Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Business support2023-01-01false1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12668261 2023-01-01 2023-12-31 12668261 2022-01-01 2022-12-31 12668261 2023-12-31 12668261 2022-12-31 12668261 2022-01-01 12668261 c:Director4 2023-01-01 2023-12-31 12668261 d:OfficeEquipment 2023-01-01 2023-12-31 12668261 d:OfficeEquipment 2023-12-31 12668261 d:OfficeEquipment 2022-12-31 12668261 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12668261 d:CurrentFinancialInstruments 2023-12-31 12668261 d:CurrentFinancialInstruments 2022-12-31 12668261 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12668261 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12668261 d:ShareCapital 2023-01-01 2023-12-31 12668261 d:ShareCapital 2023-12-31 12668261 d:ShareCapital 2022-01-01 2022-12-31 12668261 d:ShareCapital 2022-12-31 12668261 d:ShareCapital 2022-01-01 12668261 d:SharePremium 2023-01-01 2023-12-31 12668261 d:SharePremium 2023-12-31 12668261 d:SharePremium 2022-01-01 2022-12-31 12668261 d:SharePremium 2022-12-31 12668261 d:SharePremium 2022-01-01 12668261 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2023-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2022-12-31 12668261 d:RetainedEarningsAccumulatedLosses 2022-01-01 12668261 c:FRS102 2023-01-01 2023-12-31 12668261 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12668261 c:FullAccounts 2023-01-01 2023-12-31 12668261 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12668261 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12668261









THE PROFESSIONAL ALTERNATIVE GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
REGISTERED NUMBER: 12668261

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,254
2,210

  
1,254
2,210

Current assets
  

Debtors: amounts falling due within one year
 5 
12,167
7,200

Cash at bank and in hand
 6 
127,580
119,250

  
139,747
126,450

Creditors: amounts falling due within one year
 7 
(172,669)
(169,149)

Net current liabilities
  
 
 
(32,922)
 
 
(42,699)

Total assets less current liabilities
  
(31,668)
(40,489)

  

Net liabilities
  
(31,668)
(40,489)


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
1,100,909
831,509

Profit and loss account
  
(1,132,581)
(872,002)

  
(31,668)
(40,489)


Page 1

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
REGISTERED NUMBER: 12668261
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 April 2024.




Sarah Katherine Bagshaw
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2023
4
831,509
(872,002)
(40,489)


Comprehensive income for the year

Loss for the year

-
-
(260,579)
(260,579)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(260,579)
(260,579)


Contributions by and distributions to owners

Shares issued during the year
-
269,400
-
269,400


Total transactions with owners
-
269,400
-
269,400


At 31 December 2023
4
1,100,909
(1,132,581)
(31,668)


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£

At 1 January 2022
4
470,499
(406,188)
64,315


Comprehensive income for the year

Loss for the year

-
-
(465,814)
(465,814)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(465,814)
(465,814)


Contributions by and distributions to owners

Shares issued during the year
-
361,010
-
361,010


Total transactions with owners
-
361,010
-
361,010


At 31 December 2022
4
831,509
(872,002)
(40,489)


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Professional Alternative Group Limited is a private company incorporated in England. 
The company’s registered office is 35 Basepoint Business Centre, Aviation Park West, Christchurch BN23 6NX.
These financial statements are presented in £ Sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 5

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

2023
2022
£
£

Wages and salaries
266,797
277,241

Social security costs
29,939
30,605

Pension costs
6,288
5,661

303,024
313,507


The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







11
11

Page 7

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
3,825



At 31 December 2023

3,825



Depreciation


At 1 January 2023
1,615


Charge for the year on owned assets
956



At 31 December 2023

2,571



Net book value



At 31 December 2023
1,254



At 31 December 2022
2,210


5.


Debtors

2023
2022
£
£


Trade debtors
12,167
7,200

12,167
7,200


6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
127,580
119,250

127,580
119,250


Page 8

 
THE PROFESSIONAL ALTERNATIVE GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Investor loans
127,237
126,386

Trade creditors
23,330
22,866

Other taxation and social security
16,391
18,359

Other creditors
5,711
1,538

172,669
169,149


 
Page 9