Company Registration No. 12481559 (England and Wales)
ALT LTD
Unaudited accounts
for the year ended 29 February 2024
ALT LTD
Unaudited accounts
Contents
ALT LTD
Company Information
for the year ended 29 February 2024
Company Number
12481559 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
ALT LTD
Statement of financial position
as at 29 February 2024
Tangible assets
4,969
2,767
Cash at bank and in hand
1,103,966
2,877
Creditors: amounts falling due within one year
(24,537)
(11,755)
Net current assets/(liabilities)
1,280,964
(4,620)
Net assets
1,370,181
33,417
Called up share capital
539
396
Share premium
2,405,734
442,488
Profit and loss account
(1,036,092)
(409,467)
Shareholders' funds
1,370,181
33,417
For the year ending 29 February 2024 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 11 April 2024 and were signed on its behalf by
Mr Matthew Ong
Director
Company Registration No. 12481559
ALT LTD
Notes to the Accounts
for the year ended 29 February 2024
ALT LTD is a private company, limited by shares, registered in England and Wales, registration number 12481559. The registered office is 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ALT LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
249
3,133
3,382
At 29 February 2024
483
6,120
6,603
At 1 March 2023
57
558
615
Charge for the year
82
937
1,019
At 29 February 2024
139
1,495
1,634
At 29 February 2024
344
4,625
4,969
At 28 February 2023
192
2,575
2,767
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 March 2023
-
35,270
35,270
Additions
88
48,890
48,978
Valuation at 29 February 2024
88
84,160
84,248
Amounts falling due within one year
Amounts due from group undertakings etc.
145,017
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,368
974
Other creditors
3,236
3,168
Loans from directors
1,484
7,613
ALT LTD
Notes to the Accounts
for the year ended 29 February 2024
Allotted, called up and fully paid:
4,552,998 Ordinary shares of £0.0001 each
455.29
396.35
833,334 Seed Preference Shares of £0.0001 each
83.33
-
Shares issued during the period:
589,403 Ordinary shares of £0.0001 each
58.94
833,334 Seed Preference Shares of £0.0001 each
83.33
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).