Registered number
11773887
Alerro Limited
Filleted Accounts
31 March 2024
Alerro Limited
Registered number: 11773887
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,415 23,332
Tangible assets 4 22,847 22,920
43,262 46,252
Current assets
Stocks 5,000 6,000
Debtors 5 8,843 9,645
Cash at bank and in hand 6,864 786
20,707 16,431
Creditors: amounts falling due within one year 6 (108,784) (91,303)
Net current liabilities (88,077) (74,872)
Total assets less current liabilities (44,815) (28,620)
Creditors: amounts falling due after more than one year 7 (11,166) (21,623)
Net liabilities (55,981) (50,243)
Capital and reserves
Called up share capital 100 100
Profit and loss account (56,081) (50,343)
Shareholder's funds (55,981) (50,243)
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.
Huseyin Gok
Director
Approved by the board on 12 January 2025
Alerro Limited
Notes to the Accounts
for the year ended 31 March 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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 35,000
At 31 March 2024 35,000
Amortisation
At 1 April 2023 11,668
Provided during the year 2,917
At 31 March 2024 14,585
Net book value
At 31 March 2024 20,415
At 31 March 2023 23,332
Goodwill and Intangible assets are being written off in equal annual instalments over its estimated economic life of 12 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 37,398
Additions 2,465
At 31 March 2024 39,863
Depreciation
At 1 April 2023 14,478
Charge for the year 2,538
At 31 March 2024 17,016
Net book value
At 31 March 2024 22,847
At 31 March 2023 22,920
5 Debtors 2024 2023
£ £
Trade debtors 2,843 3,190
Sundry Debtors - Rent Deposit 6,000 6,455
8,843 9,645
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,644 10,648
Trade creditors 35,419 10,559
Taxation and social security costs 16,824 31,067
Other creditors 45,897 39,029
108,784 91,303
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,166 21,623
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 36,899 39,027
Instalments falling due for payment after more than five years - 32,271
36,899 71,298
9 Other information
Alerro Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Red Lodge Road
West Wickham
BR4 0EL
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