Registered number
04403848
Alto Marketing Ltd
Filleted Accounts
31 March 2023
Alto Marketing Ltd
Registered number: 04403848
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,512 3,067
Investments 4 449,000 449,000
454,512 452,067
Current assets
Debtors 5 72,016 217,299
Cash at bank and in hand 377,006 253,336
449,022 470,635
Creditors: amounts falling due within one year 6 (153,549) (206,914)
Net current assets 295,473 263,721
Total assets less current liabilities 749,985 715,788
Provisions for liabilities (1,302) (1,302)
Net assets 748,683 714,486
Capital and reserves
Called up share capital 100 100
Share premium 1 1
Profit and loss account 748,582 714,385
Shareholders' funds 748,683 714,486
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 and delivered 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.
David Robinson
Director
Approved by the board on 21 November 2023
Alto Marketing Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Straight Line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice 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 (which is usually the invoice 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 (ie liabilities of uncertain timing or amount) 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 11
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2022 63,924
Additions 5,554
At 31 March 2023 69,478
Depreciation
At 1 April 2022 60,857
Charge for the year 3,109
At 31 March 2023 63,966
Net book value
At 31 March 2023 5,512
At 31 March 2022 3,067
4 Investments
Other
investments
£
Cost
At 1 April 2022 449,000
At 31 March 2023 449,000
5 Debtors 2023 2022
£ £
Trade debtors 71,184 217,299
Other debtors 832 -
72,016 217,299
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,512 22,639
Taxation and social security costs 40,864 42,429
Other creditors 97,173 141,846
153,549 206,914
7 Other information
Alto Marketing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
SHMS House
20 Little Park Farm Road
Fareham
Hampshire
PO15 5TD
Alto Marketing Ltd 04403848 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 David Robinson No description of principal activity 04403848 2021-04-01 2022-03-31 04403848 core:WithinOneYear 2022-03-31 04403848 core:ShareCapital 2022-03-31 04403848 core:SharePremium 2022-03-31 04403848 core:RetainedEarningsAccumulatedLosses 2022-03-31 04403848 2022-04-01 2023-03-31 04403848 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04403848 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04403848 bus:Director40 2022-04-01 2023-03-31 04403848 1 2022-04-01 2023-03-31 04403848 2 2022-04-01 2023-03-31 04403848 core:Vehicles 2022-04-01 2023-03-31 04403848 countries:England 2022-04-01 2023-03-31 04403848 bus:FRS102 2022-04-01 2023-03-31 04403848 bus:FullAccounts 2022-04-01 2023-03-31 04403848 2023-03-31 04403848 core:WithinOneYear 2023-03-31 04403848 core:ShareCapital 2023-03-31 04403848 core:SharePremium 2023-03-31 04403848 core:RetainedEarningsAccumulatedLosses 2023-03-31 04403848 core:Vehicles 2023-03-31 04403848 2022-03-31 04403848 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure