Company Registration No. 10857554 (England and Wales)
Algocells Ltd
Unaudited accounts
for the year ended 30 June 2024
Algocells Ltd
Unaudited accounts
Contents
Algocells Ltd
Company Information
for the year ended 30 June 2024
Directors
Zbigniew Kirkor
Martynas Juozaitis
Company Number
10857554 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
England
Accountants
Panda Tax Accountancy Services
56 Windyridge Gardens
Wymans Brook
Cheltenham
Glos
GL50 4SY
Algocells Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
35,806
21,646
Creditors: amounts falling due within one year
(12,010)
(9,183)
Net current assets
52,654
20,714
Total assets less current liabilities
53,175
21,882
Creditors: amounts falling due after more than one year
(157,623)
(161,623)
Net liabilities
(104,448)
(139,741)
Called up share capital
132
132
Profit and loss account
(104,580)
(139,873)
Shareholders' funds
(104,448)
(139,741)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by
Zbigniew Kirkor
Director
Company Registration No. 10857554
Algocells Ltd
Notes to the Accounts
for the year ended 30 June 2024
Algocells Ltd is a private company, limited by shares, registered in England and Wales, registration number 10857554. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Please note that on consideration of the current accounts it has been determined that trade debtors in the previous accounts were overstated by a figure of £49,327. The directors recognise that quotes to clients that had not resulted in work had erroneously been included in the sales records and was therefore included in the turnover. This has been rectified and practices ameneded to avoid a future reoccurence.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
4
Tangible fixed assets
Plant & machinery
Algocells Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
21,300
4,700
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,646
1,360
Taxes and social security
1,437
15
Loans from directors
6,622
6,008
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
149,956
149,956
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).