ALTEX GROUP LTD

Company Registration Number:
14191283 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 23 June 2022

End date: 30 June 2023

ALTEX GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

ALTEX GROUP LTD

Company Information

for the Period Ended 30 June 2023




Director: PIETRO ROCCA
Registered office: 124
City Road
London
GBR
EC1V 2NX
Company Registration Number: 14191283 (England and Wales)

ALTEX GROUP LTD

Directors' Report Period Ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal Activities

The company's principal activity during the period was business support services, management services and marketing services

Directors

The director(s) shown below were appointed to the company during the period
PIETRO ROCCA
23 June 2022

This report was approved by the board of directors on 13 March 2024
And Signed On Behalf Of The Board By:

Name: PIETRO ROCCA
Status: Director

ALTEX GROUP LTD

Balance sheet

As at 30 June 2023


Notes

2023
£
Fixed assets
Intangible assets: 4 88,358
Total fixed assets: 88,358
Current assets
Debtors: 2,851
Cash at bank and in hand: 972
Total current assets: 3,823
Creditors: amounts falling due within one year: ( 62,018 )
Net current assets (liabilities): ( 58,195 )
Total assets less current liabilities: 30,163
Creditors: amounts falling due after more than one year: ( 30,000 )
Total net assets (liabilities): 163

The notes form part of these financial statements

ALTEX GROUP LTD

Balance sheet continued

As at 30 June 2023


Notes

2023
£
Capital and reserves
Called up share capital: 30
Profit and loss account: 133
Shareholders funds: 163

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 March 2024
And Signed On Behalf Of The Board By:

Name: PIETRO ROCCA
Status: Director

The notes form part of these financial statements

ALTEX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 is reduced for estimated customer returns, rebates and other similar allowances.
    Sale of goods
    Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
    Rendering of services
    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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives

    Other accounting policies

    TAXATION Current tax is recognised on taxable profit for the current period. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

ALTEX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023
    Average number of employees during the period 0

ALTEX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

ALTEX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 4. Intangible assets

    Total
    Cost £
    Additions 88,358
    Disposals -
    Revaluations -
    Transfers -
    At 30 June 2023 88,358
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 30 June 2023 -
    Net book value
    Net book value at 30 June 2023 88,358