Registered number
11123406
Algoact Ltd
Unaudited Filleted Accounts
31 December 2024
Algoact Ltd
Registered number: 11123406
Balance Sheet
as at 31 December 2024
2024 2023
£ £
Fixed assets 24 1,880
Current assets 47,525 97,707
Prepayments and accrued income 6,360 -
53,885 97,707
Creditors: amounts falling due within one year (10,992) (27,140)
Net current assets 42,893 70,567
Total assets less current liabilities 42,917 72,447
Accruals and deferred income (33) (183)
Net assets 42,884 72,264
Capital and reserves 42,884 72,264
Number Number
Average number of employees 1 1
During the year £5,506 was advanced to a director and £62,724 was repaid to the company. The director's loan balance outstanding at the year end is £36,144. The average interest rate applicable to overdrawn current account was 2.25%. The loan is unsecured and repayable upon demand.
The company is a private company limited by shares and incorporated in England. Its registered office is 318 Grove Road, Mitcham, England, CR4 1AB.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Roy Moshe Rosemarin
Director
Approved by the board on 7 April 2025
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