Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-313true2021-04-01falseNo description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09423324 2021-04-01 2022-03-31 09423324 2020-04-01 2021-03-31 09423324 2022-03-31 09423324 2021-03-31 09423324 c:Director1 2021-04-01 2022-03-31 09423324 d:PlantMachinery 2021-04-01 2022-03-31 09423324 d:PlantMachinery 2022-03-31 09423324 d:PlantMachinery 2021-03-31 09423324 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09423324 d:MotorVehicles 2021-04-01 2022-03-31 09423324 d:MotorVehicles 2022-03-31 09423324 d:MotorVehicles 2021-03-31 09423324 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09423324 d:FurnitureFittings 2021-04-01 2022-03-31 09423324 d:FurnitureFittings 2022-03-31 09423324 d:FurnitureFittings 2021-03-31 09423324 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09423324 d:ComputerEquipment 2021-04-01 2022-03-31 09423324 d:ComputerEquipment 2022-03-31 09423324 d:ComputerEquipment 2021-03-31 09423324 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09423324 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09423324 d:CurrentFinancialInstruments 2022-03-31 09423324 d:CurrentFinancialInstruments 2021-03-31 09423324 d:Non-currentFinancialInstruments 2022-03-31 09423324 d:Non-currentFinancialInstruments 2021-03-31 09423324 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09423324 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 09423324 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09423324 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 09423324 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09423324 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 09423324 d:ShareCapital 2022-03-31 09423324 d:ShareCapital 2021-03-31 09423324 d:RetainedEarningsAccumulatedLosses 2022-03-31 09423324 d:RetainedEarningsAccumulatedLosses 2021-03-31 09423324 c:FRS102 2021-04-01 2022-03-31 09423324 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 09423324 c:FullAccounts 2021-04-01 2022-03-31 09423324 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 09423324









ALLIANCE REFRIGERATION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
ALLIANCE REFRIGERATION LIMITED
REGISTERED NUMBER: 09423324

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,340
10,667

  
10,340
10,667

Current assets
  

Stocks
  
22,275
12,588

Debtors: amounts falling due after more than one year
 5 
39,500
39,499

Debtors: amounts falling due within one year
 5 
23,093
6,451

Cash at bank and in hand
 6 
26,512
23,635

  
111,380
82,173

Creditors: amounts falling due within one year
 7 
(72,959)
(40,924)

Net current assets
  
 
 
38,421
 
 
41,249

Total assets less current liabilities
  
48,761
51,916

Creditors: amounts falling due after more than one year
 8 
(38,189)
(48,786)

  

Net assets
  
10,572
3,130


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
10,472
3,030

  
10,572
3,130


Page 1

 
ALLIANCE REFRIGERATION LIMITED
REGISTERED NUMBER: 09423324
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The director considers 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 the Companies Act 2006.

The director acknowledges his 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: 




................................................
L Pjetri
Director

Date: 19 August 2022

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ALLIANCE REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Alliance Refrigeration Limited is a private company limited by shares. The company is incorporated in England and Wales and its trading address is Aston House, Cornwall Avenue, London, United Kingdom, N3 1LF. The registered number is 09423324.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
ALLIANCE REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss 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 balance sheet date in the countries where the Company operates and generates income.

 
2.9

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.

Page 4

 
ALLIANCE REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer 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 profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

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 ordinary shares.

 
2.14

Dividends

Dividends are recognised when they become legally payable.

Page 5

 
ALLIANCE REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2021
4,432
16,571
650
450
22,103


Additions
-
-
702
2,416
3,118



At 31 March 2022

4,432
16,571
1,352
2,866
25,221



Depreciation


At 1 April 2021
3,532
7,249
284
370
11,435


Charge for the year on owned assets
225
2,330
267
624
3,446



At 31 March 2022

3,757
9,579
551
994
14,881



Net book value



At 31 March 2022
675
6,992
801
1,872
10,340



At 31 March 2021
900
9,321
366
80
10,667

Page 6

 
ALLIANCE REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Debtors

2022
2021
£
£

Due after more than one year

Other debtors
39,500
39,499

39,500
39,499


2022
2021
£
£

Due within one year

Trade debtors
23,093
3,993

Other debtors
-
2,458

23,093
6,451



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
26,513
23,636

26,513
23,636



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
851
8,808

Corporation tax
9,721
4,003

Other taxation and social security
9,503
698

Obligations under finance lease and hire purchase contracts
3,252
3,255

Other creditors
47,132
21,662

Accruals and deferred income
2,500
2,498

72,959
40,924


Page 7

 
ALLIANCE REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
32,917
39,500

Net obligations under finance leases and hire purchase contracts
5,272
9,286

38,189
48,786



9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£



Amounts falling due 2-5 years

Bank loans
32,917
39,500


32,917
39,500


32,917
39,500


 
Page 8