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FINANCIAL STATEMENTS |
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FOR THE PERIOD 24 MAY 2019 TO 31 DECEMBER 2019 |
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ALVA TECH LTD |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD 24 MAY 2019 TO 31 DECEMBER 2019 |
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FOR |
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ALVA TECH LTD |
ALVA TECH LTD (REGISTERED NUMBER: 12017113) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 MAY 2019 TO 31 DECEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ALVA TECH LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 24 MAY 2019 TO 31 DECEMBER 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
4 Prince Albert Road |
London |
NW1 7SN |
ALVA TECH LTD (REGISTERED NUMBER: 12017113) |
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BALANCE SHEET |
31 DECEMBER 2019 |
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Notes | £ |
FIXED ASSETS |
Intangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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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 | 7 |
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Share premium |
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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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ALVA TECH LTD (REGISTERED NUMBER: 12017113) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 MAY 2019 TO 31 DECEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Alva Tech Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Development |
costs |
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COST |
Additions |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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The development costs will be capitalised until the product is finished then amortised over 5 years. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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ALVA TECH LTD (REGISTERED NUMBER: 12017113) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 24 MAY 2019 TO 31 DECEMBER 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £0.01 | 10 |
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1,000 Ordinary shares of £0.001 each were allotted for cash at par on incorporation. |
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On the 21st September 2019 42 Ordinary shares of £0.001 each were issued and allotted as fully paid at a premium of £2,380.94 per share. |