Allies Project Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12127690

ALLIES PROJECT MANAGEMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

ALLIES PROJECT MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		1,511		2,046

CURRENT ASSETS

Debtors	6	36,206	23,200
Cash at bank and in hand		73,222	79,051
		---------	---------
		109,428	102,251

CREDITORS: amounts falling due within one year	7	102,407		88,467
		---------		---------
NET CURRENT ASSETS			7,021		13,784
			-------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			8,532		15,830

CREDITORS: amounts falling due after more than one year	8	4,409	14,806
		-------	--------
NET ASSETS		4,123	1,024
		-------	--------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	4,023	924
	-------	-------
SHAREHOLDERS FUNDS	4,123	1,024
	-------	-------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ALLIES PROJECT MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr M L Balducci

Director

Company registration number: 12127690

ALLIES PROJECT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 The Gateway, Watford, WD18 7HW.

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.

Income tax

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

	Office equipment	-	33% straight line

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. TANGIBLE ASSETS

	Office equipment
	£
Cost
At 1 January 2024	3,976
Additions	708
	-------
At 31 December 2024	4,684
	-------
Depreciation
At 1 January 2024	1,930
Charge for the year	1,243
	-------
At 31 December 2024	3,173
	-------
Carrying amount
At 31 December 2024	1,511
	-------
At 31 December 2023	2,046
	-------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	26,518	–
Other debtors	9,688	23,200
	--------	--------
	36,206	23,200
	--------	--------

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,397	10,140
Trade creditors	23,957	23,959
Corporation tax	5,577	7,735
Social security and other taxes	17,933	9,121
Other creditors	44,543	37,512
	---------	--------
	102,407	88,467
	---------	--------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,409	14,806
	-------	--------

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M L Balducci	23,200	10,000	( 23,512)	9,688
	--------	--------	--------	-------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M L Balducci	18,915	23,512	( 19,227)	23,200
	--------	--------	--------	--------

The loan was fully repaid within 9 months of the year-end.