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REGISTERED NUMBER: 05835812 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Alok Tyagi Ltd

Alok Tyagi Ltd (Registered number: 05835812)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alok Tyagi Ltd (Registered number: 05835812)

Balance Sheet
30th June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,801 44,786
Investments 5 38,126 37,435
77,927 82,221

CURRENT ASSETS
Debtors 6 1,695 10,140
Cash at bank 38,547 113,818
40,242 123,958
CREDITORS
Amounts falling due within one year 7 31,736 37,748
NET CURRENT ASSETS 8,506 86,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,433

168,431

CREDITORS
Amounts falling due after more than one year 8 (24,744 ) (31,273 )

PROVISIONS FOR LIABILITIES (7,685 ) (8,685 )
NET ASSETS 54,004 128,473

CAPITAL AND RESERVES
Called up share capital 9 111 111
Retained earnings 53,893 128,362
SHAREHOLDERS' FUNDS 54,004 128,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Alok Tyagi Ltd (Registered number: 05835812)

Balance Sheet - continued
30th June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

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





Dr A Tyagi - Director


Alok Tyagi Ltd (Registered number: 05835812)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. COMPANY INFORMATION

Alok Tyagi Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05835812

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost
Motor Vehicle -15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.


Alok Tyagi Ltd (Registered number: 05835812)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Assets under hire purchase/lease
The net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st July 2022 6,670 49,590 56,260
Additions 2,817 - 2,817
At 30th June 2023 9,487 49,590 59,077
DEPRECIATION
At 1st July 2022 4,035 7,439 11,474
Charge for year 1,480 6,322 7,802
At 30th June 2023 5,515 13,761 19,276
NET BOOK VALUE
At 30th June 2023 3,972 35,829 39,801
At 30th June 2022 2,635 42,151 44,786

Alok Tyagi Ltd (Registered number: 05835812)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1st July 2022 37,435
Disposals (1,032 )
Revaluations 1,723
At 30th June 2023 38,126
NET BOOK VALUE
At 30th June 2023 38,126
At 30th June 2022 37,435

Cost or valuation at 30th June 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2022 (10,383 )
Valuation in 2023 1,723
Cost 46,786
38,126

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 10,140
Other loans 594 -
Directors' current accounts 1,101 -
1,695 10,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 6,528 6,528
Tax 24,358 25,849
Social security and other taxes 850 396
Directors' current accounts - 4,975
31,736 37,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 24,744 31,273

The net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate - Motor Vehicle

Alok Tyagi Ltd (Registered number: 05835812)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
10 Ordinary C £1 10 10
1 Ordinary D £1 1 1
111 111

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B, C and D Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A, B, C and D Shares rank pari passu in respect of dividend and capital distribution rights.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

30.6.23 30.6.22
£    £   
Dr A Tyagi
Balance outstanding at start of year (4,976 ) (1,042 )
Amounts advanced 177,626 80,871
Amounts repaid (171,549 ) (84,805 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,101 (4,976 )

The loan is repayable on demand and no interest was charged during the year.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Tyagi by virtue of holding 100% of the voting share capital.