ACCOUNTS - Final Accounts preparation

ALTERNATIVE DYNAMIKS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2017-04-01 06928140 2017-03-31 06928140 2017-04-01 2018-03-31 06928140 2018-03-31 06928140 2016-04-01 2017-03-31 06928140 c:CompanySecretary1 2017-04-01 2018-03-31 06928140 c:Director1 2017-04-01 2018-03-31 06928140 c:Director3 2017-04-01 2018-03-31 06928140 c:RegisteredOffice 2017-04-01 2018-03-31 06928140 d:OfficeEquipment 2017-04-01 2018-03-31 06928140 d:OfficeEquipment 2017-03-31 06928140 c:EntityNoLongerTradingButTradedInPast 2017-04-01 2018-03-31 06928140 c:FRS102 2017-04-01 2018-03-31 06928140 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 06928140 c:FullAccounts 2017-04-01 2018-03-31 06928140 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Company registration number: 06928140

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2018

	ALTERNATIVE DYNAMIKS LIMITED


ALTERNATIVE DYNAMIKS LIMITED

COMPANY INFORMATION

Directors	Mrs A Miller
	Mr C Miller


Company secretary	Mrs A Miller


Registered number	06928140


Registered office	Norville House
	Norville Lane
	Cheddar
	Somerset
	BS27 3HJ


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


ALTERNATIVE DYNAMIKS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


ALTERNATIVE DYNAMIKS LIMITED REGISTERED NUMBER:06928140

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2018

		2018		2017
Note		£		£

Fixed assets
Tangible assets	4		-		545
			-		545
Current assets
Debtors: amounts falling due within one year	5	12,855		29,619
Cash at bank and in hand		560		21,979
		13,415		51,598
Creditors: amounts falling due within one year	6	(2,383)		(36,533)
Net current assets			11,032		15,065
Total assets less current liabilities			11,032		15,610
Provisions for liabilities
Deferred tax		-		(104)
			-		(104)
Net assets			11,032		15,506

Page 1


ALTERNATIVE DYNAMIKS LIMITED REGISTERED NUMBER:06928140

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2018

	2018	2017
Note	£	£

Capital and reserves
Called up share capital	100	100
Profit and loss account	10,932	15,406
	11,032	15,506

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr C Miller

Director

Date: 9 April 2018

The notes on pages 3 to 6 form part of these financial statements.

Page 2


ALTERNATIVE DYNAMIKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

1.	General information

Anternative Dynamics Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

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:

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.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Equipment

25%

Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 3


ALTERNATIVE DYNAMIKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4


ALTERNATIVE DYNAMIKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

3.	Employees
	Staff costs, including directors' remuneration, were as follows:

The average monthly number of employees, including directors, during the year was 2 (2017 - 4).

4.	Tangible assets

		Equipment
		£

	At 1 April 2017	1,721
	Disposals	(1,721)
	At 31 March 2018	-

	At 1 April 2017	1,176
	Disposals	(1,176)
	At 31 March 2018	-
	Net book value
	At 31 March 2018	-
	At 31 March 2017	545

Debtors

					2018	2017
					£	£


Other debtors	12,855	27,115
Tax recoverable	-	2,504
	12,855	29,619

Page 5


ALTERNATIVE DYNAMIKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

6.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Corporation tax	483	6,386
Other creditors	-	28,247
Accruals and deferred income	1,900	1,900
	2,383	36,533

Page 6