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REGISTERED NUMBER: 10767947 (England and Wales)















ALFORD TECHNOLOGY GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ALFORD TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 10767947)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALFORD TECHNOLOGY GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: R T Alford





SECRETARY: R T Alford





REGISTERED OFFICE: Alford House
Epsom Square
White Horse Business Park
Trowbridge
Wiltshire
BA14 0XG





REGISTERED NUMBER: 10767947 (England and Wales)





ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

ALFORD TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 10767947)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,082,701 1,080,700

CREDITORS
Amounts falling due within one year 5 150,267 68,000
NET CURRENT LIABILITIES (150,267 ) (68,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

932,434

1,012,700

CREDITORS
Amounts falling due after more than one
year

6

102,437

170,437
NET ASSETS 829,997 842,263

CAPITAL AND RESERVES
Called up share capital 700 700
Retained earnings 829,297 841,563
829,997 842,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





R T Alford - Director


ALFORD TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 10767947)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Alford Technology Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Alford Technology Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The director has assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern with the support of the group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 1,080,700
Additions 2,001
At 31 December 2023 1,082,701
NET BOOK VALUE
At 31 December 2023 1,082,701
At 31 December 2022 1,080,700

ALFORD TECHNOLOGY GROUP LIMITED (REGISTERED NUMBER: 10767947)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed to group undertakings 82,267 -
Other creditors 68,000 68,000
150,267 68,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Other creditors 102,437 170,437

7. RELATED PARTY DISCLOSURES

During the period loans were made from the following group companies:

2023 2022
£ £
Alford Technologies Limited 82,267 -
Alford Technology Holdings Limited - 2,001

These balances are included in Creditors.