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REGISTERED NUMBER: 09012707 (England and Wales)















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: A M Thomas





REGISTERED OFFICE: Ludgate House
Fleet Street
London
EC4A 2AB





REGISTERED NUMBER: 09012707 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
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 - 1,001

CURRENT ASSETS
Debtors 5 93,508 378,277
Cash at bank 26 8,619
93,534 386,896
CREDITORS
Amounts falling due within one year 6 63,865 166,672
NET CURRENT ASSETS 29,669 220,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,669

221,225

CREDITORS
Amounts falling due after more than
one year

7

28,333

38,333
NET ASSETS 1,336 182,892

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 336 181,892
SHAREHOLDERS' FUNDS 1,336 182,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

ALTERNATIVE COSTS LTD (REGISTERED NUMBER: 09012707)

BALANCE SHEET - continued
31 JULY 2022


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 2 November 2024 and were signed by:





A M Thomas - Director


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 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.

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
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 represents the invoiced value of work done, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 33% on cost
Fixtures and fittings - 25% on reducing balance

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 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Office and
Equipment fittings Totals
£    £    £   
COST
At 1 August 2021 3,427 5,790 9,217
Disposals (3,427 ) (5,790 ) (9,217 )
At 31 July 2022 - - -
DEPRECIATION
At 1 August 2021 3,287 4,929 8,216
Charge for year 75 215 290
Eliminated on disposal (3,362 ) (5,144 ) (8,506 )
At 31 July 2022 - - -
NET BOOK VALUE
At 31 July 2022 - - -
At 31 July 2021 140 861 1,001

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/22 31/7/21
£    £   
Trade debtors - 71,896
Amounts owed by group undertakings 71,714 288,114
Amounts owed by associates 21,794 -
Tax - 15,000
Deferred tax asset - 3,000
Prepayments and accrued income - 267
93,508 378,277

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 32,872 10,000
Trade creditors 8,648 22,514
Amounts owed to associates - 27,213
Tax 18,495 36,083
Social security and other taxes - (289 )
VAT - 61,555
Other creditors - 5,746
Accrued expenses 3,850 3,850
63,865 166,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/7/22 31/7/21
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 18,333 28,333
28,333 38,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/22 31/7/21
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 August 2021 181,892
Profit for the year 58,444
Dividends (240,000 )
At 31 July 2022 336

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.