Company Registration No. 03219024 (England and Wales)
Alliance Systems Ltd
Unaudited accounts
for the period from 1 September 2022 to 31 March 2023
Alliance Systems Ltd
Unaudited accounts
Contents
Alliance Systems Ltd
Company Information
for the period from 1 September 2022 to 31 March 2023
Company Number
03219024 (England and Wales)
Registered Office
The Old Bakery
Canford Lane
Bristol
BS9 3DB
Accountants
HJP Chartered
Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
Alliance Systems Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
30,773
196,848
Creditors: amounts falling due within one year
(58,609)
(94,074)
Net current assets
186,725
133,935
Total assets less current liabilities
186,725
134,139
Provisions for liabilities
Net assets
186,725
134,100
Called up share capital
200
200
Profit and loss account
186,525
133,900
Shareholders' funds
186,725
134,100
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2023 and were signed on its behalf by
Timothy Killeen
Director
Company Registration No. 03219024
Alliance Systems Ltd
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
Alliance Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 03219024. The registered office is The Old Bakery, Canford Lane, Bristol, BS9 3DB.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in GBP sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Alliance Systems Ltd
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Goodwill
At 1 September 2022
62,650
At 1 September 2022
62,650
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
14,290
1,082
15,372
At 31 March 2023
14,290
1,082
15,372
At 1 September 2022
14,289
879
15,168
Charge for the period
1
203
204
At 31 March 2023
14,290
1,082
15,372
At 31 August 2022
1
203
204
Alliance Systems Ltd
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
Amounts falling due within one year
Trade debtors
27,356
25,655
Amounts due from group undertakings etc.
151,028
-
Accrued income and prepayments
838
1,031
Other debtors
35,339
4,475
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,862
1,706
Trade creditors
16,790
24,229
Taxes and social security
28,108
41,713
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Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
1,209
-
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Transactions with related parties
At the end of the period the company was owed money by the following companies:
Cloud and More Limited, a company under common control - £35,165 (2022 - £nil)
Simplify Technology Limited, parent company - £151,028 (2022 - £nil)
During the period the company also paid management charges of £3,000 to Cloud and More Limited.
Alliance Systems Limited is 100% subsidiary of Simplify Technology Limited.
Dividends of £23,430 were paid to the holding company in the period to 31 March 2023 (£nil- 2022).
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Average number of employees
During the period the average number of employees was 9 (2022: 14).