IRIS Accounts Production v23.2.0.158 08883184 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088831842022-03-31088831842023-03-31088831842022-04-012023-03-31088831842021-03-31088831842021-04-012022-03-31088831842022-03-3108883184ns10:Originalns15:EnglandWales2022-04-012023-03-3108883184ns14:PoundSterlingns10:Original2022-04-012023-03-3108883184ns10:Originalns10:Director12022-04-012023-03-3108883184ns10:Original2022-04-012023-03-3108883184ns10:Original2023-03-3108883184ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108883184ns10:Originalns10:SmallEntities2022-04-012023-03-3108883184ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108883184ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108883184ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108883184ns10:Originalns10:FullAccounts2022-04-012023-03-3108883184ns10:Originalns10:Director22022-04-012023-03-3108883184ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108883184ns10:Original2022-03-3108883184ns10:Originalns5:CurrentFinancialInstruments2023-03-3108883184ns10:Originalns5:CurrentFinancialInstruments2022-03-3108883184ns10:Originalns5:Non-currentFinancialInstruments2023-03-3108883184ns10:Originalns5:Non-currentFinancialInstruments2022-03-3108883184ns5:ShareCapitalns10:Original2023-03-3108883184ns5:ShareCapitalns10:Original2022-03-3108883184ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3108883184ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3108883184ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108883184ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108883184ns10:Original2021-04-012022-03-3108883184ns10:Originalns5:LandBuildings2022-03-3108883184ns10:Originalns5:PlantMachinery2022-03-3108883184ns10:Original2022-03-3108883184ns10:Originalns5:LandBuildings2022-04-012023-03-3108883184ns10:Originalns5:PlantMachinery2022-04-012023-03-3108883184ns10:Originalns5:LandBuildings2023-03-3108883184ns10:Originalns5:PlantMachinery2023-03-3108883184ns10:Originalns5:LandBuildings2022-03-3108883184ns10:Originalns5:PlantMachinery2022-03-3108883184ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3108883184ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3108883184ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3108883184ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-3108883184ns10:Originalns5:CostValuation2022-03-3108883184ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108883184ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108883184ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3108883184ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3108883184ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108883184ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3108883184ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108883184ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108883184ns10:Originalns5:CurrentFinancialInstrumentsns5:FinanceLeasesns5:WithinOneYear2023-03-3108883184ns10:Originalns5:CurrentFinancialInstrumentsns5:FinanceLeasesns5:WithinOneYear2022-03-3108883184ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-03-3108883184ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-03-3108883184ns5:BetweenOneFiveYearsns10:Originalns5:FinanceLeases2023-03-3108883184ns5:BetweenOneFiveYearsns10:Originalns5:FinanceLeases2022-03-3108883184ns10:Originalns5:HirePurchaseContracts2023-03-3108883184ns10:Originalns5:HirePurchaseContracts2022-03-3108883184ns10:Originalns5:FinanceLeases2023-03-3108883184ns10:Originalns5:FinanceLeases2022-03-3108883184ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-03-3108883184ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-03-3108883184ns10:Originalns5:DeferredTaxation2022-03-3108883184ns10:Originalns5:DeferredTaxation2022-04-012023-03-3108883184ns10:Originalns5:DeferredTaxation2023-03-3108883184ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108883184ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3108883184ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 08883184 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Aluminox Ltd.

Aluminox Ltd. (Registered number: 08883184)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aluminox Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P Fryer
Mr C Fryer





REGISTERED OFFICE: Homefields Wormegay Road
Blackborough End
King's Lynn
Norfolk
PE32 1SG





BUSINESS ADDRESS: Bunkell Road
Rackheath
Norfolk
Norfolk
NR13 6PU





REGISTERED NUMBER: 08883184 (England and Wales)





ACCOUNTANTS: Steve Pye & Co.
Chartered Certified Accountants
Unit 3
North Lynn Business Village
Bergen Way
King's Lynn
Norfolk
PE30 2JG

Aluminox Ltd. (Registered number: 08883184)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,148 26,639
Investments 6 60,980 60,980
Investment property 7 400,000 400,000
482,128 487,619

CURRENT ASSETS
Debtors 8 - 11,639
Cash at bank 5,702 1,480
5,702 13,119
CREDITORS
Amounts falling due within one year 9 20,050 30,830
NET CURRENT LIABILITIES (14,348 ) (17,711 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,780

469,908

CREDITORS
Amounts falling due after more than one
year

10

(200,791

)

(212,856

)

PROVISIONS FOR LIABILITIES 13 (3,064 ) (5,388 )
NET ASSETS 263,925 251,664

Aluminox Ltd. (Registered number: 08883184)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Fair value reserve 14 160,000 160,000
Retained earnings 14 88,925 76,664
263,925 251,664

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 10 October 2023 and were signed on its behalf by:





Mr C Fryer - Director


Aluminox Ltd. (Registered number: 08883184)

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

1. STATUTORY INFORMATION

Aluminox 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.

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 provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% reducing balance
Plant & machinery and Furniture - 20% reducing balance
Vehicles - 25% reducing balance
Computer equipment - 33% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Aluminox Ltd. (Registered number: 08883184)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Aluminox Ltd. (Registered number: 08883184)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement on the straight line basis over the lease term.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 5,734 91,127 96,861
DEPRECIATION
At 1 April 2022 594 69,628 70,222
Charge for year 115 5,376 5,491
At 31 March 2023 709 75,004 75,713
NET BOOK VALUE
At 31 March 2023 5,025 16,123 21,148
At 31 March 2022 5,140 21,499 26,639

Aluminox Ltd. (Registered number: 08883184)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 42,000
DEPRECIATION
At 1 April 2022 26,497
Charge for year 3,876
At 31 March 2023 30,373
NET BOOK VALUE
At 31 March 2023 11,627
At 31 March 2022 15,503

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 60,980
NET BOOK VALUE
At 31 March 2023 60,980
At 31 March 2022 60,980

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 400,000
NET BOOK VALUE
At 31 March 2023 400,000
At 31 March 2022 400,000

Aluminox Ltd. (Registered number: 08883184)

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

7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 160,000
Cost 240,000
400,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 10,000
Other debtors - 1,639
- 11,639

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 11) 9,954 8,954
Hire purchase contracts and finance leases (see note 12)
2,188

7,958
Trade creditors - 1,195
Amounts owed to group undertakings - 18
Taxation and social security 7,908 11,445
Other creditors - 1,260
20,050 30,830

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 11) 200,791 210,668
Hire purchase contracts and finance leases (see note 12)
-

2,188
200,791 212,856

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 148,797 154,289

Aluminox Ltd. (Registered number: 08883184)

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

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,000 -
Bank loans 8,954 8,954
9,954 8,954

Amounts falling due between one and two years:
Bank loans - 1-2 years 25,132 29,517

Amounts falling due between two and five years:
Bank loans - 2-5 years 26,862 26,862

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 148,797 154,289

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year - 7,958 2,188 -
Between one and five years - 2,188 - -
- 10,146 2,188 -

13. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 3,064 5,388

Aluminox Ltd. (Registered number: 08883184)

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

13. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 5,388
Provided during year (2,324 )
Balance at 31 March 2023 3,064

14. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 76,664 160,000 236,664
Profit for the year 92,580 92,580
Dividends (80,319 ) (80,319 )
At 31 March 2023 88,925 160,000 248,925

15. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under section 33.1A, allowing wholly owned group members to depart from the requirements to disclose transactions with other group companies.