Company Registration No. 12050124 (England and Wales)
ALDERSON LIFTING AND RIGGING LTD
Unaudited accounts
for the year ended 30 June 2023
ALDERSON LIFTING AND RIGGING LTD
Unaudited accounts
Contents
ALDERSON LIFTING AND RIGGING LTD
Company Information
for the year ended 30 June 2023
Company Number
12050124 (England and Wales)
Registered Office
THISTLE BRAE HESLEDEN ROAD
BLACKHALL COLLIERIES
HARTLEPOOL
TESSSIDE
TS27 4LH
ENGLAND
Accountants
Scott Accountancy Services
119 Lanchester Avenue
Gateshead
Tyne & Wear
NE9 7AN
ALDERSON LIFTING AND RIGGING LTD
Statement of financial position
as at 30 June 2023
Tangible assets
13,871
18,577
Cash at bank and in hand
7,326
24,594
Creditors: amounts falling due within one year
(19,499)
(10,396)
Net current (liabilities)/assets
(12,169)
29,618
Total assets less current liabilities
1,702
48,195
Creditors: amounts falling due after more than one year
-
(19,973)
Called up share capital
1
1
Profit and loss account
1,701
28,221
Shareholders' funds
1,702
28,222
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2023 and were signed on its behalf by
Steven Alderson
Director
Company Registration No. 12050124
ALDERSON LIFTING AND RIGGING LTD
Notes to the Accounts
for the year ended 30 June 2023
ALDERSON LIFTING AND RIGGING LTD is a private company, limited by shares, registered in England and Wales, registration number 12050124. The registered office is THISTLE BRAE HESLEDEN ROAD, BLACKHALL COLLIERIES, HARTLEPOOL, TESSSIDE, TS27 4LH, ENGLAND. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
The director states that the business was affected by several factors during the period, the lingering effects of Covid19, Brexit uncertainty and IR35 implications.
He took the view that this would ultimately have a negative impact on viability in the long term and took on employment outside the company early in the reporting period. He decided to keep options open and to bid on any contracts which may prove profitable until the reporting period end and reassess the situation at that point. Covering any loans or shortfalls from his own pockets if needed.
The business remained in positive equity and this directors finance was not required, however after assessing the situation the director has taken the opinion that the company no longer remains commercially viable and is winding up. Some assets and liabilities remain post the reporting period end and these will be cleared remaining bank funds and by personal payments by the director with cessation accounts to end 30th September being prepared simultaneously.
ALDERSON LIFTING AND RIGGING LTD
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
3,979
26,770
3,609
3,821
38,179
At 30 June 2023
3,979
26,770
3,609
3,821
38,179
At 1 July 2022
1,266
14,524
1,392
2,420
19,602
Charge for the year
406
3,061
332
907
4,706
At 30 June 2023
1,672
17,585
1,724
3,327
24,308
At 30 June 2023
2,307
9,185
1,885
494
13,871
At 30 June 2022
2,713
12,246
2,217
1,401
18,577
Amounts falling due within one year
Accrued income and prepayments
4
50
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,635
1,667
Obligations under finance leases and hire purchase contracts
13,764
3,060
Taxes and social security
-
5,669
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
13,640
8
Average number of employees
During the year the average number of employees was 0 (2022: 1).