Company Registration No. 14056853 (England and Wales)
Aalto Projects Limited
Unaudited accounts
for the period from 20 April 2022 to 30 April 2023
Aalto Projects Limited
Unaudited accounts
Contents
Aalto Projects Limited
Company Information
for the period from 20 April 2022 to 30 April 2023
Directors
Oliver Rhodes
Anna Kent
Company Number
14056853 (England and Wales)
Registered Office
Hillside
Cole
Bruton
Somerset
BA10 0PJ
England
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Aalto Projects Limited
Statement of financial position
as at 30 April 2023
Cash at bank and in hand
68,709
Creditors: amounts falling due within one year
(43,483)
Called up share capital
100
Profit and loss account
45,115
Shareholders' funds
45,215
For the period ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by
Oliver Rhodes
Director
Company Registration No. 14056853
Aalto Projects Limited
Notes to the Accounts
for the period from 20 April 2022 to 30 April 2023
Aalto Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 14056853. The registered office is Hillside, Cole, Bruton, Somerset, BA10 0PJ, England.
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.
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:
Plant & machinery
10% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 April 2023
811
3,563
4,374
Charge for the period
14
689
703
At 30 April 2023
14
689
703
At 30 April 2023
797
2,874
3,671
Aalto Projects Limited
Notes to the Accounts
for the period from 20 April 2022 to 30 April 2023
Amounts falling due within one year
Accrued income and prepayments
7,676
6
Creditors: amounts falling due within one year
2023
Amounts owed to group undertakings and other participating interests
82
Taxes and social security
29,380
Loans from directors
4,122
7
Transactions with related parties
At the Balance sheet date, the following balance existed within companies under common control:
Included within Creditors is an amount of £82 due to Nolo Apps Limited
8
Average number of employees
During the period the average number of employees was 2.