Company registration number 03822976 (England and Wales)
THE ALCO GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
THE ALCO GROUP LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
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The directors present their annual report and financial statements for the year ended 31 December 2023.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr A Leibert
Mrs C Shoukry
Mr S S Housley
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The validity of this assumption depends on the continued support of the company's directors and creditors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets as current assets.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.
On behalf of the board
Mr A Leibert
Director
1 July 2024
THE ALCO GROUP LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
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2023
2022
£
£
£
£
Fixed assets
1,532
476
Current assets
26,116
54,785
Creditors: amounts falling due within one year
(51,195)
(45,664)
Net current (liabilities)/assets
(25,079)
9,121
Total assets less current liabilities
(23,547)
9,597
Creditors: amounts falling due after more than one year
(4,503)
(15,003)
Net liabilities
(28,050)
(5,406)
Capital and reserves
(28,050)
(5,406)
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Included within debtors is an interest free loan of Nil (2022: £9,529) owed by the directors. This loan has been repaid within 9 months of the balance sheet date.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
4
4
The ALCO Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lynwood House, 373-375 Station Road, Harrow, Middlesex, HA1 2AW.
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
THE ALCO GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
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The financial statements were approved by the board of directors and authorised for issue on 1 July 2024 and are signed on its behalf by:
Mr A Leibert
Director
Company registration number 03822976 (England and Wales)