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Registered Number: 08178097
England and Wales

 

 

 

ALIGN-ALYTICS UK LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Directors Patrick Charles MOSIMANN
Steven Mark WHANT
Registered Number 08178097
Registered Office LABS,HOGARTH HOUSE
HIGH HOLBORN
LONDON
WC1V 6PX
Accountants Pace Accountancy Ltd
3 The Retreat, Glebe Lane,
Abberton
Colchester
CO5 7NW
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2023
Principal activities
The principal activity of the company during the year was management and data consultancy and analytics.
Directors
The directors who served the company throughout the year were as follows:
Patrick Charles MOSIMANN
Steven Mark WHANT
Additional Notes
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies  subject to the small companies regime within Part 15 of the Companies Act 2006.


This report was approved by the board and signed on its behalf by:


----------------------------------
Steven Mark WHANT
Director

Date approved: 18 April 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 5 1,833    3,853 
1,833    3,853 
Current assets      
Debtors 6 1,662,920    1,688,060 
Cash at bank and in hand 74,989    116,797 
1,737,909    1,804,857 
Creditors: amount falling due within one year 7 (1,213,260)   (2,541,825)
Net current assets 524,649    (736,968)
 
Total assets less current liabilities 526,482    (733,115)
Creditors: amount falling due after more than one year 8 (20,000)   (30,000)
Net assets 506,482    (763,115)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 506,481    (763,116)
Shareholders' funds 506,482    (763,115)
 


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.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 April 2024 and were signed on its behalf by:


-------------------------------
Steven Mark WHANT
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2022 1  (1,264,695) (1,264,694)
Profit for the year 501,579  501,579 
Total comprehensive income for the year 501,579  501,579 
Total investments by and distributions to owners
At 31 December 2022 1  (763,116) (763,115)
At 01 January 2023 1  (763,116) (763,115)
Profit for the year 1,269,597  1,269,597 
Total comprehensive income for the year 1,269,597  1,269,597 
Total investments by and distributions to owners
At 31 December 2023 1  506,481  506,482 
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General Information
ALIGN-ALYTICS UK LTD is a private company, limited by shares, registered in England and Wales, registration number 08178097, registration address LABS,HOGARTH HOUSE, HIGH HOLBORN, LONDON, WC1V 6PX.

The presentation currency is £ sterling.
On 10 October 2022 the company's registered name was changed by a resolution dated 5 October 2022 from PMSI Consulting Limited to Align-Alytics UK Ltd.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 3 years Straight Line
2.

Directors' Emoluments

2023
£
  2022
£
Administrative Expenses
Directors Salaries 300,000    294,000 
300,000    294,000 

3.

Off Balance Sheet Arrangements

The directors have not drawn there full remuneration for a number of years, to support the company. The amount was previously accrued as a liability on the balance sheet.  This has now been reversed in the current period, and the liability to the directors for undrawn remuneration will be recorded off balance sheet.  The accrued liability at 31 December 2022  was £1,641,747 (including Employers NI contributions).

4.

Average number of employees

Average number of employees during the year was 20 (2022 : 22).
5.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 4,740    14,362    19,102 
Additions    
Disposals    
At 31 December 2023 4,740    14,362    19,102 
Depreciation
At 01 January 2023 4,473    10,776    15,249 
Charge for year 67    1,953    2,020 
On disposals    
At 31 December 2023 4,540    12,729    17,269 
Net book values
Closing balance as at 31 December 2023 200    1,633    1,833 
Opening balance as at 01 January 2023 267    3,586    3,853 


6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 131,469    103,706 
Amount Owed by Group Undertakings 1,430,310    1,463,302 
Prepayments & Accrued Income 22,149    18,686 
Other Debtors 50,792    74,166 
1,634,720    1,659,860 

6.

Debtors: amounts falling due after one year

2023
£
  2022
£
Prepayments 28,200    28,200 
28,200    28,200 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 59,109    41,884 
Bank Loans & Overdrafts 17,118    20,736 
Corporation Tax   6,949 
Other Taxes and Social Security 75,156    57,085 
Accrued Expenses 348,284    1,695,172 
Other Creditors 393,178    494,504 
Directors' Current Accounts 320,415    225,495 
1,213,260    2,541,825 
Loans (unsecured)
Creditors include an unsecured bank loan of £10,000 (2022 - £10,000) payable by instalments within one year.  Interest is charged at 2.5%.

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 20,000    30,000 
Accrued Expenses  
20,000    30,000 
Loans (unsecured)
Creditors falling due after one year include an unsecured bank loan of £20,000 repayable by instalments. (2022 -£30,000). Interest is chargeable at 2.5% on this loan.

9.

Exceptional Item

Exceptional Items - Correction for Accrued Items

Particulars   Current
£
Cancellation of accrued directors remuneration and employers NI 1,641,747 
Correction for accrued interest payable by parent company 49,025 

10.

Loans and Borrowings

Particulars   Current
£
  2022
£
Non-current bank borrowings 20,000  30,000 
Current bank borrowings-repayable by instalments 10,000  10,000 
Current bank borrowings-repayable on demand 7,118  10,736 

11.

Related Parties

Correlaction BV
Support services and IP charges
Trade is carried out under standard terms of trade and priced on arms length principle.
Business Intelligence International Inc.
Support services and IP charges
Trade is carried out under standard terms of trade and priced on arms length principle.
12.

Parent and ultimate undertaking

The company's immediate parent is Align-Alytics Holdings Ltd, incorporated in England.
The most senior parent entity producing publicly available financial statements is Align-Alytics Holdings Ltd. These financial statements are available upon request from LABS, Hogarth House, High Holborn, London WC1V 6PX
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