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Company Registration No. 13419437 (England and Wales)
ALGO IT SOLUTIONS LIMITED Unaudited accounts for the year ended 31 October 2023
ALGO IT SOLUTIONS LIMITED Unaudited accounts Contents
Page
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ALGO IT SOLUTIONS LIMITED Company Information for the year ended 31 October 2023
Director
Binumon Abraham
Company Number
13419437 (England and Wales)
Registered Office
2 AEGEAN CLOSE STOKE-ON-TRENT ST4 8UL ENGLAND
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ALGO IT SOLUTIONS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,940 
9,303 
Current assets
Cash at bank and in hand
4,071 
40,549 
Creditors: amounts falling due within one year
(31,424)
(74,011)
Net current liabilities
(27,353)
(33,462)
Net liabilities
(15,413)
(24,159)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(15,414)
(24,160)
Shareholders' funds
(15,413)
(24,159)
For the year ending 31 October 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 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 15 January 2024 and were signed on its behalf by
Binumon Abraham Director Company Registration No. 13419437
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ALGO IT SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
ALGO IT SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13419437. The registered office is 2 AEGEAN CLOSE, STOKE-ON-TRENT, ST4 8UL, 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.
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
18%
Computer equipment
18%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
- 
6,346 
5,000 
11,346 
Additions
5,000 
- 
259 
5,259 
At 31 October 2023
5,000 
6,346 
5,259 
16,605 
Depreciation
At 1 November 2022
- 
1,143 
900 
2,043 
Charge for the year
900 
937 
785 
2,622 
At 31 October 2023
900 
2,080 
1,685 
4,665 
Net book value
At 31 October 2023
4,100 
4,266 
3,574 
11,940 
At 31 October 2022
- 
5,203 
4,100 
9,303 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
26,324 
68,911 
Loans from directors
5,100 
5,100 
31,424 
74,011 
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ALGO IT SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 October 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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