Company Registration No. 10471772 (England and Wales)
ALTO QS LIMITED
Unaudited accounts
for the year ended 30 November 2022
ALTO QS LIMITED
Unaudited accounts
Contents
ALTO QS LIMITED
Company Information
for the year ended 30 November 2022
Company Number
10471772 (England and Wales)
Registered Office
5 Goodwood Avenue
Enfield
Middlesex
EN3 5RP
UK
ALTO QS LIMITED
Statement of financial position
as at 30 November 2022
Cash at bank and in hand
1,153
565
Creditors: amounts falling due within one year
(19,513)
(23,963)
Net current liabilities
(17,514)
(6,028)
Total assets less current liabilities
(17,514)
(5,188)
Creditors: amounts falling due after more than one year
(104,523)
-
Net liabilities
(122,037)
(5,188)
Called up share capital
1
1
Profit and loss account
(122,038)
(5,189)
Shareholders' funds
(122,037)
(5,188)
For the year ending 30 November 2022 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 17 January 2024 and were signed on its behalf by
Henry ALOZIE
Director
Company Registration No. 10471772
ALTO QS LIMITED
Notes to the Accounts
for the year ended 30 November 2022
ALTO QS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10471772. The registered office is 5 Goodwood Avenue, Enfield, Middlesex, EN3 5RP, UK.
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.
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.
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:
The director is of the opinion that preparing the accounts based on a going concern approach is suitable. The director commits to providing financial support to ensure the company can fulfill its obligations in the foreseeable future.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2021
1,490
966
2,456
At 30 November 2022
1,490
966
2,456
At 1 December 2021
1,133
483
1,616
Charge for the year
357
483
840
At 30 November 2022
1,490
966
2,456
At 30 November 2021
357
483
840
ALTO QS LIMITED
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
14,939
13,478
Loans from directors
1,158
-
7
Creditors: amounts falling due after more than one year
2022
2021
Loans from directors
104,523
-
This statement includes provisions for VAT liabilities. Any adjustments or amendments will be reflected in the following financial statements.
9
Average number of employees
During the year the average number of employees was 1 (2021: 2).