Company registration number 05479393 (England and Wales)
SERVICE ALLIANCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
SERVICE ALLIANCE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SERVICE ALLIANCE LTD
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
41,306
52,654
Current assets
Stocks
2,300
1,570
Debtors
4
126,307
54,977
Cash at bank and in hand
129,504
146,651
258,111
203,198
Creditors: amounts falling due within one year
5
(194,504)
(193,590)
Net current assets
63,607
9,608
Net assets
104,913
62,262
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
104,713
62,062
Total equity
104,913
62,262
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 August 2024 and are signed on its behalf by:
Mr AM Hodgson
Director
Company Registration No. 05479393
SERVICE ALLIANCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Service Alliance Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 505 Accrington Road, Burnley, Lancashire, United Kingdom, BB11 5QD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have confirmed their willingness to continue to support the company and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
over the term of the lease
Office equipment
25% per annum straight line
Motor vehicles
25% per annum straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
SERVICE ALLIANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
104
68
3
Tangible fixed assets
Leasehold improvements
Office equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
20,902
36,635
113,682
171,219
Additions
2,998
8,380
11,378
Disposals
(23,000)
(23,000)
At 30 April 2024
20,902
39,633
99,062
159,597
Depreciation and impairment
At 1 May 2023
20,902
34,996
62,667
118,565
Depreciation charged in the year
1,281
14,604
15,885
Eliminated in respect of disposals
(16,159)
(16,159)
At 30 April 2024
20,902
36,277
61,112
118,291
Carrying amount
At 30 April 2024
3,356
37,950
41,306
At 30 April 2023
1,639
51,015
52,654
SERVICE ALLIANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
79,342
48,098
Amounts owed by group undertakings
35,000
Other debtors
11,965
6,879
126,307
54,977
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,921
9,326
Taxation and social security
89,046
95,399
Other creditors
94,537
88,865
194,504
193,590