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REGISTERED NUMBER: SC180603 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ALMIS INTERNATIONAL LIMITED

ALMIS INTERNATIONAL LIMITED (REGISTERED NUMBER: SC180603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALMIS INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J Di Rollo
L DiRollo





REGISTERED OFFICE: 7 Canning Street Lane
Edinburgh
EH3 8ER





REGISTERED NUMBER: SC180603 (Scotland)





ACCOUNTANT: Ann MacLellan Chartered Accountant
10 House O'Hill Avenue
Edinburgh
EH4 5DD

ALMIS INTERNATIONAL LIMITED (REGISTERED NUMBER: SC180603)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 464,239 439,290
Tangible assets 5 175,145 32,046
Investment property 6 295,000 295,000
934,384 766,336

CURRENT ASSETS
Debtors 7 522,795 421,254
Investments 8 1,624,429 -
Cash at bank and in hand 1,210,442 2,640,865
3,357,666 3,062,119
CREDITORS
Amounts falling due within one year 9 509,749 454,497
NET CURRENT ASSETS 2,847,917 2,607,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,782,301

3,373,958

PROVISIONS FOR LIABILITIES (43,786 ) (8,011 )

ACCRUALS AND DEFERRED INCOME (1,709,038 ) (1,684,044 )
NET ASSETS 2,029,477 1,681,903

CAPITAL AND RESERVES
Called up share capital 48,875 48,875
Capital redemption reserve 8,625 8,625
Retained earnings 1,971,977 1,624,403
SHAREHOLDERS' FUNDS 2,029,477 1,681,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ALMIS INTERNATIONAL LIMITED (REGISTERED NUMBER: SC180603)

BALANCE SHEET - continued
31 JANUARY 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





J Di Rollo - Director


ALMIS INTERNATIONAL LIMITED (REGISTERED NUMBER: SC180603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Almis International Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - at varying rates on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

ALMIS INTERNATIONAL LIMITED (REGISTERED NUMBER: SC180603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on the development of new software projects is capitalised where the outcome of these projects is assessed as being reasonably certain as regards viability and technical feasibility. Such expenditure is amortised over the expected useful life of the software.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 3,840,714
Additions 928,478
At 31 January 2024 4,769,192
AMORTISATION
At 1 February 2023 3,401,424
Charge for year 903,529
At 31 January 2024 4,304,953
NET BOOK VALUE
At 31 January 2024 464,239
At 31 January 2023 439,290

ALMIS INTERNATIONAL LIMITED (REGISTERED NUMBER: SC180603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 15,218 180,055 195,273
Additions - 186,787 186,787
At 31 January 2024 15,218 366,842 382,060
DEPRECIATION
At 1 February 2023 15,218 148,009 163,227
Charge for year - 43,688 43,688
At 31 January 2024 15,218 191,697 206,915
NET BOOK VALUE
At 31 January 2024 - 175,145 175,145
At 31 January 2023 - 32,046 32,046

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 295,000
NET BOOK VALUE
At 31 January 2024 295,000
At 31 January 2023 295,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 21,025
Cost 273,975
295,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 299,196 227,510
Other debtors 223,599 193,744
522,795 421,254

ALMIS INTERNATIONAL LIMITED (REGISTERED NUMBER: SC180603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Other 1,624,429 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 69,159 39,330
Taxation and social security 344,329 321,265
Other creditors 96,261 93,902
509,749 454,497

10. OTHER FINANCIAL COMMITMENTS

At 31st January 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £59,583.