Company registration number 12360149 (England and Wales)
Alne Limited
Financial Statements
for the year ended 28 February 2023
PAGES FOR FILING WITH REGISTRAR
Alne Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Alne Limited
Statement of financial position
as at 28 February 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,806,799
1,820,673
Current assets
Stocks
59,599
57,830
Debtors
119,342
67,031
Cash at bank and in hand
164,188
185,361
343,129
310,222
Creditors: amounts falling due within one year
(2,207,809)
(756,724)
Net current liabilities
(1,864,680)
(446,502)
Total assets less current liabilities
(57,881)
1,374,171
Creditors: amounts falling due after more than one year
-
0
(20,985)
Net (liabilities)/assets
(57,881)
1,353,186
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(57,981)
1,353,086
Total equity
(57,881)
1,353,186

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 July 2023 and are signed on its behalf by:
P Hoban
Director
Company Registration No. 12360149
Alne Limited
Notes to the Financial Statements
for the year ended 28 February 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources, including support from group companies, to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% Reducing Balance
Fixtures and fittings
20% Straight Line
Computers
25% Reducing Balance
Motor vehicles
25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks is valued at the lower of cost and net realisable value.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Alne Limited
Notes to the Financial Statements (continued)
for the year ended 28 February 2023
1
Accounting policies
(continued)
- 3 -
Leases

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Government grants

Government grants relate to Coronavirus Job Retention Scheme (CJRS) funding of staff who have been furloughed due to COVID-19. These revenue-based grants are recognised over the same period in which the related costs are incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
79
48
3
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2022 and 28 February 2023
840,000
Amortisation and impairment
At 1 March 2022 and 28 February 2023
840,000
Carrying amount
At 28 February 2023
-
0
At 28 February 2022
-
0
Alne Limited
Notes to the Financial Statements (continued)
for the year ended 28 February 2023
- 4 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2022
154,687
1,943,683
-
0
190,352
2,288,722
Additions
145,640
326,240
13,646
-
0
485,526
At 28 February 2023
300,327
2,269,923
13,646
190,352
2,774,248
Depreciation and impairment
At 1 March 2022
39,180
375,813
-
0
53,056
468,049
Depreciation charged in the year
46,154
404,776
882
47,588
499,400
At 28 February 2023
85,334
780,589
882
100,644
967,449
Carrying amount
At 28 February 2023
214,993
1,489,334
12,764
89,708
1,806,799
At 28 February 2022
115,507
1,567,870
-
0
137,296
1,820,673
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
James Bell
Statutory Auditor:
B M Howarth Ltd
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
35,393
55,571
Alne Limited
Notes to the Financial Statements (continued)
for the year ended 28 February 2023
- 5 -
8
Parent company

The company's parent company is Depho Estates Limited, a company registered in England and Wales, whose registered office is situated at Unit 4 Woodside Court, Clayton Wood Rise, Leeds, LS16 6RF. Group accounts are available from Companies House, Crown Way, Maindy, CF14 3UZ.

9
Company information

Alne Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 Woodside Court, Clayton Wood Rise, Leeds, West Yorkshire, LS16 6RF.

2023-02-282022-03-01false12 July 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedD A HobanP Hobanfalse123601492022-03-012023-02-28123601492023-02-28123601492022-02-2812360149core:PlantMachinery2023-02-2812360149core:FurnitureFittings2023-02-2812360149core:ComputerEquipment2023-02-2812360149core:MotorVehicles2023-02-2812360149core:PlantMachinery2022-02-2812360149core:FurnitureFittings2022-02-2812360149core:ComputerEquipment2022-02-2812360149core:MotorVehicles2022-02-2812360149core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2812360149core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2812360149core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2812360149core:Non-currentFinancialInstrumentscore:AfterOneYear2022-02-2812360149core:ShareCapital2023-02-2812360149core:ShareCapital2022-02-2812360149core:RetainedEarningsAccumulatedLosses2023-02-2812360149core:RetainedEarningsAccumulatedLosses2022-02-2812360149bus:Director22022-03-012023-02-2812360149core:Goodwill2022-03-012023-02-2812360149core:PlantMachinery2022-03-012023-02-2812360149core:FurnitureFittings2022-03-012023-02-2812360149core:ComputerEquipment2022-03-012023-02-2812360149core:MotorVehicles2022-03-012023-02-28123601492021-03-012022-02-2812360149core:Goodwill2022-02-2812360149core:Goodwill2023-02-2812360149core:Goodwill2022-02-2812360149core:PlantMachinery2022-02-2812360149core:FurnitureFittings2022-02-2812360149core:ComputerEquipment2022-02-2812360149core:MotorVehicles2022-02-28123601492022-02-2812360149bus:PrivateLimitedCompanyLtd2022-03-012023-02-2812360149bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-2812360149bus:FRS1022022-03-012023-02-2812360149bus:Audited2022-03-012023-02-2812360149bus:Director12022-03-012023-02-2812360149bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP