Aligator Systems (UK) Ltd Filleted accounts for Companies House (small and micro)

ALIGATOR SYSTEMS (UK) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 4736798

Aligator Systems (UK) Ltd

Filleted Unaudited Financial Statements

For the Year Ended

30 June 2021

Aligator Systems (UK) Ltd

Financial Statements

Year Ended 30th June 2021

Contents	Page

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements	1

Statement of Financial Position	2

Notes to the Financial Statements	4

Aligator Systems (UK) Ltd

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Aligator Systems (UK) Ltd

Year Ended 30th June 2021

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30th June 2021, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

PEYTON TYLER MEARS Chartered accountants

Middleborough House 16 Middleborough Colchester Essex CO1 1QT

29 March 2022

Aligator Systems (UK) Ltd

Statement of Financial Position

30 June 2021

	2021		2020
Note	£	£	£

Fixed Assets

Intangible assets	5	2,000	3,000
Tangible assets	6	229	456
		-------	-------
		2,229	3,456

Current Assets

Stocks		42,351	15,601
Debtors	7	41,776	46,618
Cash at bank and in hand		94,839	57,422
		---------	---------
		178,966	119,641

Creditors: amounts falling due within one year	8	69,789		70,538
		---------		---------
Net Current Assets			109,177	49,103
			---------	--------
Total Assets Less Current Liabilities			111,406	52,559

Creditors: amounts falling due after more than one year	9	45,000	–
		---------	--------
Net Assets		66,406	52,559
		---------	--------

Capital and Reserves

Called up share capital	100	100
Profit and loss account	66,306	52,459
	--------	--------
Shareholders Funds	66,406	52,559
	--------	--------

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 30th June 2021 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 .

Aligator Systems (UK) Ltd

Statement of Financial Position (continued)

30 June 2021

These financial statements were approved by the board of directors and authorised for issue on 29 March 2022 , and are signed on behalf of the board by:

S.J. Conway
Director

Company registration number: 4736798

Aligator Systems (UK) Ltd

Notes to the Financial Statements

Year Ended 30th June 2021

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Fixtures and fittings	-	15% straight line
Equipment	-	25% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

5. Intangible Assets

	Goodwill
	£
Cost
At 1st July 2020 and 30th June 2021	20,000
	--------
Amortisation
At 1st July 2020	17,000
Charge for the year	1,000
	--------
At 30th June 2021	18,000
	--------
Carrying amount
At 30th June 2021	2,000
	--------
At 30th June 2020	3,000
	--------

6. Tangible Assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1st July 2020 and 30th June 2021	1,493	5,232	6,725
	-------	-------	-------
Depreciation
At 1st July 2020	1,493	4,776	6,269
Charge for the year	–	227	227
	-------	-------	-------
At 30th June 2021	1,493	5,003	6,496
	-------	-------	-------
Carrying amount
At 30th June 2021	–	229	229
	-------	-------	-------
At 30th June 2020	–	456	456
	-------	-------	-------

7. Debtors

	2021	2020
	£	£
Trade debtors	41,776	46,337
Other debtors	–	281
	--------	--------
	41,776	46,618
	--------	--------

8. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	( 281)	10,162
Corporation tax	4,453	–
Social security and other taxes	10,165	8,159
Other creditors	55,452	52,217
	--------	--------
	69,789	70,538
	--------	--------

9. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Bank loans and overdrafts	45,000	–
	--------	----