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COMPANY REGISTRATION NUMBER: 08086099
Alteco Consulting Ltd
Filleted Unaudited Financial Statements
30 September 2023
Alteco Consulting Ltd
Financial Statements
Period from 1 June 2023 to 30 September 2023
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Abridged statement of financial position
2
Notes to the financial statements
4
Alteco Consulting Ltd
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Alteco Consulting Ltd
Period from 1 June 2023 to 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alteco Consulting Ltd for the period ended 30 September 2023, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Alteco Consulting Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Alteco Consulting Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alteco Consulting Ltd and its director for our work or for this report.
It is your duty to ensure that Alteco Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alteco Consulting Ltd. You consider that Alteco Consulting Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Alteco Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
CAS Chartered Accountants
151 Askew Road London W12 9AU
19 March 2025
Alteco Consulting Ltd
Abridged Statement of Financial Position
30 September 2023
30 Sep 23
31 May 23
Note
£
£
£
Fixed assets
Tangible assets
5
3,825
4,173
Current assets
Debtors
160,980
195,426
Cash at bank and in hand
1,211
93
---------
---------
162,191
195,519
Creditors: amounts falling due within one year
131,710
164,394
---------
---------
Net current assets
30,481
31,125
--------
--------
Total assets less current liabilities
34,306
35,298
Creditors: amounts falling due after more than one year
31,889
33,628
--------
--------
Net assets
2,417
1,670
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,317
1,570
-------
-------
Shareholders funds
2,417
1,670
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the period ending 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Alteco Consulting Ltd
Abridged Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Mr O Tereshchenko
Director
Company registration number: 08086099
Alteco Consulting Ltd
Notes to the Financial Statements
Period from 1 June 2023 to 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Airport House, Purley Way, Croydon, CR0 0XZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Particulars of employees
The average number of persons employed by the company during the period amounted to 8 (2023: 7 ).
5. Tangible assets
£
Cost
At 1 June 2023 and 30 September 2023
14,614
--------
Depreciation
At 1 June 2023
10,441
Charge for the period
348
--------
At 30 September 2023
10,789
--------
Carrying amount
At 30 September 2023
3,825
--------
At 31 May 2023
4,173
--------
6. Director's advances, credits and guarantees
At the year end Mr O Tereshchenko owed the company £14,540 (2023: £43,986).