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Company Registration No. 06993662 (England and Wales)
ALGLOTECH LTD Unaudited accounts for the year ended 31 December 2023
ALGLOTECH LTD Unaudited accounts Contents
Page
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ALGLOTECH LTD Company Information for the year ended 31 December 2023
Directors
Dr Mohan Lal Kaul Anjelita Kaul
Secretary
Anjelita Kaul
Company Number
06993662 (England and Wales)
Registered Office
124 City Road London City Road London EC1V 2NX United Kingdom
Accountants
Lotus Accountancy Ltd 306 Church Road, Northolt London UB5 5AP
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ALGLOTECH LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
233,015 
222,831 
Investments
67,000 
67,000 
Cash at bank and in hand
189 
109 
300,204 
289,940 
Creditors: amounts falling due within one year
(209,304)
(181,448)
Net current assets
90,900 
108,492 
Total assets less current liabilities
90,900 
108,492 
Creditors: amounts falling due after more than one year
(73,878)
(73,878)
Net assets
17,022 
34,614 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
16,922 
34,514 
Shareholders' funds
17,022 
34,614 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
Dr Mohan Lal Kaul Director Company Registration No. 06993662
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ALGLOTECH LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ALGLOTECH LTD is a private company, limited by shares, registered in England and Wales, registration number 06993662. The registered office is 124 City Road, London City Road, London, EC1V 2NX, 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
72,000 
81,816 
Accrued income and prepayments
67,000 
47,000 
Other debtors
94,015 
94,015 
233,015 
222,831 
5
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
67,000 
67,000 
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ALGLOTECH LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
49,109 
49,290 
Taxes and social security
10,929 
10,118 
Other creditors
149,266 
122,040 
209,304 
181,448 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
73,878 
73,878 
8
Controlling party
The controlling party is Dr Mohan Lal Kaul
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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