ALLORA PROJECTS LIMITED

ALLORA PROJECTS LIMITED
Statement of Financial Position
As at 31 March 2023

	2023		2022
	£	£	£	£
Fixed assets		748		1,069
Current assets	15,380		22,430
Creditors: amount falling due within one year	(14,147)		(23,086)
Net current assets		1,233		(656)
Total assets less current liabilities		1,981		413
Provisions for liabilities		(14)		0
Net assets		1,967		413


Capital and reserves		1,967		413

NOTES TO THE ACCOUNTS

General Information

ALLORA PROJECTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11493794, registration address Office Gold, Building 3, 566 Chiswick High Road, London, W4 5YA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment	18 Reducing Balance
Fixtures and Fittings	36 Reducing Balance

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 April 2022	875	690	1,565
Additions	-	-	-
Disposals	-	-	-
At 31 March 2023	875	690	1,565
Depreciation
At 01 April 2022	212	284	496
Charge for year	239	82	321
On disposals	-	-	-
At 31 March 2023	451	366	817
Net book values
Closing balance as at 31 March 2023	424	324	748
Opening balance as at 01 April 2022	663	406	1,069

3.	Average number of employees Average number of employees during the year was 1 (2022 : 1).

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the director on 19 September 2023 and were signed by:

--------------------------------
Mrs Ingrida Urbonaite
Director