Aliquantum Limited - Period Ending 2020-11-30
Aliquantum Limited - Period Ending 2020-11-30
Year Ended
Registration number:
Aliquantum Limited
Balance Sheet
30 November 2020
|
Note |
2020 |
2019 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Net (liabilities)/assets |
( |
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Profit and loss account |
( |
|
|
|
Total equity |
( |
|
Aliquantum Limited
Balance Sheet
30 November 2020
For the financial year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
|
......................................... |
Company Registration Number: 08280655
Aliquantum Limited
Notes to the Financial Statements
Year Ended 30 November 2020
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
Despite the balance sheet showing an excess of current liabilities over current assets the financial statements have been prepared on a going concern basis due to the continued financial support of the director.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Aliquantum Limited
Notes to the Financial Statements
Year Ended 30 November 2020
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Motor vehicles |
25% reducing balance |
|
Fixtures and fittings |
20% reducing balance |
|
Office equipment |
20% reducing balance |
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Aliquantum Limited
Notes to the Financial Statements
Year Ended 30 November 2020
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 December 2019 |
|
|
|
|
|
Additions |
- |
|
- |
|
|
At 30 November 2020 |
|
|
|
|
|
Depreciation |
||||
|
At 1 December 2019 |
- |
|
|
|
|
Charge for the year |
- |
|
|
|
|
At 30 November 2020 |
- |
|
|
|
|
Carrying amount |
||||
|
At 30 November 2020 |
|
|
|
|
|
At 30 November 2019 |
|
|
|
|
Included within the net book value of land and buildings above is £225,712 (2019 - £225,712) in respect of freehold land and buildings.
|
Debtors |
|
2020 |
2019 |
|
|
Other debtors |
|
|
|
Prepayments |
- |
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2020 |
2019 |
|
|
Due within one year |
||
|
Other creditors |
|
|
|
Accrued expenses |
|
|
|
|
|