Alfametrics Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11496286 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2022

FOR

ALFAMETRICS LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Debtors

5

25,355

25,468

Cash at bank

840

368

26,195

25,836

CREDITORS

Amounts falling due within one year

6

10,148

8,932

NET CURRENT ASSETS

16,047

16,904

TOTAL ASSETS LESS CURRENT LIABILITIES

16,047

16,904

CREDITORS

Amounts falling due after more than one year

7

19,982

21,158

NET LIABILITIES

(3,935

)

(4,254

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(3,936

)

(4,255

)

SHAREHOLDERS' FUNDS

(3,935

)

(4,254

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 May 2023 and were signed by:

Mr D Rustambekov - Director

1.	STATUTORY INFORMATION

Alfametrics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11496286

Registered office:

12 Hollington Court

Chislehurst

Kent

BR7 5AJ

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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 on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The accounts have been prepared on a going concern basis not withstanding the excess of current liabilities over current assets. The Director has confirmed his intention to continue his support to the company for the foreseeable future.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Deferred tax asset

Tax losses carried forward

762

875

762

875

Amounts falling due after more than one year:

Other debtors

24,593

24,593

Aggregate amounts

25,355

25,468

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts (see note 8)

3,309

3,896

Director's current account

5,980

4,556

Accruals and deferred income

859

480

10,148

8,932

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans (see note 8)

19,982

21,158

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

6,745

-

8.

LOANS

An analysis of the maturity of loans is given below:

2022

2021

£

£

Amounts falling due within one year or on demand:

Bank loans

3,309

3,896

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,309

3,993

Amounts falling due between two and five years:

Bank loans - 2-5 years

9,928

17,165

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

6,745

-

9.	DEFERRED TAX

£

Balance at 1 September 2021

(875

)

Charge to Profit and loss account during year

113

Balance at 31 August 2022

(762

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

£1

1

1

11.	RELATED PARTY DISCLOSURES

The company has made a convertible interest-free loan of £18,500 in 2020 to the spouse of its director. The loan is repayable within four years.