REGISTERED NUMBER: 02557886 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Alliance Carpet Mills Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B D Lee

Mrs M J Lee

Mr C A Lang

REGISTERED OFFICE:

Unit F

Dinas Enterprise Centre

Porth

Rhondda

Mid Glamorgan

CF39 9BL

REGISTERED NUMBER:

02557886 (England and Wales)

ACCOUNTANTS:

C Hergest Ltd

AAT Licensed Accountant

28 High Street

Aberdare

RCT

CF44 7AA

FIXED ASSETS

Tangible assets

4

721,205

726,351

Investments

5

14,110

14,110

735,315

740,461

CURRENT ASSETS

Debtors

6

-

1,379

Cash at bank

6,470

9,121

6,470

10,500

CREDITORS

Amounts falling due within one year

7

23,624

20,973

NET CURRENT LIABILITIES

(17,154

)

(10,473

)

TOTAL ASSETS LESS CURRENT LIABILITIES

718,161

729,988

CREDITORS

Amounts falling due after more than one year

8

6,760

9,700

NET ASSETS

711,401

720,288

CAPITAL AND RESERVES

Called up share capital

400

400

Revaluation reserve

9

38,801

38,801

Retained earnings

9

672,200

681,087

SHAREHOLDERS' FUNDS

711,401

720,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 8 September 2023 and were signed on its behalf by:

Mr B D Lee - Director

1.	STATUTORY INFORMATION

Alliance Carpet Mills Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2022

and 31 March 2023

778,363

24,453

4,570

807,386

DEPRECIATION

At 1 April 2022

68,022

9,124

3,889

81,035

Charge for year

-

4,830

316

5,146

At 31 March 2023

68,022

13,954

4,205

86,181

NET BOOK VALUE

At 31 March 2023

710,341

10,499

365

721,205

At 31 March 2022

710,341

15,329

681

726,351

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

14,110

NET BOOK VALUE

At 31 March 2023

14,110

At 31 March 2022

14,110

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Prepayments

-

1,379

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

3,240

3,300

Hire purchase contracts

-

1,304

Tax

3,768

1,406

Social security and other taxes

582

751

VAT

5,136

629

Alliance Carpets Ltd

3,020

2,004

Directors' current accounts

5,828

863

Accrued expenses

2,050

10,716

23,624

20,973

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loan

6,760

9,700

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2022

681,087

38,801

719,888

Profit for the year

11,113

11,113

Dividends

(20,000

)

(20,000

)

At 31 March 2023

672,200

38,801

711,001