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Company Registration No. 10857554 (England and Wales)
Algocells Ltd Unaudited accounts for the year ended 30 June 2024
Algocells Ltd Unaudited accounts Contents
Page
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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
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Algocells Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
521 
1,168 
Current assets
Inventories
2,758 
3,551 
Debtors
26,100 
4,700 
Cash at bank and in hand
35,806 
21,646 
64,664 
29,897 
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)
Capital and reserves
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
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Algocells Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Earlier Year Adjustment
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 
£ 
Cost or valuation
At cost 
At 1 July 2023
37,397 
Disposals
(26,785)
At 30 June 2024
10,612 
Depreciation
At 1 July 2023
36,229 
Charge for the year
647 
On disposals
(26,785)
At 30 June 2024
10,091 
Net book value
At 30 June 2024
521 
At 30 June 2023
1,168 
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Algocells Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,300 
4,700 
Other debtors
4,800 
- 
26,100 
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 
Accruals
2,305 
1,800 
12,010 
9,183 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,667 
11,667 
Other creditors
149,956 
149,956 
157,623 
161,623 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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