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REGISTERED NUMBER: 04678045 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ALLIANCE CONTRACTS LIMITED

ALLIANCE CONTRACTS LIMITED (REGISTERED NUMBER: 04678045)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLIANCE CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T Sherwin





REGISTERED OFFICE: 484 Welford Road
Leicester
LE2 6EL





REGISTERED NUMBER: 04678045 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

ALLIANCE CONTRACTS LIMITED (REGISTERED NUMBER: 04678045)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 501,790 430,790
501,790 430,790

CURRENT ASSETS
Debtors 6 1,504,576 1,707,888
Investments 7 1,218,305 607,000
Cash at bank 391,444 30,812
3,114,325 2,345,700
CREDITORS
Amounts falling due within one year 8 1,030,367 913,639
NET CURRENT ASSETS 2,083,958 1,432,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,585,748

1,862,851

PROVISIONS FOR LIABILITIES 9 (37,448 ) (19,698 )

PENSION LIABILITY (1,247,000 ) (385,000 )
NET ASSETS 1,301,300 1,458,153

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,300,300 1,457,153
1,301,300 1,458,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ALLIANCE CONTRACTS LIMITED (REGISTERED NUMBER: 04678045)

BALANCE SHEET - continued
31 MARCH 2024


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 25 November 2024 and were signed by:





T Sherwin - Director


ALLIANCE CONTRACTS LIMITED (REGISTERED NUMBER: 04678045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Alliance Contracts Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

ALLIANCE CONTRACTS LIMITED (REGISTERED NUMBER: 04678045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2023 600,000
Revaluations 71,000
At 31 March 2024 671,000
DEPRECIATION
At 1 April 2023
and 31 March 2024 169,210
NET BOOK VALUE
At 31 March 2024 501,790
At 31 March 2023 430,790

Cost or valuation at 31 March 2024 is represented by:

Freehold
property
£   
Valuation in 2023 600,000
Valuation in 2024 71,000
671,000

ALLIANCE CONTRACTS LIMITED (REGISTERED NUMBER: 04678045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 150,877
Other debtors 1,504,576 1,557,011
1,504,576 1,707,888

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 1,218,305 607,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 486,989
Trade creditors 450 -
Taxation and social security 164,217 24,775
Other creditors 865,700 401,875
1,030,367 913,639

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 37,448 19,698

Deferred Retirement
tax benefits
£    £   
Balance at 1 April 2023 19,698 385,000
Charge to Income Statement during year 17,750 862,000
Balance at 31 March 2024 37,448 1,247,000

10. RELATED PARTY DISCLOSURES

Remuneration of key management personnel

The remuneration of key management personnel is as follows:

2024 2023
£    £   


Aggregate compensation 862,000 385,000