Registered number
05869774
Alpha to Omega Creative Business Solutions Ltd
Unaudited Filleted Accounts
30 September 2023
API Partnership Limited t/a Chandler & Georges
Chartered Accountants
75 Westow Hill
Crystal Palace
London
SE19 1TX
www.cgca.co.uk
Mob: 0208 761 2213
Alpha to Omega Creative Business Solutions Ltd
Registered number: 05869774
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,578 6,467
Current assets
Debtors 4 8,229 9,829
Cash at bank and in hand 5,311 11,353
13,540 21,182
Creditors: amounts falling due within one year 5 (17,372) (21,210)
Net current liabilities (3,832) (28)
Total assets less current liabilities 1,746 6,439
Creditors: amounts falling due after more than one year 6 - (4,776)
Provisions for liabilities (1,184) (1,184)
Net assets 562 479
Capital and reserves
Called up share capital 2 2
Profit and loss account 560 477
Shareholders' funds 562 479
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Clayton
Director
Approved by the board on 14 December 2023
Alpha to Omega Creative Business Solutions Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Fixtures, fittings, tools and equipment 25% straight line
Motor vehicles 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 57,649 2,984 60,633
Additions 2,620 - 2,620
Disposals (952) - (952)
At 30 September 2023 59,317 2,984 62,301
Depreciation
At 1 October 2022 52,972 1,194 54,166
Charge for the year 2,720 597 3,317
On disposals (760) - (760)
At 30 September 2023 54,932 1,791 56,723
Net book value
At 30 September 2023 4,385 1,193 5,578
At 30 September 2022 4,677 1,790 6,467
4 Debtors 2023 2022
£ £
Trade debtors 1,636 8,309
Other debtors 6,593 1,520
8,229 9,829
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 8,339 11,325
Taxation and social security costs 4,208 5,380
Other creditors 4,825 4,505
17,372 21,210
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 4,776
The bank loan relates to the Bounce Back Loan Scheme (BBLS). The rate of interest is 2.5% and the loan is repayable in instalments (fully repaid in our year September 2023).
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A Clayton
Loan 1,968 19,417 (16,500) 4,885
1,968 19,417 (16,500) 4,885
8 Controlling party
The company is controlled by Mr A Clayton.
9 Other information
Alpha to Omega Creative Business Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
75 Westow Hill
Crystal Palace
London
SE19 1TX
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