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Company Registration No. 12481559 (England and Wales)
ALT LTD Unaudited accounts for the year ended 29 February 2024
ALT LTD Unaudited accounts Contents
Page
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ALT LTD Company Information for the year ended 29 February 2024
Director
Mr Matthew Ong
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
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ALT LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,969 
2,767 
Investments
84,248 
35,270 
89,217 
38,037 
Current assets
Debtors
201,535 
4,258 
Cash at bank and in hand
1,103,966 
2,877 
1,305,501 
7,135 
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 
Capital and reserves
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
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ALT LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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.
Pension costs
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.
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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 
Additions
234 
2,987 
3,221 
At 29 February 2024
483 
6,120 
6,603 
Depreciation
At 1 March 2023
57 
558 
615 
Charge for the year
82 
937 
1,019 
At 29 February 2024
139 
1,495 
1,634 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,002 
4,120 
Amounts due from group undertakings etc.
145,017 
- 
Other debtors
45,516 
138 
201,535 
4,258 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,449 
- 
Taxes and social security
16,368 
974 
Other creditors
3,236 
3,168 
Loans from directors
1,484 
7,613 
24,537 
11,755 
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ALT LTD Notes to the Accounts for the year ended 29 February 2024
8
Share capital
2024 
2023 
£ 
£ 
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 
- 
538.62 
396.35 
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 
142.27 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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