect the nature of the asset.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Development costs |
Straight line over 5 years |
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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 5 |
Alexi Books Ltd
Notes to the Financial Statements for the Year Ended 30 September 2018
Intangible assets |
Internally generated software development costs |
Total |
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Cost or valuation |
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At 1 October 2017 |
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Additions acquired separately |
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At 30 September 2018 |
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Amortisation |
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At 1 October 2017 |
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Impairment |
( |
( |
At 30 September 2018 |
- |
- |
Carrying amount |
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At 30 September 2018 |
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At 30 September 2017 |
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The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil (2017 - £Nil).
Intangible assets carried at revalued amounts
The fair value of the company's Software was revalued on
Had this class of asset been measured on a historical cost basis, their carrying amount would have been £
Page 6 |
Alexi Books Ltd
Notes to the Financial Statements for the Year Ended 30 September 2018
Tangible assets |
Furniture, fittings and equipment |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 October 2017 |
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At 30 September 2018 |
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Depreciation |
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At 1 October 2017 |
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Charge for the year |
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- |
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Impairment |
- |
( |
( |
At 30 September 2018 |
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- |
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Carrying amount |
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At 30 September 2018 |
- |
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At 30 September 2017 |
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Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
Note |
2018 |
2017 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
Page 7 |
Alexi Books Ltd
Notes to the Financial Statements for the Year Ended 30 September 2018
2018 |
2017 |
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No. |
£ |
No. |
£ |
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Ordinary A shares of £0.01 each |
- |
- |
- |
- |
Ordinary A shares of £0 each |
1,200,663 |
- |
1,200,663 |
- |
Ordinary B shares of £0 each |
20,108 |
- |
20,108 |
- |
|
- |
|
- |
Loans and borrowings |
2018 |
2017 |
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Non-current loans and borrowings |
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Other borrowings |
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Related party transactions |
Transactions with directors |
2018 |
At 1 October 2017 |
Repayments by director |
At 30 September 2018 |
Mr A Kidd |
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The director maintains an interest free loan account with the company which is repayable on demand |
29,124 |
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Ms A Karim |
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The director maintains an interest free loan account with the company which is repayable on demand |
34,923 |
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2017 |
At 1 October 2016 |
Advances to directors |
Repayments by director |
At 30 September 2017 |
Mr A Kidd |
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The director maintains an interest free loan account with the company which is repayable on demand |
24,472 |
( |
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Ms A Karim |
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The director maintains an interest free loan account with the company which is repayable on demand |
25,822 |
- |
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Page 8 |
Alexi Books Ltd
Notes to the Financial Statements for the Year Ended 30 September 2018
Directors' remuneration
The directors' remuneration for the year was as follows:
2018 |
2017 |
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Remuneration |
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Page 9 |