Alverton Digital Services Ltd Filleted accounts for Companies House (small and micro)

ALVERTON DIGITAL SERVICES LTD - Company Information

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COMPANY REGISTRATION NUMBER: 07867646

ALVERTON DIGITAL SERVICES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2021

ALVERTON DIGITAL SERVICES LTD

STATEMENT OF FINANCIAL POSITION

31 December 2021

	2021	2020
Note	£	£

Current assets

Debtors	4	341	941
Cash at bank and in hand		186	27
		----	----
		527	968

Creditors: amounts falling due within one year	5	3,348	2,438
		-------	-------
Net current liabilities		2,821	1,470
		-------	-------
Total assets less current liabilities		( 2,821)	( 1,470)
		-------	-------
Net liabilities		( 2,821)	( 1,470)
		-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 2,921)	( 1,570)
	-------	-------
Shareholders deficit	( 2,821)	( 1,470)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ALVERTON DIGITAL SERVICES LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2021

These financial statements were approved by the board of directors and authorised for issue on 27 September 2022 , and are signed on behalf of the board by:

Mr I G Collard
Director

Company registration number: 07867646

ALVERTON DIGITAL SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL, East Sussex.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's connected company and directors.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

The directors consider that the uncertainty caused in the company's industry as a result of Coronavirus and the restrictions put in place by the government should not materially affect the company's ability to continue as a going concern.

The company may take advantage of the support packages offered by the government, as appropriate and will continue to review and monitor costs as the situation develops.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Debtors

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	341	941
	----	----

5. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	–	26
Trade creditors	1,920	960
Corporation tax	232	536
Other creditors	1,196	916
	-------	-------
	3,348	2,438
	-------	-------

6. Director's advances, credits and guarantees

As at 31 December 2021 the company owed the director £656 (2020: £376)