REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2022 |
FOR |
ALTERNATIVE COSTS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2022 |
FOR |
ALTERNATIVE COSTS LTD |
ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ALTERNATIVE COSTS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Oaktree Court Business Ctr |
Mill Lane |
Ness |
Cheshire |
CH64 8TP |
ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707) |
BALANCE SHEET |
31 JULY 2022 |
31/7/22 | 31/7/21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707) |
BALANCE SHEET - continued |
31 JULY 2022 |
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 |
ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2022 |
1. | STATUTORY INFORMATION |
Alternative Costs Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
Transactions are rounded to the nearest £. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the invoiced value of work done, excluding value added tax. |
Tangible fixed assets |
Office Equipment | - |
Fixtures and fittings | - |
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. |
ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Office | and |
Equipment | fittings | Totals |
£ | £ | £ |
COST |
At 1 August 2021 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 July 2022 |
DEPRECIATION |
At 1 August 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/22 | 31/7/21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts owed by associates |
Tax |
Deferred tax asset |
Prepayments and accrued income |
ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2022 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/22 | 31/7/21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | - | 27,213 |
Tax |
Social security and other taxes | ( |
) |
VAT | - | 61,555 |
Other creditors |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/7/22 | 31/7/21 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/7/22 | 31/7/21 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2021 |
Profit for the year |
Dividends | ( |
) |
At 31 July 2022 |
ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2022 |
10. | RELATED PARTY DISCLOSURES |
ANDREW M THOMAS CONSULTING LTD |
The parent undertaking of Alternative Costs Ltd. |
At the year ended 31 July 2021, Alternative Costs Ltd had a debtor balance of £288,114 relating to Andrew M Thomas Consulting Ltd. During the year ended 31 July 2022, repayments were received of £18,000 and further funds of £41,600 were advanced, whilst dividends paid to the parent company amounted to £240,000. These transactions reduced the the debtor balance at 31 July 2022 to £71,714. The debtor balance is interest free, has no fixed repayment date and is unsecured. |
11. | ULTIMATE CONTROLLING PARTY |
The parent undertaking of Alternative Costs Ltd is Andrew M Thomas Consulting Ltd which has registered office Ludgate House, Fleet Street, London, UK EC4A 2AB. |