REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 22 MARCH 2019 TO 31 MARCH 2020 |
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FOR |
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ALTACOM INVEST LIMITED |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 22 MARCH 2019 TO 31 MARCH 2020 |
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FOR |
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ALTACOM INVEST LIMITED |
ALTACOM INVEST LIMITED (REGISTERED NUMBER: 11899757) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22 MARCH 2019 TO 31 MARCH 2020 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ALTACOM INVEST LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 22 MARCH 2019 TO 31 MARCH 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
ALTACOM INVEST LIMITED (REGISTERED NUMBER: 11899757) |
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ABRIDGED BALANCE SHEET |
31 MARCH 2020 |
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Notes | £ |
CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ALTACOM INVEST LIMITED (REGISTERED NUMBER: 11899757) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22 MARCH 2019 TO 31 MARCH 2020 |
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1. | STATUTORY INFORMATION |
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Altacom Invest Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The directors are aware of material uncertainties that cast doubt on the company's ability to continue as a |
going concern. As with most businesses, these material uncertainties are in relation to the ongoing Covid-19 |
virus outbreak which has had an impact on the operations, customers, suppliers and staff. The directors have (where appropriate) utilised the grants and benefits available from the government and are taking all the steps they can to protect the future of the business. The directors therefore consider the preparation of the financial statements on a going concern basis to be appropriate. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Foreign currencies |
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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ALTACOM INVEST LIMITED (REGISTERED NUMBER: 11899757) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 22 MARCH 2019 TO 31 MARCH 2020 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |