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
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
LOW CARBON ALLIANCE LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
5,980
6,567
Cash at bank and in hand
270,663
103,983
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
Net assets
452,257
448,976
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
LOW CARBON ALLIANCE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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.
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
At 31 March 2024
4,320
10,939
15,259
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
At 31 March 2024
1,940
4,040
5,980
At 31 March 2023
2,511
4,056
6,567
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,618
6,618
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
7
Creditors: amounts falling due after more than one year
2024
2023
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
-
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).