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REGISTERED NUMBER: 04922343 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ALLIANTIST LIMITED

ALLIANTIST LIMITED (REGISTERED NUMBER: 04922343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLIANTIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P J Darby
M E Darby





REGISTERED OFFICE: Sussex Innovation Centre
Science Park Square
Sussex University
Falmer
East Sussex
BN1 9SB





REGISTERED NUMBER: 04922343 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

ALLIANTIST LIMITED (REGISTERED NUMBER: 04922343)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 191,945 -
Tangible assets 5 41,218 32,927
233,163 32,927

CURRENT ASSETS
Debtors 6 3,116,894 2,041,302
Cash at bank 989,708 1,262,889
4,106,602 3,304,191
CREDITORS
Amounts falling due within one year 7 (2,849,676 ) (1,879,864 )
NET CURRENT ASSETS 1,256,926 1,424,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,490,089

1,457,254

PROVISIONS FOR LIABILITIES - (6,300 )
NET ASSETS 1,490,089 1,450,954

CAPITAL AND RESERVES
Called up share capital 8 133 133
Share premium 999,978 999,978
Retained earnings 489,978 450,843
SHAREHOLDERS' FUNDS 1,490,089 1,450,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:




M E Darby - Director


ALLIANTIST LIMITED (REGISTERED NUMBER: 04922343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Alliantist Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the pound sterling (£)

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings 25% reducing balance
Computer Equipment 25% reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ALLIANTIST LIMITED (REGISTERED NUMBER: 04922343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share-based payments
The company's parent has granted share options ('equity-settled share-based payments') to employees of the company.

Equity-settled share-based payments are measured at the fair value as at the grant date by references to the fair value of the equity instrument using the Black-Scholes model. The expense in relation to the options granted to the employees of the company are recognised as an expense in the profit and loss account and a capital contribution from the company's parent.

Going concern
After reviewing the company's forecasts, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the accounts.

3. EMPLOYEES

The average number of employees during the year was 61 (2022 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
Additions 223,921
At 31 March 2023 223,921
AMORTISATION
Amortisation for year 31,976
At 31 March 2023 31,976
NET BOOK VALUE
At 31 March 2023 191,945

ALLIANTIST LIMITED (REGISTERED NUMBER: 04922343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 24,769 53,222 77,991
Additions - 19,609 19,609
At 31 March 2023 24,769 72,831 97,600
DEPRECIATION
At 1 April 2022 13,907 31,157 45,064
Charge for year 2,716 8,602 11,318
At 31 March 2023 16,623 39,759 56,382
NET BOOK VALUE
At 31 March 2023 8,146 33,072 41,218
At 31 March 2022 10,862 22,065 32,927

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,485,016 703,589
Amounts owed by group undertakings 1,403,669 1,310,902
Other debtors 4,724 11
Deferred tax asset 180,722 -
Prepayments and accrued income 42,763 26,800
3,116,894 2,041,302

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 138,940 105,026
Social security and other taxes 142,237 127,080
Other creditors 16,080 1,240
Directors' current accounts 554 242
Accruals and deferred income 2,551,865 1,646,276
2,849,676 1,879,864

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
12,000 Ordinary share 0.01111 133 133

ALLIANTIST LIMITED (REGISTERED NUMBER: 04922343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. SHARE-BASED PAYMENTS

Under the parent company's share-option plan, options are granted to key employees of the company at the average price of the parent company's shares at the grant date.

The employee is entitled to exercise a proportion of the shares options annually, from the grant date (the "vesting period").

Options may be forfeited if the employee leaves the company before they become entitled to exercise the share options, subject to the detailed terms include in the scheme rules.

Details of the method of valuation and details relating to the options are included in the financial statements of the company's parent.

The total charge for the period was £Nil (2022: £Nil).