Registered number
02030991
Alliance Snooker Ltd
Filleted Accounts
30 April 2024
Alliance Snooker Ltd
Registered number: 02030991
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,846 22,129
Current assets
Stocks 53,970 40,220
Debtors 4 21,811 40,064
Cash at bank and in hand 90,235 98,822
166,016 179,106
Creditors: amounts falling due within one year 5 (27,829) (36,097)
Net current assets 138,187 143,009
Net assets 159,033 165,138
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 149,033 155,138
Shareholders' funds 159,033 165,138
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James Connolly
Director
Approved by the board on 21 November 2024
Alliance Snooker Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Land and buildings Not depreciated
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 16,889 58,894 20,524 96,307
At 30 April 2024 16,889 58,894 20,524 96,307
Depreciation
At 1 May 2023 - 58,348 15,830 74,178
Charge for the year - 109 1,174 1,283
At 30 April 2024 - 58,457 17,004 75,461
Net book value
At 30 April 2024 16,889 437 3,520 20,846
At 30 April 2023 16,889 546 4,694 22,129
4 Debtors 2024 2023
£ £
Trade debtors 15,984 20,673
Other debtors 5,827 19,391
21,811 40,064
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,161 8,999
Taxation and social security costs 8,410 23,412
Other creditors 5,258 3,686
27,829 36,097
6 Other information
Alliance Snooker Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10a Edge Lane
Liverpool
L7 1QX
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