Alloc8tor Limited 13452610 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Business and domestic software development Digita Accounts Production Advanced 6.30.9574.0 true 13452610 2022-07-01 2023-06-30 13452610 2023-06-30 13452610 core:RetainedEarningsAccumulatedLosses 2023-06-30 13452610 core:ShareCapital 2023-06-30 13452610 core:CurrentFinancialInstruments 2023-06-30 13452610 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 13452610 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 13452610 bus:SmallEntities 2022-07-01 2023-06-30 13452610 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 13452610 bus:FullAccounts 2022-07-01 2023-06-30 13452610 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 13452610 bus:RegisteredOffice 2022-07-01 2023-06-30 13452610 bus:Director1 2022-07-01 2023-06-30 13452610 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13452610 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-01 2023-06-30 13452610 countries:EnglandWales 2022-07-01 2023-06-30 13452610 2022-06-30 13452610 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-06-30 13452610 2021-06-11 2022-06-30 13452610 2022-06-30 13452610 core:RetainedEarningsAccumulatedLosses 2022-06-30 13452610 core:ShareCapital 2022-06-30 13452610 core:CurrentFinancialInstruments 2022-06-30 13452610 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 13452610 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 13452610

Alloc8tor Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Alloc8tor Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Alloc8tor Limited

(Registration number: 13452610)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

84,405

41,484

Current assets

 

Debtors

5

124,829

12,384

Cash at bank and in hand

 

19,332

2,218

 

144,161

14,602

Creditors: Amounts falling due within one year

6

(186,798)

(49,595)

Net current liabilities

 

(42,637)

(34,993)

Net assets

 

41,768

6,491

Capital and reserves

 

Called up share capital

300

200

Retained earnings

41,468

6,291

Shareholders' funds

 

41,768

6,491

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2023 and signed on its behalf by:
 

.........................................
Mr M Crompton
Director

 

Alloc8tor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 City Business Centre
Hyde Street
Winchester
Hampshire
SO23 7TA

These financial statements were authorised for issue by the Board on 12 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Alloc8tor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Development costs

Costs associated with maintaining computer software are recognised as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the company are recognised as intangible assets when the following criteria are met: it is technically feasible to complete the software so that it will be available for use; management intends to complete the software and use or sell it; there is an ability to use or sell the software; it can be demonstrated how the software will generate probable future economic benefits; adequate technical and other resources to complete the development and to use or sell the software are available; and the expenditure attributable to the software during its development can be reliably measured.

Other development expenditures that do not meet these criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Internally generated software development costs

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Alloc8tor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 July 2022

41,484

41,484

Additions acquired separately

51,218

51,218

At 30 June 2023

92,702

92,702

Amortisation

Amortisation charge

8,297

8,297

At 30 June 2023

8,297

8,297

Carrying amount

At 30 June 2023

84,405

84,405

At 30 June 2022

41,484

41,484

 

Alloc8tor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Debtors

2023
£

2022
£

Trade debtors

109,768

-

Prepayments

849

1,596

Other debtors

14,212

10,788

124,829

12,384

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

860

Trade creditors

 

11,996

9,377

Taxation and social security

 

18,549

-

Accruals and deferred income

 

92,689

6,294

Other creditors

 

63,564

33,064

 

186,798

49,595

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

-

860