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COMPANY REGISTRATION NUMBER: 03670470
ALIMAR IT SOLUTIONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2023
ALIMAR IT SOLUTIONS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
ALIMAR IT SOLUTIONS LIMITED
BALANCE SHEET
30 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
93
1,539
Current assets
Debtors
6
2,258
7,600
Cash at bank and in hand
2,070
9,060
------------
------------
4,328
16,660
Creditors: amounts falling due within one year
7
( 4,313)
( 19,182)
------------
------------
Net current assets/(liabilities)
15
( 2,522)
------------
------------
Total assets less current liabilities
108
( 983)
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
8
( 1,083)
------------
------------
Shareholders funds/(deficit)
108
( 983)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 May 2023 , and are signed on behalf of the board by:
Dr M F Cain
Director
Company registration number: 03670470
ALIMAR IT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 The Pingle, Quorn, Leicester, Leicestershire, LE12 8FQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
15% reducing balance
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Office equipment
Computer equipment
Total
£
£
£
Cost
At 1 May 2022 and 30 April 2023
1,327
15,673
17,000
------------
------------
------------
Depreciation
At 1 May 2022
1,219
14,242
15,461
Charge for the year
16
1,430
1,446
------------
------------
------------
At 30 April 2023
1,235
15,672
16,907
------------
------------
------------
Carrying amount
At 30 April 2023
92
1
93
------------
------------
------------
At 30 April 2022
108
1,431
1,539
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
7,600
Director's loan account
2,242
Other debtors
16
------------
------------
2,258
7,600
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
4,313
9,430
Social security and other taxes
1,816
Director loan accounts
7,936
------------
------------
4,313
19,182
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Director's advances, credits and guarantees
Included in debtors is a loan to the director, amounting to £2,242. £ Amount outstanding at end of the year 2,242 Amount outstanding at beginning of the year (7,936) Maximum outstanding during the year 2,242 The loan will be repaid within nine months of the company's finanical year end.
10. Related party transactions
The company is controlled by the director.