Company Registration No. SC540280 (Scotland)
ALT Statements Limited
Unaudited accounts
for the year ended 31 July 2023
ALT Statements Limited
Unaudited accounts
Contents
ALT Statements Limited
Company Information
for the year ended 31 July 2023
Director
Alistair Turnbull
Company Number
SC540280 (Scotland)
Registered Office
149 Gilberstoun
Edinburgh
Midlothian
EH15 2RA
Scotland
Accountants
AGL Tax Solutions LLP
2A Station Yard
Haddington
East Lothian
EH41 3PP
ALT Statements Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
6,506
4,508
Creditors: amounts falling due within one year
(9,356)
(6,709)
Net current assets/(liabilities)
22
(695)
Called up share capital
1
1
Profit and loss account
558
92
Shareholders' funds
559
93
For the year ending 31 July 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 20 February 2024 and were signed on its behalf by
Alistair Turnbull
Director
Company Registration No. SC540280
ALT Statements Limited
Notes to the Accounts
for the year ended 31 July 2023
ALT Statements Limited is a private company, limited by shares, registered in Scotland, registration number SC540280. The registered office is 149 Gilberstoun, , Edinburgh, Midlothian, EH15 2RA, Scotland.
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 been consistently applied within the same accounts.
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 historic cost convention.
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment
20% straight line
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
The accounts are presented in £ sterling.
ALT Statements Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,797
5,269
Loans from directors
(1,506)
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(1,506)
4,032
408
2,118
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).