Company Registration No. 07941694 (England and Wales)
Alphastorm Limited
Unaudited accounts
for the year ended 31 March 2017
Alphastorm Limited
Unaudited accounts
Contents
Alphastorm Limited
Company Information
for the year ended 31 March 2017
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 2017
Intangible assets
2,623
2,623
Tangible assets
6,168
7,699
Cash at bank and in hand
4,487
99,123
Creditors: amounts falling due within one year
(9,186)
(7,143)
Net current assets
301
96,980
Total assets less current liabilities
9,092
107,302
Creditors: amounts falling due after more than one year
(1,933)
(1,933)
Called up share capital
384
384
Share premium
334,936
334,936
Profit and loss account
(328,161)
(229,951)
Shareholders' funds
7,159
105,369
For the year ending 31 March 2017 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.
Approved by the Board on 20 October 2017.
J Sheldon
Director
Company Registration No. 07941694
Alphastorm Limited
Notes to the Accounts
for the year ended 31 March 2017
Alphastorm Limited is a private company, limited by shares, registered in England and Wales, registration number 07941694. The registered office and principal place of business 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.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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. No amortisation is currently provided.
Alphastorm Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2016
10,566
868
11,434
At 31 March 2017
11,093
868
11,961
At 1 April 2016
3,360
375
3,735
Charge for the year
1,934
124
2,058
At 31 March 2017
5,294
499
5,793
At 31 March 2017
5,799
369
6,168
At 31 March 2016
7,206
493
7,699
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
4,912
2,755
Other creditors
1,506
1,620
Loans from directors
1,268
1,268
8
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
1,933
1,933
Alphastorm Limited
Notes to the Accounts
for the year ended 31 March 2017
9
Average number of employees
During the year the average number of employees was 1 (2016: 1).
