REGISTERED NUMBER: 10792393 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ALGONET SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Jodzichski

O Sushentsova

REGISTERED OFFICE:

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

BUSINESS ADDRESS:

12A South Park Road

Wimbledon

London

SW19 8SU

REGISTERED NUMBER:

10792393 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Tangible assets

4

26,327

37,227

CURRENT ASSETS

Debtors

5

79,852

90,976

Cash at bank

25,843

31,153

105,695

122,129

CREDITORS

Amounts falling due within one year

6

19,832

25,280

NET CURRENT ASSETS

85,863

96,849

TOTAL ASSETS LESS CURRENT LIABILITIES

112,190

134,076

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

112,090

133,976

SHAREHOLDERS' FUNDS

112,190

134,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

A Jodzichski - Director

1.	STATUTORY INFORMATION

ALGOnet Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Motor Vehicles - 30% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

899

45,784

5,001

51,684

Additions

-

-

666

666

Disposals

-

-

(2,058

)

(2,058

)

At 31 March 2025

899

45,784

3,609

50,292

DEPRECIATION

At 1 April 2024

131

9,945

4,381

14,457

Charge for year

225

10,752

589

11,566

Eliminated on disposal

-

-

(2,058

)

(2,058

)

At 31 March 2025

356

20,697

2,912

23,965

NET BOOK VALUE

At 31 March 2025

543

25,087

697

26,327

At 31 March 2024

768

35,839

620

37,227

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

79,852

90,976

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

18,831

24,300

Other creditors

1,001

980

19,832

25,280

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company was owed £250 (in 2024: £250 ) from A Jodzichski in relation to his director's current account. This loan is unsecured, non interest bearing and has no repayment terms.

At the balance sheet date the company was owed £250 (in 2024: £259 ) from O Sushentsova in relation to her director's current account. This loan is unsecured, non interest bearing and has no repayment terms.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £70,000 (2024: £79,000) from Shela Invest Ltd, a company under common control. The loan bears no interest and there are no repayment terms.