Silverfin false 31/03/2023 01/04/2022 31/03/2023 P Kopec 10/02/2011 23 April 2024 The principal activity of the Company during the financial year was that of insurance advisory services. SC354114 2023-03-31 SC354114 bus:Director1 2023-03-31 SC354114 core:CurrentFinancialInstruments 2023-03-31 SC354114 core:CurrentFinancialInstruments 2022-03-31 SC354114 2022-03-31 SC354114 core:Non-currentFinancialInstruments 2023-03-31 SC354114 core:Non-currentFinancialInstruments 2022-03-31 SC354114 core:ShareCapital 2023-03-31 SC354114 core:ShareCapital 2022-03-31 SC354114 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC354114 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC354114 bus:OrdinaryShareClass1 2023-03-31 SC354114 2022-04-01 2023-03-31 SC354114 bus:FullAccounts 2022-04-01 2023-03-31 SC354114 bus:SmallEntities 2022-04-01 2023-03-31 SC354114 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC354114 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC354114 bus:Director1 2022-04-01 2023-03-31 SC354114 2021-04-01 2022-03-31 SC354114 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 SC354114 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 SC354114 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC354114 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC354114 (Scotland)

ANOTHER LIFE ADVISED LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH THE REGISTRAR

ANOTHER LIFE ADVISED LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

Contents

ANOTHER LIFE ADVISED LTD

BALANCE SHEET

AS AT 31 MARCH 2023
ANOTHER LIFE ADVISED LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2023
Note 2023 2022
£ £
Current assets
Debtors 3 200,060 302,009
Cash at bank and in hand 5,169 26,846
205,229 328,855
Creditors: amounts falling due within one year 4 ( 91,627) ( 206,692)
Net current assets 113,602 122,163
Total assets less current liabilities 113,602 122,163
Creditors: amounts falling due after more than one year 5 ( 26,926) ( 35,836)
Net assets 86,676 86,327
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 86,675 86,326
Total shareholder's funds 86,676 86,327

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Another Life Advised Ltd (registered number: SC354114) were approved and authorised for issue by the Director on 23 April 2024. They were signed on its behalf by:

P Kopec
Director
ANOTHER LIFE ADVISED LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
ANOTHER LIFE ADVISED LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Another Life Advised Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 25 Portland Road, Kilmarnock, KA1 2BT, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents amounts receivable for services and is recognised on an accrual basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2023 2022
£ £
Trade debtors 14,719 3,219
Other debtors 185,341 298,790
200,060 302,009

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,782 10,000
Trade creditors 17,261 100,576
Corporation tax 654 43,788
Other creditors 62,930 52,328
91,627 206,692

There are no amounts included above in respect of which any security has been given by the small entity.

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 26,926 35,836

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 ordinary share of £ 1.00 1 1

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Amounts due from key management personnel 839 53,250

Other related party transactions

2023 2022
£ £
Amounts due to other related parties 17,815 7,513
Amounts due from other related parties 184,502 245,486