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REGISTERED NUMBER: 07709515 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Alltec Network Ltd.

Alltec Network Ltd. (Registered number: 07709515)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alltec Network Ltd.

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Ms K A Thomas
C D Thomas





SECRETARY: Ms K A Thomas





REGISTERED OFFICE: 12-14 Butts Business Centre
Fowlmere
Royston
SG8 7SL





REGISTERED NUMBER: 07709515 (England and Wales)





ACCOUNTANTS: Taylor Keeble LLP
Chartered Accountants
9 Caxton House
Broad Street
Cambourne
Cambridgeshire
CB23 6JN

Alltec Network Ltd. (Registered number: 07709515)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 57,804 27,051

CURRENT ASSETS
Stocks 65,789 71,359
Debtors 5 32,193 24,917
Cash at bank and in hand 20,325 48,127
118,307 144,403
CREDITORS
Amounts falling due within one year 6 91,017 88,717
NET CURRENT ASSETS 27,290 55,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,094

82,737

CREDITORS
Amounts falling due after more than one
year

7

(8,734

)

(13,333

)

PROVISIONS FOR LIABILITIES (11,249 ) (5,107 )
NET ASSETS 65,111 64,297

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,011 64,197
65,111 64,297

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Alltec Network Ltd. (Registered number: 07709515)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





C D Thomas - Director


Alltec Network Ltd. (Registered number: 07709515)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Alltec Network Ltd. is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Alltec Network Ltd. (Registered number: 07709515)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 August 2023 98,639 6,500 105,139
Additions 3,262 37,449 40,711
Disposals (23,501 ) - (23,501 )
At 31 July 2024 78,400 43,949 122,349
DEPRECIATION
At 1 August 2023 75,244 2,844 78,088
Charge for year 5,875 914 6,789
Eliminated on disposal (20,332 ) - (20,332 )
At 31 July 2024 60,787 3,758 64,545
NET BOOK VALUE
At 31 July 2024 17,613 40,191 57,804
At 31 July 2023 23,395 3,656 27,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 22,706 16,250
Other debtors 9,487 8,667
32,193 24,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 13,333 13,333
Hire purchase contracts 3,715 -
Trade creditors 29,017 33,732
Taxation and social security 35,518 30,799
Other creditors 9,434 10,853
91,017 88,717

Alltec Network Ltd. (Registered number: 07709515)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 13,333
Hire purchase contracts 8,734 -
8,734 13,333