ALGORITHM MARKETING (PTY) LTD

Company Registration Number:
13232685 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 March 2022

End date: 31 May 2023

ALGORITHM MARKETING (PTY) LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

ALGORITHM MARKETING (PTY) LTD

Company Information

for the Period Ended 31 May 2023




Director: Graeme Stewart Stiles
Simon Lloyd
Ashley Alan Watts
Registered office: 4 Titchfield Close
Burgess Hill
West Sussex
GBR
RH15 0RX
Company Registration Number: 13232685 (England and Wales)

ALGORITHM MARKETING (PTY) LTD

Profit and Loss Account

for the Period Ended 31 May 2023


Notes
15 months to
31 May 2023
£

2022
£
Gross Profit or (Loss) 223,643 15,561
Income from coronavirus (COVID-19) business support grants 0 0
Administrative Expenses ( 166,709 ) ( 15,081 )
Operating Profit or (Loss) 56,934 480
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 56,934 480
Tax on Profit ( 13,798 ) ( 91 )
Profit or (Loss) for Period 43,136 389

The notes form part of these financial statements

ALGORITHM MARKETING (PTY) LTD

Balance sheet

As at 31 May 2023


Notes
15 months to
31 May 2023
£

2022
£
Fixed assets
Tangible assets: 4 1,868
Total fixed assets: 1,868
Current assets
Debtors: 9,001 11,292
Cash at bank and in hand: 61,783 5,046
Total current assets: 70,784 16,338
Creditors: amounts falling due within one year: ( 29,007 ) ( 15,829 )
Net current assets (liabilities): 41,777 509
Total assets less current liabilities: 43,645 509
Total net assets (liabilities): 43,645 509

The notes form part of these financial statements

ALGORITHM MARKETING (PTY) LTD

Balance sheet continued

As at 31 May 2023


Notes
15 months to
31 May 2023
£

2022
£
Capital and reserves
Called up share capital: 120 120
Profit and loss account: 43,525 389
Shareholders funds: 43,645 509

For the year ending 31 May 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 October 2023
And Signed On Behalf Of The Board By:

Name: Graeme Stewart Stiles
Status: Director

The notes form part of these financial statements

ALGORITHM MARKETING (PTY) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ALGORITHM MARKETING (PTY) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    15 months to
    31 May 2023

    2022
    Average number of employees during the period 2 1

ALGORITHM MARKETING (PTY) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

ALGORITHM MARKETING (PTY) LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 0
Additions 2,253
Disposals -
Revaluations -
Transfers -
At 31 May 2023 2,253
Depreciation
At 01 March 2022 0
Charge for year 385
On disposals -
Other adjustments -
At 31 May 2023 385
Net book value
At 31 May 2023 1,868
At 28 February 2022 0