Company No: 06386725 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2023		2022
		£		£
Fixed assets
Tangible assets	3	56,099		67,575
		56,099		67,575
Current assets
Debtors	4	59,062		33,128
Cash at bank and in hand		10,545		46,141
		69,607		79,269
Creditors: amounts falling due within one year	5	( 77,818)		( 57,378)
Net current (liabilities)/assets		(8,211)		21,891
Total assets less current liabilities		47,888		89,466
Creditors: amounts falling due after more than one year	6	( 32,565)		( 41,054)
Provision for liabilities		( 10,659)		( 12,839)
Net assets		4,664		35,573
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		3,664		34,573
Total shareholders' funds		4,664		35,573

For the financial year ending 31 December 2023 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 financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Align Property Consultants Limited (registered number: 06386725) were approved and authorised for issue by the Director on 02 April 2024. They were signed on its behalf by:

Mr J White 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

Align Property Consultants 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 Arena Business Centre, Holyrood Close, Poole, BH17 7FJ, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	15 % reducing balance
Other property, plant and equipment	4 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.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2023		2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Tangible assets

	Plant and machinery		Vehicles		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 January 2023	49,060		73,505		17,978		140,543
Additions	739		0		0		739
At 31 December 2023	49,799		73,505		17,978		141,282
Accumulated depreciation
At 01 January 2023	44,150		26,416		2,402		72,968
Charge for the financial year	2,058		5,663		4,494		12,215
At 31 December 2023	46,208		32,079		6,896		85,183
Net book value
At 31 December 2023	3,591		41,426		11,082		56,099
At 31 December 2022	4,910		47,089		15,576		67,575

4. Debtors

	2023		2022
	£		£
Trade debtors	55,088		28,890
Other debtors	3,974		4,238
	59,062		33,128

5. Creditors: amounts falling due within one year

	2023		2022
	£		£
Trade creditors	6,466		6,084
Taxation and social security	29,818		31,775
Obligations under finance leases and hire purchase contracts	8,489		8,489
Other creditors	33,045		11,030
	77,818		57,378

Hire purchase contracts are secured against the assets to which they relate.

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

	2023		2022
	£		£
Obligations under finance leases and hire purchase contracts	32,565		41,054

Hire purchase contracts are secured against the assets to which they relate.