Alliance Consultancy Overseas Ltd
Registered number: 10835095
Statement of Financial Position
as at 30 June 2023
Notes 2023 2022
Current assets
Debtors 3 34,936 34,936
Cash at bank and in hand 39,596 8,198
74,532 43,134
Creditors: amounts falling due within one year 4 (28,720) -
Net current assets 45,812 43,134
Net assets 45,812 43,134
Capital and reserves
Called up share capital 36,076 36,076
Profit and loss account 9,736 7,058
Shareholder's funds 45,812 43,134
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Olga Dmytriieva
Director
Approved by the board on 9 October 2023
Alliance Consultancy Overseas Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company's business was adversely affected by the outbreak of war in Ukraine. Whilst the long-term effect of the war to the business is uncertain, given the length and current lack of resolution for the conflict the director of the company does not consider the going concern basis to be appropriate. The accounts have, therefore, not been produced on a going concern basis, with all assets being valued at their net realisable value.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 1 1
3 Debtors 2023 2022
Other debtors 34,936 34,936
4 Creditors: amounts falling due within one year 2023 2022
Accruals and deferred income 28,720 -
5 Other information
Alliance Consultancy Overseas Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, 8 Bridle Close
Kingston Upon Thames
Surrey
KT1 2JW
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