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Company Registration No. 06993662 (England and Wales)
ALGLOTECH LTD Unaudited accounts for the year ended 31 December 2022
ALGLOTECH LTD Unaudited accounts Contents
Page
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ALGLOTECH LTD Company Information for the year ended 31 December 2022
Directors
Dr Mohan Lal Kaul Anjelita Kaul
Secretary
Anjelita Kaul
Company Number
06993662 (England and Wales)
Registered Office
124 City Road London City Road London EC1V 2NX United Kingdom
Accountants
Lotus Accountancy Ltd 306 Church Road, Northolt London UB5 5AP
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ALGLOTECH LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
222,831 
267,015 
Investments
67,000 
67,000 
Cash at bank and in hand
109 
889 
289,940 
334,904 
Creditors: amounts falling due within one year
(181,448)
(196,374)
Net current assets
108,492 
138,530 
Total assets less current liabilities
108,492 
138,530 
Creditors: amounts falling due after more than one year
(73,878)
(73,878)
Net assets
34,614 
64,652 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
34,514 
64,552 
Shareholders' funds
34,614 
64,652 
For the year ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Dr Mohan Lal Kaul Director Company Registration No. 06993662
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ALGLOTECH LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
ALGLOTECH LTD is a private company, limited by shares, registered in England and Wales, registration number 06993662. The registered office is 124 City Road, London City Road, London, EC1V 2NX, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
81,816 
126,000 
Accrued income and prepayments
47,000 
47,000 
Other debtors
94,015 
94,015 
222,831 
267,015 
5
Investments held as current assets
2022 
2021 
£ 
£ 
Unlisted investments
67,000 
67,000 
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ALGLOTECH LTD Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
49,290 
50,773 
Taxes and social security
10,118 
19,168 
Other creditors
122,040 
126,433 
181,448 
196,374 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
73,878 
73,878 
8
Controlling party
The controlling party is Dr Mohan Lal Kaul
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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