Registration number: 05168709

Alternative Minds Limited

Contents

Company Information	1
Profit and Loss Account	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 6

Alternative Minds Limited

Company Information

Director

J P Hurst

Registered office

25 Cookham Road Maidenhead Berkshire SL6 7EF

Alternative Minds Limited

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 £	2023 £
Turnover		171,970	169,170
Gross profit		171,970	169,170
Administrative expenses		(141,601)	(118,523)
Operating profit		30,369	50,647
Other interest receivable and similar income		4,402	53
Profit before tax		34,771	50,700
Tax on profit		(6,563)	(9,988)
Profit for the financial year		28,208	40,712

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Alternative Minds Limited

(Registration number: 05168709)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	294	394
Current assets
Cash at bank and in hand		189,697	196,388
Creditors: Amounts falling due within one year	5	(23,350)	(20,292)
Net current assets		166,347	176,096
Total assets less current liabilities		166,641	176,490
Provisions for liabilities		-	(57)
Net assets		166,641	176,433
Capital and reserves
Called up share capital		5,000	5,000
Retained earnings		161,641	171,433
Shareholders' funds		166,641	176,433

For the financial year ending 31 December 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. 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

......................................... J P Hurst Director

Alternative Minds Limited

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

1	General information

The address of its registered office is:
25 Cookham Road
Maidenhead
Berkshire
SL6 7EF

These financial statements were authorised for issue by the director on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 and deferred 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.

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.

Alternative Minds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Plant and Machinery - 25% Reducing balance

Computer Equipment - 25% Reducing balance

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Alternative Minds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	1,002	5,225	6,227
At 31 December 2024	1,002	5,225	6,227
Depreciation
At 1 January 2024	997	4,837	5,834
Charge for the year	2	97	99
At 31 December 2024	999	4,934	5,933
Carrying amount
At 31 December 2024	3	291	294
At 31 December 2023	6	388	394

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	20,536	18,324
Other creditors	2,814	1,968
	23,350	20,292