Registered number
14003168
ALLOS AI LIMITED
Filleted Accounts
28 February 2024
ALLOS AI LIMITED
Registered number: 14003168
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 5 48 830
Cash at bank and in hand 17,753 10,051
17,801 10,881
Creditors: amounts falling due within one year 6 (62,639) (35,419)
Net current liabilities (44,838) (24,538)
Net liabilities (44,838) (24,538)
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account (44,938) (24,638)
Shareholder's funds (44,838) (24,538)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. V. IYER
Director
Approved by the board on 25 November 2024
ALLOS AI LIMITED
Notes to the Accounts
for the year ended 28 February 2024
1 Accounting policies
Basis of preparation
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).
2 Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
4 Government grants
The company received a government grant from Innovate UK. The all amount of £6,875 is recognised in the Statement of Comprehensive Income in the same period as the related expenditure.
5 Debtors 2024 2023
£ £
Other debtors 48 830
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,324 10,668
Taxation and social security costs 3,208 1,338
Other creditors 53,107 23,413
62,639 35,419
7 Other information
ALLOS AI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
63-66 Hatton Garden
Fifth Floor, Suite 23
London
England
EC1N8LE
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