Alternative Costs Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09012707 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

ALTERNATIVE COSTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

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

4

24,999

41,121

Investments

5

-

2,963

24,999

44,084

CURRENT ASSETS

Debtors

6

269,431

495,761

Cash at bank

14,273

112,043

283,704

607,804

CREDITORS

Amounts falling due within one year

7

216,636

418,591

NET CURRENT ASSETS

67,068

189,213

TOTAL ASSETS LESS CURRENT LIABILITIES

92,067

233,297

CREDITORS

Amounts falling due after more than one year

8

92,170

157,170

NET (LIABILITIES)/ASSETS

(103

)

76,127

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

(1,103

)

75,127

SHAREHOLDERS' FUNDS

(103

)

76,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 January 2018 and were signed on its behalf by:

C E Meaney - Director

I P Allinson - Director

P J Mullin - Director

1.	STATUTORY INFORMATION

Alternative Costs Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2016 - 56 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

Equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 August 2016

40,446

21,790

18,087

80,323

Disposals

-

-

(5,835

)

(5,835

)

At 31 July 2017

40,446

21,790

12,252

74,488

DEPRECIATION

At 1 August 2016

23,027

8,827

7,348

39,202

Charge for year

7,599

3,240

1,818

12,657

Eliminated on disposal

-

-

(2,370

)

(2,370

)

At 31 July 2017

30,626

12,067

6,796

49,489

NET BOOK VALUE

At 31 July 2017

9,820

9,723

5,456

24,999

At 31 July 2016

17,419

12,963

10,739

41,121

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2016

2,963

Disposals

(2,963

)

At 31 July 2017

-

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

2,963

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/17

31/7/16

£

£

Trade debtors

239,304

468,383

Other debtors

6,143

9,725

Tax

11,028

-

Deferred tax asset

3,600

-

Prepayments and accrued income

9,356

17,653

269,431

495,761

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/17

31/7/16

£

£

Trade creditors

2,857

14,991

Tax

-

41,156

Social security and other taxes

14,990

22,288

VAT

9,637

77,605

Other creditors

68,649

95,732

Directors' current accounts

98,301

163,300

Accrued expenses

22,202

3,519

216,636

418,591

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/7/17

31/7/16

£

£

Other creditors

92,170

157,170

9.	LEASING AGREEMENTS

At 31 July 2017, the company has total commitments under operating leases over the

remaining life of those leases of £16,272 (2016 - £21,696)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/17

31/7/16

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 August 2016

75,127

Deficit for the year

(51,230

)

Dividends

(25,000

)

At 31 July 2017

(1,103

)

12.	RELATED PARTY DISCLOSURES

The Alternative Company (UK) Limited

A company which has mutual shareholders.

On 31 July 2014 The Alternative Company (UK) Limited transferred its remaining staff to the

company and sold its remaining fixed assets for £313,328, which has been paid at £5,000

per month since that date and will continue to do so until the full consideration is paid.

31/7/17

31/7/16

£

£

Amount due to related party at the balance sheet date

152,170

217,170