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REGISTERED NUMBER: 08054558 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

ALWAYS ONWARDS LTD.

ALWAYS ONWARDS LTD. (REGISTERED NUMBER: 08054558)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ALWAYS ONWARDS LTD.

Company Information
for the year ended 31 August 2024







DIRECTORS: D Moorhouse
R Moorhouse





REGISTERED OFFICE: The Business Studio
Southstoke Hall
Southstoke
Bath
BA2 7DL





REGISTERED NUMBER: 08054558 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Always Onwards Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Always Onwards Ltd. for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Always Onwards Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Always Onwards Ltd. and state those matters that we have agreed to state to the Board of Directors of Always Onwards Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Always Onwards Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Always Onwards Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Always Onwards Ltd.. You consider that Always Onwards Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Always Onwards Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


27 May 2025

ALWAYS ONWARDS LTD. (REGISTERED NUMBER: 08054558)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,029 5,260
Investments 5 152,999 152,999
193,028 158,259

CURRENT ASSETS
Debtors 6 16,096 16,002
Cash at bank and in hand 21,350 97,729
37,446 113,731
CREDITORS
Amounts falling due within one year 7 14,341 8,320
NET CURRENT ASSETS 23,105 105,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,133

263,670

CREDITORS
Amounts falling due after more than one
year

8

(10,238

)

-

PROVISIONS FOR LIABILITIES 9 - (999 )
NET ASSETS 205,895 262,671

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 205,795 262,571
SHAREHOLDERS' FUNDS 205,895 262,671

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 ONWARDS LTD. (REGISTERED NUMBER: 08054558)

Balance Sheet - continued
31 August 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 23 May 2025 and were signed on its behalf by:





D Moorhouse - Director


ALWAYS ONWARDS LTD. (REGISTERED NUMBER: 08054558)

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

1. STATUTORY INFORMATION

Always Onwards Ltd. 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.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

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

Revenue is recognised when services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 ONWARDS LTD. (REGISTERED NUMBER: 08054558)

Notes to the Financial Statements - continued
for the year ended 31 August 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.

Pension costs and other post-retirement benefits
Contributions payable to the director's SIPP are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 September 2023 11,831 3,495 15,326
Additions 2,016 40,475 42,491
At 31 August 2024 13,847 43,970 57,817
DEPRECIATION
At 1 September 2023 8,537 1,529 10,066
Charge for year 1,328 6,394 7,722
At 31 August 2024 9,865 7,923 17,788
NET BOOK VALUE
At 31 August 2024 3,982 36,047 40,029
At 31 August 2023 3,294 1,966 5,260

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023
and 31 August 2024 152,999
NET BOOK VALUE
At 31 August 2024 152,999
At 31 August 2023 152,999

ALWAYS ONWARDS LTD. (REGISTERED NUMBER: 08054558)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,794 2,106
Other debtors 14,302 13,896
16,096 16,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,825 -
Trade creditors - 249
Taxation and social security 904 1,492
Other creditors 6,612 6,579
14,341 8,320

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 10,238 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 999

Deferred
tax
£   
Balance at 1 September 2023 999
Accelerated capital allowances (999 )
Balance at 31 August 2024 -

The deferred tax provision relates wholly to accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
800 Ordinary A £0.10 80 80
200 Ordinary B £0.10 20 20
100 100

ALWAYS ONWARDS LTD. (REGISTERED NUMBER: 08054558)

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

10. CALLED UP SHARE CAPITAL - continued

All shares are identical and rank pari passu except for the following provision:

The profits of the company which are resolved to be divided amongst the Members in any year shall be applied in paying to the holders of the respective classes of shares dividends at such respective rates (if any) as the Company in General Meeting shall determine and so that a dividend or dividends may be declared on one or several classes of shares to the exclusion of any class or classes and that dividends at different rates may be declared on the respective classes of shares. The Directors may pay an interim dividend or dividends on one or several classes of shares to the exclusion of any class or classes and may pay interim dividends at different rates on the respective classes of shares.