Company Registration No. 06993662 (England and Wales)
ALGLOTECH LTD
Unaudited accounts
for the year ended 31 December 2023
ALGLOTECH LTD
Unaudited accounts
Contents
ALGLOTECH LTD
Company Information
for the year ended 31 December 2023
Directors
Dr Mohan Lal Kaul
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
ALGLOTECH LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
189
109
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)
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
ALGLOTECH LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The accounts are presented in £ sterling.
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
5
Investments held as current assets
2023
2022
Unlisted investments
67,000
67,000
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
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
73,878
73,878
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).