Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31truetrue2021-12-01falseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10462490 2021-12-01 2022-12-31 10462490 2020-12-01 2021-11-30 10462490 2022-12-31 10462490 2021-11-30 10462490 c:Director2 2021-12-01 2022-12-31 10462490 d:ComputerEquipment 2021-12-01 2022-12-31 10462490 d:ComputerEquipment 2022-12-31 10462490 d:ComputerEquipment 2021-11-30 10462490 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-12-01 2022-12-31 10462490 d:CurrentFinancialInstruments 2022-12-31 10462490 d:CurrentFinancialInstruments 2021-11-30 10462490 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10462490 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 10462490 d:ShareCapital 2022-12-31 10462490 d:ShareCapital 2021-11-30 10462490 d:RetainedEarningsAccumulatedLosses 2022-12-31 10462490 d:RetainedEarningsAccumulatedLosses 2021-11-30 10462490 c:FRS102 2021-12-01 2022-12-31 10462490 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-12-31 10462490 c:FullAccounts 2021-12-01 2022-12-31 10462490 c:PrivateLimitedCompanyLtd 2021-12-01 2022-12-31 10462490 2 2021-12-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 10462490









ALDS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
ALDS LIMITED
REGISTERED NUMBER: 10462490

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

31 December
30 November
2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,689
451

  
2,689
451

Current assets
  

Stocks
 5 
-
868,820

Debtors: amounts falling due within one year
 6 
483,352
271,072

Cash at bank and in hand
 7 
-
18,116

  
483,352
1,158,008

Creditors: amounts falling due within one year
 8 
(34,515)
(709,948)

Net current assets
  
 
 
448,837
 
 
448,060

Total assets less current liabilities
  
451,526
448,511

  

Net assets
  
451,526
448,511


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
451,524
448,509

  
451,526
448,511


Page 1

 
ALDS LIMITED
REGISTERED NUMBER: 10462490
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The Directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their 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 comprehensive income 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: 




D Sterling
Director

Date: 17 October 2023

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

Page 2

 
ALDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

ALDS Limited is a private Company limited by shares and incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W6XH. The principal activity of the Company for the period under review was that of property development.
The financial statements are presented in pounds Sterling, which is the functional currency of the Company.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

 
2.4

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 3

 
ALDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%
Straight-line

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.

 
2.5

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. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.6

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

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.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ALDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2021 - 2).


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 December 2021
481


Additions
2,594



At 31 December 2022

3,075



Depreciation


At 1 December 2021
30


Charge for the period on owned assets
357



At 31 December 2022

387



Net book value



At 31 December 2022
2,688



At 30 November 2021
451

Page 5

 
ALDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Stocks

31 December
30 November
2022
2021
£
£

Work in progress
-
868,820

-
868,820



6.


Debtors

31 December
30 November
2022
2021
£
£


Amounts owed by group undertakings
478,560
248,452

Other debtors
4,792
22,620

483,352
271,072



7.


Cash and cash equivalents

31 December
30 November
2022
2021
£
£

Cash at bank and in hand
-
18,116

-
18,116


Page 6

 
ALDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

8.


Creditors: Amounts falling due within one year

31 December
30 November
2022
2021
£
£

Trade creditors
8,834
134,600

Corporation tax
-
105,077

Other creditors
15,681
460,271

Accruals and deferred income
10,000
10,000

34,515
709,948


Page 7

 
ALDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

9.


Related party transactions

Included within other creditors is £15,681 (2021: £11,484) due to the directors of the Company. 


10.


Controlling party

There is no ultimate controlling party for the period.
 
Page 8