Registration number: 09227003

ALT-Legal Limited

trading as Alpaca

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

ALT-Legal Limited

trading as Alpaca

(Registration number: 09227003)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	52,190	32,077
Current assets
Stocks	7	189,770	105,000
Debtors	8	250,028	173,320
Cash at bank and in hand		1,416	182,953
		441,214	461,273
Creditors: Amounts falling due within one year	9	(352,682)	(348,853)
Net current assets		88,532	112,420
Total assets less current liabilities		140,722	144,497
Creditors: Amounts falling due after more than one year	9	(147,630)	(158,245)
Provisions for liabilities		(9,916)	(6,094)
Net liabilities		(16,824)	(19,842)
Capital and reserves
Called up share capital	10	50,002	50,002
Retained earnings		(66,826)	(69,844)
Shareholders' deficit		(16,824)	(19,842)

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 December 2025 and signed on its behalf by:
 

ALT-Legal Limited

trading as Alpaca

(Registration number: 09227003)
Balance Sheet as at 31 March 2025

Mr R Turner Director

Mr R J Ashall Director

ALT-Legal Limited

trading as Alpaca

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 24 December 2025.

2	Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 and after eliminating sales within the company.

Tax

The tax expense for the period comprises 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.

ALT-Legal Limited

trading as Alpaca

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line
Motor vehicles	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	over 5 years

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

ALT-Legal Limited

trading as Alpaca

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 9).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	18,677	3,976

ALT-Legal Limited

trading as Alpaca

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	19,474	19,474
At 31 March 2025	19,474	19,474
Amortisation
At 1 April 2024	19,474	19,474
At 31 March 2025	19,474	19,474
Carrying amount
At 31 March 2025	-	-

6	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	43,803	32,067	10,292	86,162
Additions	461	38,329	-	38,790
At 31 March 2025	44,264	70,396	10,292	124,952
Depreciation
At 1 April 2024	41,121	2,672	10,292	54,085
Charge for the year	1,078	17,599	-	18,677
At 31 March 2025	42,199	20,271	10,292	72,762
Carrying amount
At 31 March 2025	2,065	50,125	-	52,190
At 31 March 2024	2,682	29,395	-	32,077

ALT-Legal Limited

trading as Alpaca

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Stocks

	2025 £	2024 £
Work in progress	189,770	105,000

8

Debtors

Current	2025 £	2024 £
Trade debtors	134,315	100,630
Prepayments	94,779	56,433
Other debtors	20,934	16,257
	250,028	173,320

ALT-Legal Limited

trading as Alpaca

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	178,766	54,519
Trade creditors		118,082	59,063
Taxation and social security		49,332	48,438
Other creditors		6,502	186,833
		352,682	348,853

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	147,630	158,245

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.01 each	5,000,200	50,002	5,000,200	50,002

11	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	84,917	131,917
Other borrowings	62,713	26,328
	147,630	158,245

ALT-Legal Limited

trading as Alpaca

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	47,000	47,000
Bank overdrafts	122,698	-
Other borrowings	9,068	7,519
	178,766	54,519