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REGISTERED NUMBER: 01588338 (England and Wales)












Financial Statements

for the Year Ended 31 March 2022

for

Alide Plant Services Limited

Alide Plant Services Limited (Registered number: 01588338)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Alide Plant Services Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: S M Thompson
F H Thompson
B C Thompson
Mrs M Thompson
S J Mulrooney





SECRETARY: S M Thompson





REGISTERED OFFICE: 1a Lymore Avenue
Oldfield Park
Bath
BA2 1AU





REGISTERED NUMBER: 01588338 (England and Wales)





AUDITORS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Alide Plant Services Limited (Registered number: 01588338)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,433,835 2,606,108

CURRENT ASSETS
Stocks 24,571 21,786
Debtors 5 2,309,205 1,725,659
Cash at bank and in hand 554,626 492,842
2,888,402 2,240,287
CREDITORS
Amounts falling due within one year 6 1,781,739 984,520
NET CURRENT ASSETS 1,106,663 1,255,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,540,498

3,861,875

CREDITORS
Amounts falling due after more than one year 7 (942,000 ) (638,513 )

PROVISIONS FOR LIABILITIES (482,104 ) (257,422 )
NET ASSETS 3,116,394 2,965,940

CAPITAL AND RESERVES
Called up share capital 8 950 950
Share premium 9 3,360 3,360
Retained earnings 9 3,112,084 2,961,630
SHAREHOLDERS' FUNDS 3,116,394 2,965,940

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

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 and authorised for issue on 31 August 2022 and were signed on its behalf by:




F H Thompson - Director



B C Thompson - Director


Alide Plant Services Limited (Registered number: 01588338)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Short Leasehold - Straight line over the term of the lease
Plant & Machinery - 5 years straight line with 20% residual value, 3 years straight line with 10% residual value, 7 years straight line with 16% residual value & 10 years straight line with 10% residual value . Accessory plant being depreciated 10% straight line.
Motor Vehicles - 3 years straight line with 10% residual value
Office Equipment - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 54 (2021 - 51 ) .

Alide Plant Services Limited (Registered number: 01588338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Fixtures,
Short Plant and fittings
leasehold machinery & equipment
£    £    £   
COST
At 1 April 2021 322,929 5,474,931 134,048
Additions - 1,420,663 1,498
Disposals - (423,046 ) -
At 31 March 2022 322,929 6,472,548 135,546
DEPRECIATION
At 1 April 2021 126,192 3,832,214 78,394
Charge for year 41,227 396,523 14,257
Eliminated on disposal - (316,657 ) -
At 31 March 2022 167,419 3,912,080 92,651
NET BOOK VALUE
At 31 March 2022 155,510 2,560,468 42,895
At 31 March 2021 196,737 1,642,717 55,654

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 1,202,667 460,657 7,595,232
Additions 219,654 10,623 1,652,438
Disposals (223,720 ) (794 ) (647,560 )
At 31 March 2022 1,198,601 470,486 8,600,110
DEPRECIATION
At 1 April 2021 632,469 319,855 4,989,124
Charge for year 205,894 37,031 694,932
Eliminated on disposal (200,396 ) (728 ) (517,781 )
At 31 March 2022 637,967 356,158 5,166,275
NET BOOK VALUE
At 31 March 2022 560,634 114,328 3,433,835
At 31 March 2021 570,198 140,802 2,606,108

Included with tangible fixed assets, there are assets held under hire purchase agreements with a net book value totalling £1,509,192 (2021: £1,260,605). The depreciation charged during the year in respect of such assets amounted to £364,159 (2021: £273,308).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 880,749 658,170
Thompson & Sons Holdings Ltd 1,196,554 929,890
Tax 37,311 -
Prepayments and accrued income 194,591 137,599
2,309,205 1,725,659

Alide Plant Services Limited (Registered number: 01588338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 655,479 454,420
Trade creditors 770,362 249,460
Tax - 37,311
Taxation and social security 159,006 112,481
Other creditors 196,892 130,848
1,781,739 984,520

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 942,000 638,513

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
950 Ordinary £1 950 950

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2021 2,961,630 3,360 2,964,990
Profit for the year 447,419 447,419
Dividends (296,965 ) (296,965 )
At 31 March 2022 3,112,084 3,360 3,115,444

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dilip R Patel (Senior Statutory Auditor)
for and on behalf of Wormald & Partners

11. RELATED PARTY DISCLOSURES

The company also paid rent on a commercial basis totalling £35,178 (2021: £75,653) for Bristol depot, at Little George Street, Bristol, BS2 9DQ, partly owned by Mr S M Thompson's (a director of the company) SIPP.

12. ULTIMATE CONTROLLING PARTY

The parent company is now Thompson & Sons Holdings Limited, a company registered in England and Wales. The ultimate controlling parties are the directors by virtue of their shareholdings in the parent company.