Allycom ltd - Accounts

Allycom ltd
Contents Page
For the year ended 31 July 2024

Company information	1
Director's report	2
Accountants' report	3
Income statement	4
Statement of financial position	5
Notes to the financial statements	6
Detailed Income Statement	7

Allycom ltd
Company Information
For the year ended 31 July 2024

Director	Rasim Ibrahimov
Registered Number	11459551
Registered Office	61 Bridge Street Kington HR5 3DJ

1

Allycom ltd
Director's Report
For the year ended 31 July 2024

Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 July 2024.

Director
The director who served the company throughout the year was as follows:

	Shares
Rasim Ibrahimov	1000.00

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Rasim Ibrahimov
Director

Date approved: 02 April 2025

2

Allycom ltd Accountants' Report For the year ended 31 July 2024
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 July 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 31 July 2024 .................................................... 02 April 2025 3

Allycom ltd
Accountants' Report
For the year ended 31 July 2024

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

31 July 2024

....................................................

02 April 2025

3

Allycom ltd
Income Statement
For the year ended 31 July 2024

	2024 £	2023 £
Turnover	424,168	232,257
Cost of sales	(402,879)	(253,934)
Gross profit/loss	21,289	(21,677)
Administrative expenses	(3,310)	(5,146)
Operating profit/(loss)	17,979	(26,823)
Profit/(Loss) on ordinary activities before taxation	17,979	(26,823)
Tax on profit on ordinary activities	0	0
Profit/(Loss) for the financial year	17,979	(26,823)

4

Allycom ltd
Statement of Financial Position
As at 31 July 2024

	Notes	2024 £	2023 £
Current assets
Cash at bank and in hand		15,403	632
Net current assets		15,403	632

Total assets less current liabilities		15,403	632
Net assets		15,403	632

Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account	4	14,403	(368)
Shareholders' funds		15,403	632

For the year ended 31 July 2024 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director on 02 April 2025 and were signed by:

-------------------------------
Rasim Ibrahimov
Director

5

Allycom ltd
Notes to the Financial Statements
For the year ended 31 July 2024

General Information

Allycom ltd is a private company, limited by shares, registered in England and Wales, registration number 11459551, registration address 61 Bridge Street, Kington, HR5 3DJ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 0 (2023 : 0).

3.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
1,000 Class A shares of £1.00 each	1,000		1,000
	1,000		1,000

4.

Profit and loss account

	2024 £
Balance at 01 August 2023	(368)
Profit for the year	17,979
Equity Dividends Paid	(3,208)
Balance at 31 July 2024	14,403

6

Allycom ltd
Detailed Income Statement
For the year ended 31 July 2024

	2024 £		2023 £
Turnover
Sales		424,168		232,257
		424,168		232,257
Cost of sales
Purchases	402,879		253,934
		(402,879)		(253,934)
Gross Profit/Loss		21,289		(21,677)
Administrative expenses
Legal and Professional Fees (Allowable)	3,090		1,678
Bank Charges	208		26
Exchange Rate Losses/Gains	12		0
Sundry Expenses	0		3,442
		(3,310)		(5,146)
Operating profit/(loss)		17,979		(26,823)
Profit/(Loss) on ordinary activities before taxation		17,979		(26,823)
Profit/(Loss) for the financial year		17,979		(26,823)

7