ALGINT Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07913645 (England and Wales)

Unaudited Financial Statements

For The Period 1 February 2020 to 30 June 2021

for

ALGINT Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A L Green

Mrs G Green-Garandel

SECRETARY:

SW Company Secretarial Services Limited

REGISTERED OFFICE:

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

REGISTERED NUMBER:

07913645 (England and Wales)

ACCOUNTANTS:

Hunt Ford & Co

Osborne House

143-145 Stanwell Road

Ashford

Middlesex

TW15 3QN

FIXED ASSETS

Tangible assets

4

2,048

2,730

CURRENT ASSETS

Debtors

5

63,417

85,176

Cash at bank

42,134

66,834

105,551

152,010

CREDITORS

Amounts falling due within one year

6

(43,438

)

42,646

NET CURRENT ASSETS

148,989

109,364

TOTAL ASSETS LESS CURRENT LIABILITIES

151,037

112,094

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

150,935

111,992

SHAREHOLDERS' FUNDS

151,037

112,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2021 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 6 January 2022 and were signed on its behalf by:

A L Green - Director

1.	STATUTORY INFORMATION

ALGINT Limited 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.

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 reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2020

and 30 June 2021

1,780

3,745

5,525

DEPRECIATION

At 1 February 2020

676

2,119

2,795

Charge for period

276

406

682

At 30 June 2021

952

2,525

3,477

NET BOOK VALUE

At 30 June 2021

828

1,220

2,048

At 31 January 2020

1,104

1,626

2,730

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/21

31/1/20

£

£

Trade debtors

63,417

78,396

Other debtors

-

6,780

63,417

85,176

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/21

31/1/20

£

£

Bank loans and overdrafts

430

-

Taxation and social security

47,278

37,670

Other creditors

(91,146

)

4,976

(43,438

)

42,646

7.	RELATED PARTY DISCLOSURES

In note 7 other Loans there is an amount of £100,000 in respect of a Loan made to Mandville Consultancy Limited of which the director is also a director of this Company.