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REGISTERED NUMBER: 02117121 (England and Wales)









ALLIANCE FINANCIAL CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






ALLIANCE FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02117121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLIANCE FINANCIAL CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mrs S Y Leung
L W Leung





SECRETARY: Mrs S Y Leung





REGISTERED OFFICE: 26 Ladywell Walk
Birmingham
West Midlands
B5 4ST





REGISTERED NUMBER: 02117121 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9-11 Vittoria Street
Birmingham
B1 3ND

ALLIANCE FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02117121)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,622,074 1,648,487

CURRENT ASSETS
Debtors 5 461,664 397,525
Cash at bank 905,834 747,451
1,367,498 1,144,976
CREDITORS
Amounts falling due within one year 6 842,016 780,161
NET CURRENT ASSETS 525,482 364,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,147,556

2,013,302

CREDITORS
Amounts falling due after more than
one year

7

(96,259

)

(108,678

)

PROVISIONS FOR LIABILITIES (517 ) (747 )
NET ASSETS 2,050,780 1,903,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,050,680 1,903,777
SHAREHOLDERS' FUNDS 2,050,780 1,903,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ALLIANCE FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02117121)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mrs S Y Leung - Director


ALLIANCE FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02117121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Alliance Financial Consultants Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ALLIANCE FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02117121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 1,882,412 37,518 1,919,930
Additions 11,778 - 11,778
At 30 September 2023 1,894,190 37,518 1,931,708
DEPRECIATION
At 1 October 2022 237,187 34,256 271,443
Charge for year 37,648 543 38,191
At 30 September 2023 274,835 34,799 309,634
NET BOOK VALUE
At 30 September 2023 1,619,355 2,719 1,622,074
At 30 September 2022 1,645,225 3,262 1,648,487

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 8,784 145

Amounts falling due after more than one year:
Other debtors 452,880 397,380

Aggregate amounts 461,664 397,525

ALLIANCE FINANCIAL CONSULTANTS LIMITED (REGISTERED NUMBER: 02117121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,927 12,700
Trade creditors 370,167 393,891
Taxation and social security 66,341 49,566
Other creditors 392,581 324,004
842,016 780,161

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 96,259 108,678

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 76,216 95,978