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REGISTERED NUMBER: 12518121 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ALLIANCE POWERED SOLUTIONS LTD

ALLIANCE POWERED SOLUTIONS LTD (REGISTERED NUMBER: 12518121)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLIANCE POWERED SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P R Vine





SECRETARY: Mrs T A Edwards-Vine





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 12518121 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

ALLIANCE POWERED SOLUTIONS LTD (REGISTERED NUMBER: 12518121)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241 321

CURRENT ASSETS
Stocks 5 4,114 2,309
Debtors 6 7,286 9,299
Cash at bank 23,516 14,124
34,916 25,732
CREDITORS
Amounts falling due within one year 7 12,805 16,729
NET CURRENT ASSETS 22,111 9,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,352

9,324

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,252 9,224
SHAREHOLDERS' FUNDS 22,352 9,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:





P R Vine - Director


ALLIANCE POWERED SOLUTIONS LTD (REGISTERED NUMBER: 12518121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Alliance Powered Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is commissions receivable from environmental energy solutions. This is recognised at the date of invoice.

Revenue from the sale of services is recognised by reference to the stage of completion and when the costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ALLIANCE POWERED SOLUTIONS LTD (REGISTERED NUMBER: 12518121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant & Furniture,fittings Computer
machinery & equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 471 133 435 1,039
DEPRECIATION
At 1 April 2023 206 77 435 718
Charge for year 66 14 - 80
At 31 March 2024 272 91 435 798
NET BOOK VALUE
At 31 March 2024 199 42 - 241
At 31 March 2023 265 56 - 321

5. STOCKS
2024 2023
£    £   
Work-in-progress 4,114 2,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,083
Other debtors 6,000 5,000
Deferred tax asset 38 28
Prepayments 1,248 1,188
7,286 9,299

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,294 12,605
VAT 4,940 2,348
Credit card 464 168
Directors' current accounts 866 219
Accrued expenses 1,241 1,389
12,805 16,729

8. DEFERRED TAX
£   
Balance at 1 April 2023 (28 )
Provided during year (10 )
Balance at 31 March 2024 (38 )