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Company Registration No. 07116214 (England and Wales)
LOW CARBON ALLIANCE LIMITED Unaudited accounts for the year ended 31 March 2024
LOW CARBON ALLIANCE LIMITED Unaudited accounts Contents
Page
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LOW CARBON ALLIANCE LIMITED Company Information for the year ended 31 March 2024
Directors
S J Crowe K G Crowe
Company Number
07116214 (England and Wales)
Registered Office
Suite 10, George House 64 High Street Tring Herts HP23 4AF
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LOW CARBON ALLIANCE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,980 
6,567 
Current assets
Debtors
373,032 
997,048 
Cash at bank and in hand
270,663 
103,983 
643,695 
1,101,031 
Creditors: amounts falling due within one year
(165,036)
(621,862)
Net current assets
478,659 
479,169 
Total assets less current liabilities
484,639 
485,736 
Creditors: amounts falling due after more than one year
(31,246)
(36,760)
Provisions for liabilities
Deferred tax
(1,136)
- 
Net assets
452,257 
448,976 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
452,256 
448,975 
Shareholders' funds
452,257 
448,976 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by
S J Crowe Director Company Registration No. 07116214
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LOW CARBON ALLIANCE LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
LOW CARBON ALLIANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07116214. The registered office is Suite 10, George House, 64 High Street, Tring, Herts, HP23 4AF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
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 accounts. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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LOW CARBON ALLIANCE LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
3,811 
8,220 
12,031 
Additions
509 
2,719 
3,228 
At 31 March 2024
4,320 
10,939 
15,259 
Depreciation
At 1 April 2023
1,300 
4,164 
5,464 
Charge for the year
1,080 
2,735 
3,815 
At 31 March 2024
2,380 
6,899 
9,279 
Net book value
At 31 March 2024
1,940 
4,040 
5,980 
At 31 March 2023
2,511 
4,056 
6,567 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
226,970 
827,540 
Accrued income and prepayments
3,926 
25,372 
Other debtors
142,136 
144,136 
373,032 
997,048 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,618 
6,618 
VAT
72,001 
131,721 
Trade creditors
27,822 
284,496 
Taxes and social security
19,988 
110,873 
Other creditors
1,696 
2,179 
Loans from directors
5,823 
23,859 
Accruals
31,088 
62,116 
165,036 
621,862 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,246 
36,760 
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LOW CARBON ALLIANCE LIMITED Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,136 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
1,136 
- 
Provision at end of year
1,136 
- 
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
9
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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