A GREENER ALTERNATIVE LIMITED

A GREENER ALTERNATIVE LIMITED - Company Information

2022-04-012023-03-312023-03-31false07195139A GREENER ALTERNATIVE 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Registered Number
07195139
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

A GREENER ALTERNATIVE LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Director	BEACH, Simon Michael


Registered Address	2 Upperton Gardens
	Eastbourne
	BN21 2AH


Registered Number	07195139 (England and Wales)

A GREENER ALTERNATIVE LIMITED

Statement of Financial Position
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	7		7,286		8,760
			7,286		8,760
Current assets
Stocks		36,321		6,200
Debtors		289,504		206,620
Cash at bank and on hand		40,299		40,039
		366,124		252,859
Creditors amounts falling due within one year	9	(339,591)		(256,740)
Net current assets (liabilities)			26,533		(3,881)
Total assets less current liabilities			33,819		4,879
Creditors amounts falling due after one year	10		(36,833)		(53,833)
Provisions for liabilities	12		(1,222)		(1,664)
Net assets			(4,236)		(50,618)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(4,336)		(50,718)
Shareholders' funds			(4,236)		(50,618)

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 21 December 2023, and are signed on its behalf by:

BEACH, Simon Michael
Director
Registered Company No. 07195139

A GREENER ALTERNATIVE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company continued to be that of suppliers and installers of green energy systems.

4.	Accounting policies

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Intangible assets policy
	Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It has been fully written off in previous accounting periods.

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Taxation policy

Current tax is recognised on taxable profit for the current and past periods. 
Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are 
recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax 
liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference 
arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects 
neither the tax profit nor the accounting profit.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Going concern
	The financial statements are prepared under the going concern basis. The director has considered the impact of subsequent events in making his assessment. The COVID-19 pandemic and the ensuing economic shutdown has had a limited effect on the company's operations. The company utilised the support available from lenders and the government backed borrowing and is reliant on these funds to support its day-to-day operations. It is currently meeting repayments on these liabilities as they fall due and lenders are willing to support the company on this basis. Based on these assessments and having regard to the resources available to the entity, the director has concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the annual report and accounts

Going concern

The financial statements are prepared under the going concern basis. The director has considered the impact 
of subsequent events in making his assessment. The COVID-19 pandemic and the ensuing economic 
shutdown has had a limited effect on the company's operations.
The company utilised the support available from lenders and the government backed borrowing and is reliant 
on these funds to support its day-to-day operations. It is currently meeting repayments on these liabilities as 
they fall due and lenders are willing to support the company on this basis. Based on these assessments and 
having regard to the resources available to the entity, the director has concluded that there is no material 
uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the 
annual report and accounts

5.	Employee information


		2023		2022
	Average number of employees during the year	11		11

6.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 22	20,000
	At 31 March 23	20,000
	Amortisation and impairment
	At 01 April 22	20,000
	At 31 March 23	20,000
	Net book value
	At 31 March 23	-
	At 31 March 22	-

7.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 April 22	66,499
	Additions	931
	At 31 March 23	67,002
	Depreciation and impairment
	At 01 April 22	57,739
	Charge for year	2,405
	At 31 March 23	59,716
	Net book value
	At 31 March 23	7,286
	At 31 March 22	8,760

8.	Debtors within one year

	2023	2022
	£	£
Trade debtors / trade receivables	148,654	97,070
Other debtors	140,551	109,550
Prepayments and accrued income	299	-
Total	289,504	206,620


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	181,656	133,703
Bank borrowings and overdrafts	55,002	17,000
Taxation and social security	32,660	19,829
Finance lease and HP contracts	582	4,081
Other creditors	64,587	80,902
Accrued liabilities and deferred income	5,104	1,225
Total	339,591	256,740


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	36,833	53,833
Total	36,833	53,833

11.	Finance lease and HP contracts after one year

12.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	1,222	1,664
Total	1,222	1,664