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Registration number: 12625371

Alteriors Design and Build Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

Pages for filing with Registrar

 

Alteriors Design and Build Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Alteriors Design and Build Ltd

Company Information

Director

M M Colfer

Registered office

Hill Cottage
47 Brislington Hill
Bristol
BS4 5NJ

Registered number

12625371

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Alteriors Design and Build Ltd

(Registration number: 12625371)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,591

5,525

Current assets

 

Debtors

5

74,791

3,479

Cash at bank and in hand

 

65,540

84,399

 

140,331

87,878

Creditors: Amounts falling due within one year

6

(120,785)

(55,405)

Net current assets

 

19,546

32,473

Net assets

 

26,137

37,998

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

26,136

37,997

Total equity

 

26,137

37,998

 

Alteriors Design and Build Ltd

(Registration number: 12625371)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the director on 14 January 2025
 

.........................................

M M Colfer
Director

 

Alteriors Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hill Cottage
47 Brislington Hill
Bristol
BS4 5NJ
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance and basis of preparation

These financial statements have been prepared using the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared in pounds sterling which is the functional currency of the company.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Alteriors Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are measured at cost, less any subsequent accumulated depreciation and any subsequent accumulated impairment losses. The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged to write off the cost, less estimated residual value, over the estimated useful lives as follows:

Motor vehicles

25% Straight line

Tools

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less a provision for impairment. A provision is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense. The company operates a defined contribution plan. Contributions are expensed as they become payable.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Alteriors Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible fixed assets

Motor vehicles
 £

Tools
£

Total
£

Cost

At 1 June 2023

1,080

7,709

8,789

Additions

1,499

1,855

3,354

At 31 May 2024

2,579

9,564

12,143

Depreciation

At 1 June 2023

803

2,461

3,264

Charge for the year

270

2,018

2,288

At 31 May 2024

1,073

4,479

5,552

Carrying amount

At 31 May 2024

1,506

5,085

6,591

At 31 May 2023

277

5,248

5,525

5

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

-

1,680

Prepayments

74,791

1,139

Directors' loan accounts

-

660

74,791

3,479

 

Alteriors Design and Build Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Creditors

2024
£

2023
£

Amounts falling due within one year

Trade creditors

9,337

10,314

Taxation and social security

15,767

26,026

Other creditors

7,085

3,826

Accruals

42,716

1,750

Corporation tax

11,690

13,489

Directors' loan accounts

34,190

-

120,785

55,405

2024
£

2023
£

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1