IRIS Accounts Production v23.2.0.158 12420557 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure124205572022-01-31124205572023-01-31124205572022-02-012023-01-31124205572021-01-31124205572021-02-012022-01-31124205572022-01-3112420557ns16:EnglandWales2022-02-012023-01-3112420557ns15:PoundSterling2022-02-012023-01-3112420557ns11:Director12022-02-012023-01-3112420557ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3112420557ns11:SmallEntities2022-02-012023-01-3112420557ns11:AuditExemptWithAccountantsReport2022-02-012023-01-3112420557ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3112420557ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3112420557ns11:FullAccounts2022-02-012023-01-311242055712022-02-012023-01-3112420557ns11:OrdinaryShareClass12022-02-012023-01-311242055711ns11:OrdinaryShareClass12022-02-012023-01-3112420557ns11:Director22022-02-012023-01-3112420557ns11:Director32022-02-012023-01-3112420557ns11:RegisteredOffice2022-02-012023-01-3112420557ns6:CurrentFinancialInstruments2023-01-3112420557ns6:CurrentFinancialInstruments2022-01-3112420557ns6:Non-currentFinancialInstruments2023-01-3112420557ns6:Non-currentFinancialInstruments2022-01-3112420557ns6:ShareCapital2023-01-3112420557ns6:ShareCapital2022-01-3112420557ns6:SharePremium2023-01-3112420557ns6:SharePremium2022-01-3112420557ns6:RetainedEarningsAccumulatedLosses2023-01-3112420557ns6:RetainedEarningsAccumulatedLosses2022-01-3112420557ns6:NetGoodwill2022-02-012023-01-3112420557ns6:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3112420557ns6:PlantMachinery2022-02-012023-01-3112420557ns6:MotorVehicles2022-02-012023-01-3112420557ns6:NetGoodwill2022-01-3112420557ns6:NetGoodwill2023-01-3112420557ns6:NetGoodwill2022-01-3112420557ns6:PlantMachinery2022-01-3112420557ns6:MotorVehicles2022-01-3112420557ns6:PlantMachinery2023-01-3112420557ns6:MotorVehicles2023-01-3112420557ns6:PlantMachinery2022-01-3112420557ns6:MotorVehicles2022-01-3112420557ns6:AdditionsToInvestments2023-01-3112420557ns6:CostValuation2023-01-3112420557ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3112420557ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3112420557ns11:OrdinaryShareClass12023-01-3112420557ns6:RetainedEarningsAccumulatedLosses2022-01-3112420557ns6:SharePremium2022-01-3112420557ns6:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 12420557 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Alimet Fabrications Ltd

Alimet Fabrications Ltd (Registered number: 12420557)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Alimet Fabrications Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: S R Marshall
P D Ryan
Ms C J Franks





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 12420557 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Alimet Fabrications Ltd (Registered number: 12420557)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 67,701 57,847
Investments 6 101,318 -
171,019 60,847

CURRENT ASSETS
Stocks 202,414 222,252
Debtors 7 159,744 123,977
Cash at bank 6,761 13,736
368,919 359,965
CREDITORS
Amounts falling due within one year 8 (205,983 ) (123,707 )
NET CURRENT ASSETS 162,936 236,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,955

297,105

CREDITORS
Amounts falling due after more than one
year

9

(321,165

)

(137,028

)
NET ASSETS 12,790 160,077

CAPITAL AND RESERVES
Called up share capital 10 1,854 1,311
Share premium 11 413,246 298,789
Retained earnings 11 (402,310 ) (140,023 )
SHAREHOLDERS' FUNDS 12,790 160,077

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Alimet Fabrications Ltd (Registered number: 12420557)

Balance Sheet - continued
31 January 2023


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 2 October 2023 and were signed on its behalf by:





P D Ryan - Director


Alimet Fabrications Ltd (Registered number: 12420557)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Alimet Fabrications 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Alimet Fabrications Ltd (Registered number: 12420557)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 5,000
AMORTISATION
At 1 February 2022 2,000
Amortisation for year 1,000
At 31 January 2023 3,000
NET BOOK VALUE
At 31 January 2023 2,000
At 31 January 2022 3,000

Alimet Fabrications Ltd (Registered number: 12420557)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022 88,326 4,400 92,726
Additions - 29,868 29,868
At 31 January 2023 88,326 34,268 122,594
DEPRECIATION
At 1 February 2022 32,767 2,112 34,879
Charge for year 17,665 2,349 20,014
At 31 January 2023 50,432 4,461 54,893
NET BOOK VALUE
At 31 January 2023 37,894 29,807 67,701
At 31 January 2022 55,559 2,288 57,847

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 101,318
At 31 January 2023 101,318
NET BOOK VALUE
At 31 January 2023 101,318

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 146,437 118,282
Other debtors 13,307 5,695
159,744 123,977

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,870 11,125
Hire purchase contracts 10,070 3,213
Trade creditors 132,301 80,954
Taxation and social security 7,583 27,115
Other creditors 45,159 1,300
205,983 123,707

Alimet Fabrications Ltd (Registered number: 12420557)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,463 32,208
Hire purchase contracts 23,702 4,820
Other creditors 275,000 100,000
321,165 137,028

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,854 Share capital 1 £1 1,854 1,311

543 Ordinary shares of £1 were issued during the year for cash of £ 115,074 .

11. CONSOLIDATION RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2022 (140,023 ) 298,789 158,766
Deficit for the year (262,287 ) (262,287 )
Cash share issue - 114,457 114,457
At 31 January 2023 (402,310 ) 413,246 10,936

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Alimet Fabrications Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alimet Fabrications Ltd for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Alimet Fabrications Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alimet Fabrications Ltd and state those matters that we have agreed to state to the Board of Directors of Alimet Fabrications Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alimet Fabrications Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alimet Fabrications Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Alimet Fabrications Ltd. You consider that Alimet Fabrications Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alimet Fabrications Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


2 October 2023