Registered number
SC613386
ALIAO LTD
Filleted Accounts
30 November 2023
ALIAO LTD
Registered number: SC613386
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,069 10,581
Current assets
Cash at bank and in hand 820 105
Creditors: amounts falling due within one year 4 (7,508) (7,519)
Net current assets/ (liabilities) (6,688) (7,414)
Total assets less current liabilities 3,381 3,167
Creditors: amounts falling due after more than one year 5 (5,171) (4,991)
Net assets/(liabilities) (1,790) (1,824)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,791) (1,825)
Shareholder's funds (1,790) (1,824)
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.
Abdul Rehman Akhtar
Director
Approved by the board on 30 August 2024
ALIAO LTD
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 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:
Fixtures, fittings, tools and equipment 10% reducing balance method
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).
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 December 2022 14,813
Additions 607
At 30 November 2023 15,420
Depreciation
At 1 December 2022 4,232
Charge for the year 1,119
At 30 November 2023 5,351
Net book value
At 30 November 2023 10,069
At 30 November 2022 10,581
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,583 4,614
Taxation and social security costs 205 205
Other creditors 2,720 2,700
7,508 7,519
5 Creditors: amounts falling due after one year 2023 2022
£ £
Director's loan account 5,171 4,991
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