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Registration number: 09939566

Alast Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Alast Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Alast Developments Limited

Company Information

Directors

Mrs Victoria Louise Taras

Mr Stefan John Taras

Registered office

Standerton
Wetherby Road
Long Marston
York
North Yorkshire
YO26 7NE

 

Alast Developments Limited

(Registration number: 09939566)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,039

1,299

Tangible assets

5

1,239

1,652

 

2,278

2,951

Current assets

 

Debtors

6

130

130

Cash at bank and in hand

 

9,786

10,636

 

9,916

10,766

Creditors: Amounts falling due within one year

7

(863)

(1,535)

Net current assets

 

9,053

9,231

Net assets

 

11,331

12,182

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

11,231

12,082

Shareholders' funds

 

11,331

12,182

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2024 and signed on its behalf by:
 

.........................................
Mr Stefan John Taras
Director

 

Alast Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Standerton
Wetherby Road
Long Marston
York
North Yorkshire
YO26 7NE
England

These financial statements were authorised for issue by the Board on 16 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Other intangible assets

10% straight line method

 

Alast Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Alast Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2023

2,597

2,597

At 31 January 2024

2,597

2,597

Amortisation

At 1 February 2023

1,298

1,298

Amortisation charge

260

260

At 31 January 2024

1,558

1,558

Carrying amount

At 31 January 2024

1,039

1,039

At 31 January 2023

1,299

1,299

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

14,318

14,318

At 31 January 2024

14,318

14,318

Depreciation

At 1 February 2023

12,666

12,666

Charge for the year

413

413

At 31 January 2024

13,079

13,079

Carrying amount

At 31 January 2024

1,239

1,239

At 31 January 2023

1,652

1,652

6

Debtors

Current

2024
£

2023
£

Other debtors

130

130

 

130

130

 

Alast Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

271

Accruals and deferred income

862

1,263

Other creditors

1

1

863

1,535

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100