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Registered number: 06186333
The Alternative School Group Ltd
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06186333
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,389,089 573,305
1,389,089 573,305
CURRENT ASSETS
Debtors 5 1,144,877 700,988
Cash at bank and in hand 276,611 487,415
1,421,488 1,188,403
Creditors: Amounts Falling Due Within One Year 6 (1,441,799 ) (433,304 )
NET CURRENT ASSETS (LIABILITIES) (20,311 ) 755,099
TOTAL ASSETS LESS CURRENT LIABILITIES 1,368,778 1,328,404
Creditors: Amounts Falling Due After More Than One Year 7 (317,925 ) (352,198 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,256 ) (4,256 )
NET ASSETS 1,046,597 971,950
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 1,045,597 970,950
SHAREHOLDERS' FUNDS 1,046,597 971,950
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Kirsty-Anne Pugh
Director
28 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Alternative School Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06186333 . The registered office is Suite 2B Ribble Court, 1 Mead Way, Padiham, Lancashire, BB12 7NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Leasehold Over the lifetime of the lease
Plant & Machinery 25% reducing balance
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 7)
12 7
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 September 2023 559,180 2,000 33,037 18,090
Additions 791,519 - 1,160 30,118
As at 31 August 2024 1,350,699 2,000 34,197 48,208
Depreciation
As at 1 September 2023 - 2,000 29,558 16,341
Provided during the period - - 1,160 9,642
As at 31 August 2024 - 2,000 30,718 25,983
Net Book Value
As at 31 August 2024 1,350,699 - 3,479 22,225
As at 1 September 2023 559,180 - 3,479 1,749
Fixtures & Fittings Total
£ £
Cost
As at 1 September 2023 57,172 669,479
Additions 18,523 841,320
As at 31 August 2024 75,695 1,510,799
Depreciation
As at 1 September 2023 48,275 96,174
Provided during the period 14,734 25,536
As at 31 August 2024 63,009 121,710
Net Book Value
As at 31 August 2024 12,686 1,389,089
As at 1 September 2023 8,897 573,305
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,578 228,438
Prepayments and accrued income 486,008 7,864
Other debtors 607,291 464,686
1,144,877 700,988
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,172 34,154
Bank loans and overdrafts 248,000 248,000
Corporation tax 124,688 85,617
Other taxes and social security 5,099 2,882
VAT 68,096 69,784
Net wages 2,621 2,953
Other creditors 940,514 (10,694 )
Accruals and deferred income 608 608
Director's loan account 1 -
1,441,799 433,304
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 317,925 352,198
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5