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REGISTERED NUMBER: 09697258 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

ALWAYS POSSIBLE LIMITED

ALWAYS POSSIBLE LIMITED (REGISTERED NUMBER: 09697258)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALWAYS POSSIBLE LIMITED

Company Information
for the year ended 31 July 2024







DIRECTORS: R P Freeman
M Searle





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 09697258 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

ALWAYS POSSIBLE LIMITED (REGISTERED NUMBER: 09697258)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 1,790 1,790
Tangible assets 5 771 638
2,561 2,428

CURRENT ASSETS
Debtors 6 87,293 84,471
Cash at bank 4,580 296
91,873 84,767
CREDITORS
Amounts falling due within one year 7 (141,298 ) (110,125 )
NET CURRENT LIABILITIES (49,425 ) (25,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(46,864

)

(22,930

)

CREDITORS
Amounts falling due after more than one
year

8

(91,010

)

(89,162

)
NET LIABILITIES (137,874 ) (112,092 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 12,478 12,478
Retained earnings (151,352 ) (125,570 )
SHAREHOLDERS' FUNDS (137,874 ) (112,092 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ALWAYS POSSIBLE LIMITED (REGISTERED NUMBER: 09697258)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





R P Freeman - Director


ALWAYS POSSIBLE LIMITED (REGISTERED NUMBER: 09697258)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Always Possible 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 fair value of consideration received or receivable net of VAT and trade discounts.

Revenue, from the sale of management consultancy services, is recognised at the point of sale.

Revenue from the provision of business support services are recognised at the point when services are rendered.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment-25% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


ALWAYS POSSIBLE LIMITED (REGISTERED NUMBER: 09697258)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 August 2023
and 31 July 2024 1,790
NET BOOK VALUE
At 31 July 2024 1,790
At 31 July 2023 1,790

ALWAYS POSSIBLE LIMITED (REGISTERED NUMBER: 09697258)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 August 2023 2,854
Additions 479
At 31 July 2024 3,333
DEPRECIATION
At 1 August 2023 2,216
Charge for year 346
At 31 July 2024 2,562
NET BOOK VALUE
At 31 July 2024 771
At 31 July 2023 638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 76,738 67,282
Other debtors 10,555 17,189
87,293 84,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 44,994 32,568
Trade creditors 6,013 14,486
Taxation and social security 76,314 44,590
Other creditors 13,977 18,481
141,298 110,125

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 56,811 89,162
Other creditors 34,199 -
91,010 89,162

ALWAYS POSSIBLE LIMITED (REGISTERED NUMBER: 09697258)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,876 11,634

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary 1 1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
R P Freeman
Balance outstanding at start of year 6,282 6,781
Amounts advanced 64,251 47,589
Amounts repaid (104,730 ) (48,088 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (34,197 ) 6,282