Company No: 11631604 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	31,645		39,089
		31,645		39,089
Current assets
Debtors	4	937,852		631,697
Cash at bank and in hand		241,294		273,516
		1,179,146		905,213
Creditors: amounts falling due within one year	5	( 1,324,247)		( 1,077,054)
Net current liabilities		(145,101)		(171,841)
Total assets less current liabilities		(113,456)		(132,752)
Creditors: amounts falling due after more than one year	6	( 9,183)		( 19,178)
Provision for liabilities		46,493		0
Net liabilities		( 76,146)		( 151,930)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 76,246 )		( 152,030 )
Total shareholders' deficit		( 76,146)		( 151,930)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Alt Collective Limited (registered number: 11631604) were approved and authorised for issue by the Board of Directors on 08 December 2025. They were signed on its behalf by:

M L Vint Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Alt Collective Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5th Floor 3 Stockport Exchange, Railway Road, Stockport, SK1 3GG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £145,101 (2024: net current liabilities £127,391) and net liabilities of £76,146 (2024: net liabilities £107,480). The Company is supported through bank loans and loans from related parties. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the related parties will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
* the Company has transferred the significant risks and rewards of ownership to the buyer;
* the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
* the amount of revenue can be measured reliably;
* it is probable that the Company will receive the consideration due under the transaction; and
* the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
* the amount of revenue can be measured reliably;
* it is probable that the Company will receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment	4 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		16

3. Tangible assets

	Office equipment		Computer equipment		Total
	£		£		£
Cost
At 01 April 2024	38,280		18,061		56,341
Additions	1,933		4,267		6,200
At 31 March 2025	40,213		22,328		62,541
Accumulated depreciation
At 01 April 2024	4,861		12,391		17,252
Charge for the financial year	9,347		4,297		13,644
At 31 March 2025	14,208		16,688		30,896
Net book value
At 31 March 2025	26,005		5,640		31,645
At 31 March 2024	33,419		5,670		39,089

4. Debtors

	2025		2024
	£		£
Trade debtors	571,887		430,671
Amounts owed by directors	142,293		76,499
Prepayments and accrued income	159,374		51,891
Deferred tax asset	15,950		46,493
Other debtors	48,348		26,143
	937,852		631,697

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	9,994		9,992
Trade creditors	76,370		99,277
Amounts owed to related parties	793,488		493,323
Amounts owed to directors	87,000		112,000
Accruals and deferred income	269,117		264,389
Taxation and social security	84,788		94,640
Other creditors	3,490		3,433
	1,324,247		1,077,054

Bank loans represents a government backed bank loan. The loan attracts interest at 2.5% per annum, is unsecured, and repayable monthly over a 5 year term.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	9,183		19,178

Bank loans represents a government backed bank loan. The loan attracts interest at 2.5% per annum, is unsecured, and repayable monthly over a 5 year term.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	31,500		49,500
between one and five years	157,500		47,167
Total future minimum lease payments under non-cancellable operating leases	189,000		96,667

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	3,513		3,432

8. Related party transactions

Transactions with the entity's directors

At the year end a director owed the company £70,062 (2024: £38,250). Amounts advanced in the year totalled £31,812 (2024 : £38,250) and £nil (2024: £nil) was repaid.
Interest is being charged at 2.25% which totalled £1,215 (2023: £nil). In the prior year the loan had been reported on a P11d and Class 1A NIC, therefore did not attract interest. The loan is repayable on demand.

At the year end another director owed the company £72,231 (2024: £38,249). Amounts advanced in the year totalled £32,721 (2024 : £38,249) and £nil (2024: £nil) was repaid.
Interest is being charged at 2.25% which totalled £1,260 (2023: £nil). In the prior year the loan had been reported on a P11d and Class 1A NIC, therefore did not attract interest. The loan is repayable on demand.

Other related party transactions

As at 31 March 2025, a loan provided from two of the directors of £87,000 (2024: £112,000) is payable by the company. The loan is interest-free and repayable on demand and included in other creditors.

As at 31 March 2025, amounts owed to a related party, under common control, totalled £793,488 (2024: £493,323) is payable by the company. This balance is included in other creditors.