Silverfin false false 30/11/2023 01/12/2022 30/11/2023 A Jones 01/11/2016 08 November 2024 The principal activity of the Company during the financial year was that of ready-made interactive leisure and entertainment software development. 08280655 2023-11-30 08280655 bus:Director1 2023-11-30 08280655 2022-11-30 08280655 core:CurrentFinancialInstruments 2023-11-30 08280655 core:CurrentFinancialInstruments 2022-11-30 08280655 core:Non-currentFinancialInstruments 2023-11-30 08280655 core:Non-currentFinancialInstruments 2022-11-30 08280655 core:ShareCapital 2023-11-30 08280655 core:ShareCapital 2022-11-30 08280655 core:RetainedEarningsAccumulatedLosses 2023-11-30 08280655 core:RetainedEarningsAccumulatedLosses 2022-11-30 08280655 core:LandBuildings 2022-11-30 08280655 core:Vehicles 2022-11-30 08280655 core:FurnitureFittings 2022-11-30 08280655 core:OfficeEquipment 2022-11-30 08280655 core:LandBuildings 2023-11-30 08280655 core:Vehicles 2023-11-30 08280655 core:FurnitureFittings 2023-11-30 08280655 core:OfficeEquipment 2023-11-30 08280655 2022-12-01 2023-11-30 08280655 bus:FilletedAccounts 2022-12-01 2023-11-30 08280655 bus:SmallEntities 2022-12-01 2023-11-30 08280655 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08280655 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08280655 bus:Director1 2022-12-01 2023-11-30 08280655 core:Vehicles 2022-12-01 2023-11-30 08280655 core:FurnitureFittings 2022-12-01 2023-11-30 08280655 core:OfficeEquipment 2022-12-01 2023-11-30 08280655 2021-12-01 2022-11-30 08280655 core:LandBuildings 2022-12-01 2023-11-30 08280655 core:Non-currentFinancialInstruments 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 08280655 (England and Wales)

ALIQUANTUM LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

ALIQUANTUM LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

ALIQUANTUM LIMITED

BALANCE SHEET

As at 30 November 2023
ALIQUANTUM LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 246,337 251,716
246,337 251,716
Current assets
Debtors 4 9,832 10,082
Cash at bank and in hand 542 542
10,374 10,624
Creditors: amounts falling due within one year 5 ( 301,622) ( 286,669)
Net current liabilities (291,248) (276,045)
Total assets less current liabilities (44,911) (24,329)
Creditors: amounts falling due after more than one year 6 ( 10,500) ( 16,500)
Net liabilities ( 55,411) ( 40,829)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 55,412 ) ( 40,830 )
Total shareholder's deficit ( 55,411) ( 40,829)

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Aliquantum Limited (registered number: 08280655) were approved and authorised for issue by the Director on 08 November 2024. They were signed on its behalf by:

A Jones
Director
ALIQUANTUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
ALIQUANTUM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aliquantum Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 The Glenmore Centre, 26 Fancy Road, Poole, BH12 4FB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £55,411. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Fixtures and fittings 20 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 December 2022 225,712 23,352 30,664 55,478 335,206
At 30 November 2023 225,712 23,352 30,664 55,478 335,206
Accumulated depreciation
At 01 December 2022 0 19,774 23,487 40,229 83,490
Charge for the financial year 0 895 1,436 3,048 5,379
At 30 November 2023 0 20,669 24,923 43,277 88,869
Net book value
At 30 November 2023 225,712 2,683 5,741 12,201 246,337
At 30 November 2022 225,712 3,578 7,177 15,249 251,716

4. Debtors

2023 2022
£ £
Other debtors 9,832 10,082

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 6,000 6,000
Other creditors 295,622 280,669
301,622 286,669

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 10,500 16,500

There are no amounts included above in respect of which any security has been given by the small entity.