ALSITEK_LIMITED - Accounts

The company entered into a number of loan agreements in the prior year totalling £26,000. Interest is payable on the loans at a rate of 5% above base rate.

The loans are repayable on certain events crystallising. When a crystallising event occurs, in addition to the original amount loaned to the company, an additional two times the original amount loaned to the company will then become payable.

The total amount not included in the accounts is £52,000 and has not been provided for within the accounts on the basis that the directors, whilst remaining confident a crystallising event will occur, cannot be certain a crystallising event will occur at the date of signing these financial statements.

The average number of persons (including directors) employed by the company during the year was 4 (2019 - 4).

Alsitek Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, Belmont Place, Belmont Road, MAIDENHEAD, SL6 6TB.

For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.