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REGISTERED NUMBER: 03208551 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

ALTO FILMS LTD

ALTO FILMS LTD (BY SHARES) (REGISTERED NUMBER: 03208551)






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




Page

Company Information 1

Balance Sheet 2


ALTO FILMS LTD (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Ms T A Harman
A J Wakeford





SECRETARY: A J Wakeford





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 03208551 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

ALTO FILMS LTD (BY SHARES) (REGISTERED NUMBER: 03208551)

BALANCE SHEET
31 MAY 2023

2023 2022
£    £    £    £   
FIXED ASSETS 5,906 9,112

CURRENT ASSETS 20,118 36,030

CREDITORS
Amounts falling due within one year (37,502 ) (45,081 )
NET CURRENT LIABILITIES (17,384 ) (9,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,478

)

61

CAPITAL AND RESERVES (11,478 ) 61

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2022 - 2 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms T A Harman decreased her loan to the company. As at 31 May 2023, the company owed her £15,330 (2022: £20,705).

Also during the year, A J Wakeford decreased his loan to the company. As at 31 May 2023, the company owed him £17,800 (2022: £22,104).

These balances represented the maximum amounts outstanding during the year and these loans have incurred interest at 10%.

Finally, the company paid the directors rent amounting to £399 each (2022: £275) as a result of utilising office space within their homes.



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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

ALTO FILMS LTD (BY SHARES) (REGISTERED NUMBER: 03208551)

BALANCE SHEET - continued
31 MAY 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:




Ms T A Harman - Director



A J Wakeford - Director