REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2022 |
for |
Alide Plant Services Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2021 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
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 |
Thompson & Sons Holdings Ltd | 1,196,554 | 929,890 |
Tax |
Prepayments and accrued income |
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 |
Trade creditors |
Tax |
Taxation and social security |
Other creditors |
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 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | £1 | 950 | 950 |
9. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
At 1 April 2021 | 2,964,990 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31 March 2022 | 3,115,444 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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. |