Registration number:
Alteriors Design and Build Ltd
for the Year Ended 31 May 2024
Pages for filing with Registrar
Alteriors Design and Build Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Alteriors Design and Build Ltd
Company Information
Director |
M M Colfer |
Registered office |
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Registered number |
12625371 |
Accountant |
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Alteriors Design and Build Ltd
(Registration number: 12625371)
Balance Sheet as at 31 May 2024
Note |
2024 |
2023 |
|
Fixed assets |
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Tangible assets |
6,591 |
5,525 |
|
Current assets |
|||
Debtors |
74,791 |
3,479 |
|
Cash at bank and in hand |
65,540 |
84,399 |
|
140,331 |
87,878 |
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Creditors: Amounts falling due within one year |
(120,785) |
(55,405) |
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Net current assets |
19,546 |
32,473 |
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Net assets |
26,137 |
37,998 |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Profit and loss account |
26,136 |
37,997 |
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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:
• |
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• |
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
Alteriors Design and Build Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Alteriors Design and Build Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Tangible fixed assets |
Motor vehicles |
Tools |
Total |
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Cost |
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At 1 June 2023 |
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Additions |
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At 31 May 2024 |
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Depreciation |
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At 1 June 2023 |
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Charge for the year |
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At 31 May 2024 |
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Carrying amount |
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At 31 May 2024 |
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At 31 May 2023 |
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Debtors: amounts falling due within one year |
2024 |
2023 |
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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
Creditors |
2024 |
2023 |
|
Amounts falling due within one year |
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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 |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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1 |
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1 |