Alloc Modulo Limited
Unaudited Financial Statements
For Filing with Registrar
For the period ended 30 November 2017
Company Registration No. 10487086 (England and Wales)
Alloc Modulo Limited
Company Information
Director
Mr M Kerz
(Appointed 18 November 2016)
Company number
10487086
Registered office
Flat 26
Ruffin House
Roseberry Place
London
E8 3GB
Accountants
Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD
Alloc Modulo Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Alloc Modulo Limited
Balance Sheet
As at 30 November 2017
Page 1
2017
Notes
£
£
Current assets
Debtors
3
44
Cash at bank and in hand
3,398
3,442
Creditors: amounts falling due within one year
4
(1,866)
Net current assets
1,576
Capital and reserves
Called up share capital
5
50
Profit and loss reserves
1,526
Total equity
1,576
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 16 August 2018
Mr M Kerz
Director
Company Registration No. 10487086
Alloc Modulo Limited
Notes to the Financial Statements
For the period ended 30 November 2017
Page 2
1
Accounting policies
Company information
Alloc Modulo Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Flat 26, Ruffin House, Roseberry Place, London, E8 3GB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) section 1A and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director has adopted the going concern basis of accounting in preparing the financial statements.
1.3
Reporting period
There are no comparative figures, as this is the entity's first set of financial statements, and hence the period is longer than 12 months.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received
for software development
services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
1.5
Financial instruments
Basic financial instruments are recognised at cost. The company has no other financial instruments or basic financial instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Alloc Modulo Limited
Notes to the Financial Statements (Continued)
For the period ended 30 November 2017
1
Accounting policies
(Continued)
Page 3
1.7
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (excluding directors) employed by the company during the period was nil.
3
Debtors
2017
Amounts falling due within one year:
£
Other debtors
44
4
Creditors: amounts falling due within one year
2017
£
Corporation tax
366
Other creditors
1,500
1,866
5
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
50 Ordinary shares of £1 each
50
50
6
Controlling party
The company remained under control of its director for the full period.