Company Registration No. 10170963 (England and Wales)
ALLYACE LTD
Amended Unaudited accounts
for the year ended 31 May 2023
ALLYACE LTD
Amended Unaudited accounts
Contents
ALLYACE LTD
Company Information
for the year ended 31 May 2023
Company Number
10170963 (England and Wales)
Registered Office
15 Melville Avenue
Old St Mellons
Cardiff
CF3 5TZ
Accountants
XEN ACCOUNTANTS LTD
102 A COMMERCIAL STREET
NEWPORT
NP20 1LU
ALLYACE LTD
Statement of financial position
as at 31 May 2023
Tangible assets
1,430
1,563
Cash at bank and in hand
36,401
7,886
Creditors: amounts falling due within one year
(68,612)
(19,661)
Net current assets
26,789
57,426
Total assets less current liabilities
28,219
58,989
Creditors: amounts falling due after more than one year
(38,526)
(52,961)
Net (liabilities)/assets
(10,307)
6,028
Called up share capital
1
1
Profit and loss account
(10,308)
6,027
Shareholders' funds
(10,307)
6,028
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 February 2024 and were signed on its behalf by
Navdeep BAJWA
Director
Company Registration No. 10170963
ALLYACE LTD
Notes to the Accounts
for the year ended 31 May 2023
ALLYACE LTD is a private company, limited by shares, registered in England and Wales, registration number 10170963. The registered office is 15 Melville Avenue, Old St Mellons, Cardiff, CF3 5TZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on cost
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
2,149
-
2,149
At 31 May 2023
2,149
160
2,309
Charge for the year
293
-
293
At 31 May 2023
1,270
160
1,430
At 31 May 2022
1,563
-
1,563
Amounts falling due within one year
Other debtors
24,000
24,000
Amounts falling due after more than one year
Accrued income and prepayments
-
201
ALLYACE LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
26,796
16,472
Taxes and social security
16,873
1,950
Loans from directors
21,805
-
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
8,225
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).