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Registered number: 10498302
Alpha Omega Finances Limited
ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Bailey Oster
Chartered Accountants
Mellor House
St Petersgate
Stockport
SK1 1DS
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10498302
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 359,811 360,011
359,811 360,011
CURRENT ASSETS
Cash at bank and in hand 6,256 8,071
6,256 8,071
Creditors: Amounts Falling Due Within One Year (116,316 ) (115,537 )
NET CURRENT ASSETS (LIABILITIES) (110,060 ) (107,466 )
TOTAL ASSETS LESS CURRENT LIABILITIES 249,751 252,545
Creditors: Amounts Falling Due After More Than One Year (236,125 ) (244,125 )
NET ASSETS 13,626 8,420
CAPITAL AND RESERVES
Called up share capital 5 4 4
Profit and Loss Account 13,622 8,416
SHAREHOLDERS' FUNDS 13,626 8,420
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For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Janet Tinubu
Director
30 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Alpha Omega Finances Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10498302 . The registered office is Mellor House, 65-81 St Petersate, Stockport, SK1 1DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not depreciated
Computer Equipment 33% reducing balance
2.4. Taxation
The corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 360,754
As at 30 November 2023 360,754
Depreciation
As at 1 December 2022 743
Provided during the period 200
As at 30 November 2023 943
Net Book Value
As at 30 November 2023 359,811
As at 1 December 2022 360,011
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
6. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 2,000 2,000
The dividends detailed above were paid to the director.
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