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REGISTERED NUMBER: 09990708 (England and Wales)















Alocura Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






Alocura Limited (Registered number: 09990708)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alocura Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: SM Jones
IK Walsh
SR Edwards
A Bell
LD Kinder
IM Clegg





REGISTERED OFFICE: 1 Smithy Court
Smithy Brook Road
Wigan
Greater Manchester
WN3 6PS





REGISTERED NUMBER: 09990708 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Alocura Limited (Registered number: 09990708)

Balance Sheet
28 February 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 454,421 375,578
Tangible assets 5 4,074 3,102
458,495 378,680

CURRENT ASSETS
Debtors 6 195,025 106,756
Cash at bank and in hand 98,086 92,951
293,111 199,707
CREDITORS
Amounts falling due within one year 7 174,417 106,042
NET CURRENT ASSETS 118,694 93,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,189

472,345

CREDITORS
Amounts falling due after more than one
year

8

22,500

32,500
NET ASSETS 554,689 439,845

CAPITAL AND RESERVES
Called up share capital 9 179 179
Share premium 14,981 14,981
Retained earnings 539,529 424,685
SHAREHOLDERS' FUNDS 554,689 439,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Alocura Limited (Registered number: 09990708)

Balance Sheet - continued
28 February 2023


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:





A Bell - Director


Alocura Limited (Registered number: 09990708)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Alocura 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Software Development are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.


Alocura Limited (Registered number: 09990708)

Notes to the Financial Statements - continued
for the year ended 28 February 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Software
Development
£
COST
At 1 March 2022 602,888
Additions 229,604
At 28 February 2023 832,492
AMORTISATION
At 1 March 2022 227,310
Amortisation for year 150,761
At 28 February 2023 378,071
NET BOOK VALUE
At 28 February 2023 454,421
At 28 February 2022 375,578

Alocura Limited (Registered number: 09990708)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 March 2022 750 11,645 12,395
Additions 732 2,496 3,228
At 28 February 2023 1,482 14,141 15,623
DEPRECIATION
At 1 March 2022 750 8,543 9,293
Charge for year 244 2,012 2,256
At 28 February 2023 994 10,555 11,549
NET BOOK VALUE
At 28 February 2023 488 3,586 4,074
At 28 February 2022 - 3,102 3,102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 188,251 105,151
Other debtors 6,603 472
VAT - 808
Prepayments 171 325
195,025 106,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 138,835 54,845
Social security and other taxes 8,673 5,913
VAT 2,494 -
Other creditors 890 792
Accrued expenses 13,525 34,492
174,417 106,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,500 22,500
22,500 32,500

Alocura Limited (Registered number: 09990708)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
17,054 Ordinary A 0.01 179 179

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by the shareholders.