Registered number
08115897
AllianceVisas Limited
Filleted Accounts
30 November 2023
AllianceVisas Limited
Registered number: 08115897
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,279 34,024
Current assets
Debtors 4 280,097 125,950
Cash at bank and in hand 30,831 136,669
310,928 262,619
Creditors: amounts falling due within one year 5 (61,208) (27,357)
Net current assets 249,720 235,262
Total assets less current liabilities 272,999 269,286
Creditors: amounts falling due after more than one year 6 (113,116) (136,246)
Net assets 159,883 133,040
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 158,883 132,040
Shareholder's funds 159,883 133,040
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ritesh Saraf
Director
Approved by the board on 20 August 2024
AllianceVisas Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles over 4 years
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 6,499 40,117 46,616
Additions 266 - 266
At 30 November 2023 6,765 40,117 46,882
Depreciation
At 1 December 2022 3,684 8,908 12,592
Charge for the year 1,156 9,855 11,011
At 30 November 2023 4,840 18,763 23,603
Net book value
At 30 November 2023 1,925 21,354 23,279
At 30 November 2022 2,815 31,209 34,024
4 Debtors 2023 2022
£ £
Trade debtors 133,097 26,950
Trawonder Limited 147,000 99,000
280,097 125,950
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 9,920 3,891
Taxation and social security costs 42,489 23,466
Other creditors 8,799 -
61,208 27,357
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 113,116 136,246
7 Controlling party
The ultimate controlling parties during the period: Ritesh Saraf and Arti Bhatia
Ritesh Saraf and Arti Bhatia both hold 100% of the issued share capital and are deemed the
utlimate controlling parties.
8 Other information
AllianceVisas Limited is a private company limited by shares and incorporated in England. Its registered office is:
86 Regal Way
Harrow
HA3 0RY
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