Company Registration No. 07941694 (England and Wales)
Alphastorm Limited
Unaudited accounts
for the year ended 31 March 2023
Alphastorm Limited
Unaudited accounts
Contents
Alphastorm Limited
Company Information
for the year ended 31 March 2023
Directors
J Sheldon
C Dick
V Kolubayev
Company Number
07941694 (England and Wales)
Registered Office
CEDAR HOUSE
HILLBROW ROAD
ESHER
SURREY
KT10 9UD
Alphastorm Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
32,530
34,343
Creditors: amounts falling due within one year
-
(6,462)
Net current assets
32,530
32,881
Total assets less current liabilities
32,530
37,979
Creditors: amounts falling due after more than one year
(3,395)
(1,933)
Called up share capital
384
384
Share premium
334,936
334,936
Profit and loss account
(306,185)
(299,274)
Shareholders' funds
29,135
36,046
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by
V Kolubayev
Director
Company Registration No. 07941694
Alphastorm Limited
Notes to the Accounts
for the year ended 31 March 2023
Alphastorm Limited is a private company, limited by shares, registered in England and Wales, registration number 07941694. The registered office is CEDAR HOUSE, HILLBROW ROAD, ESHER, SURREY, KT10 9UD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum under reducing balance basis
Fixtures & fittings
25% per annum under reducing balance basis
Expenditure on research and development is written off in the year in which it is incurred.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is currently provided at 25% on reducing balance method.
Alphastorm Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Other
Other increase/(decrease)
(8,315)
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
11,093
868
11,961
Disposals
(11,093)
(868)
(11,961)
At 1 April 2022
9,719
781
10,500
On disposals
(9,719)
(781)
(10,500)
At 31 March 2022
1,374
87
1,461
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
2,717
Loans from directors
-
864
Alphastorm Limited
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
3,395
-
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
