Alternative Costs Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09012707 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

ALTERNATIVE COSTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C E Meaney

P J Mullin

I P Allinson

SECRETARY:

C E Meaney

REGISTERED OFFICE:

1st Floor

E W M House

Regent Street

Liverpool

L3 7BN

REGISTERED NUMBER:

09012707 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Office 25

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

2

41,121

69,119

Investments

3

2,963

30,300

44,084

99,419

CURRENT ASSETS

Debtors

495,761

424,916

Cash at bank

112,043

132,577

607,804

557,493

CREDITORS

Amounts falling due within one year

418,591

309,386

NET CURRENT ASSETS

189,213

248,107

TOTAL ASSETS LESS CURRENT LIABILITIES

233,297

347,526

CREDITORS

Amounts falling due after more than one year

157,170

308,470

NET ASSETS

76,127

39,056

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

75,127

38,056

SHAREHOLDERS' FUNDS

76,127

39,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 September 2016 and were signed on its behalf by:

C E Meaney - Director

I P Allinson - Director

P J Mullin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents the invoiced value of work done, excluding value added tax.

Tangible fixed assets

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

Office Equipment

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

90,628

Additions

3,599

Disposals

(13,904

)

At 31 July 2016

80,323

DEPRECIATION

At 1 August 2015

21,509

Charge for year

20,715

Eliminated on disposal

(3,022

)

At 31 July 2016

39,202

NET BOOK VALUE

At 31 July 2016

41,121

At 31 July 2015

69,119

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2015

30,300

Impairments

(27,337

)

At 31 July 2016

2,963

NET BOOK VALUE

At 31 July 2016

2,963

At 31 July 2015

30,300

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

2K Legal Limited

Nature of business: Legal costs advocacy and consultancy services

%

Class of shares:

holding

Ordinary

100.00

31.7.16

30.9.15

£

£

Aggregate capital and reserves

2,297

2,297

Loss for the year

-

(1,608

)

Part Meister Ltd

Nature of business: Motor vehicle salvage

%

Class of shares:

holding

Ordinary

100.00

31.7.16

30.9.15

£

£

Aggregate capital and reserves

(104,145

)

(104,145

)

Loss for the year

-

(62,315

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/16

31/7/15

value:

£

£

1,000

Ordinary

£1

1,000

1,000