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REGISTERED NUMBER: 04207802 (England and Wales)






















Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2023

for

A.L.D. Holdings Limited

A.L.D. Holdings Limited (Registered number: 04207802)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Consolidated Income Statement 7

Consolidated Other Comprehensive Income 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 15


A.L.D. Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs S J Smith
Mrs E Smith
J L Smith
T D Smith





SECRETARY: J L Smith





REGISTERED OFFICE: Unit 9
Hoyle Road
Calverton
Nottingham
Nottinghamshire
NG14 6QL





REGISTERED NUMBER: 04207802 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

A.L.D. Holdings Limited (Registered number: 04207802)

Group Strategic Report
for the Year Ended 31 March 2023

The directors present their strategic report of the company and the group for the year ended 31 March 2023.

REVIEW OF BUSINESS
The company and its group reported an acceptable trading performance for the year. Turnover has increased, and gross margin has remained strong at 24% (2022 - 19%).

The directors are also pleased to report that their future order book is strong and they hope to maintain levels of activity in 2023/2024.

PRINCIPAL RISKS AND UNCERTAINTIES
The key business risks and uncertainties affecting the company and the group include its ability to obtain new contracts from the existing customer base, and to expand the customer base in order to grow. Whilst focusing on growth of the core business the Directors are aware that maintaining the group's ability to retain key employees will help achieve this.

The group is exposed to the usual credit risk and cash flow risk associated with its business, and the credit terms afforded to customers, and manages this through tight credit control procedures.

ANALYSIS OF KEY PERFORMANCE INDICATORS
The board looks at turnover, margins and profitability when monitoring business performance.

Turnover has increased from £11,796,093 to £12,642,792, with gross margins of 24%. Overheads remain well controlled, resulting in the group reporting a profit before taxation of £392,944.

The board also considers key balance sheet areas in order to understand the financial position of the company and the group.

Net assets have increased in the year by £322,230. The board are satisfied that key balance sheet sections remain strong. The board are satisfied that the group can continue to pay its debts as they fall due for the foreseeable future.

ON BEHALF OF THE BOARD:





J L Smith - Director


24 November 2023

A.L.D. Holdings Limited (Registered number: 04207802)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company was that of a holding company.

The group's principal activity during the year was that of plastering, screeding, facades and dry lining contractors.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Mrs S J Smith
Mrs E Smith
J L Smith
T D Smith

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Wright Vigar Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J L Smith - Director


24 November 2023

Report of the Independent Auditors to the Members of
A.L.D. Holdings Limited

Opinion
We have audited the financial statements of A.L.D. Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2023 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
A.L.D. Holdings Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach included obtaining an understanding of the legal and regulatory frameworks that are applicable to the company and we determined those that are most significant. Based on the results of our risk assessment we designed audit procedures to identify non-compliance with such laws and regulations. The specific procedures included enquiry of management and those charged with governance around actual and potential litigation and claims.

In addition, and based on the results of our risk assessment we designed audit procedures to identify and address material misstatements in relation to fraud. Specifically we considered the risk of fraud through management override that may lead to a misappropriation of assets or inappropriate financial reporting. In response, we performed audit work over the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
A.L.D. Holdings Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Kevin Shaw BSc (Hons) FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

24 November 2023

A.L.D. Holdings Limited (Registered number: 04207802)

Consolidated
Income Statement
for the Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER 12,642,792 11,796,093

Cost of sales 9,562,770 9,525,265
GROSS PROFIT 3,080,022 2,270,828

Administrative expenses 2,678,794 2,006,103
401,228 264,725

Other operating income 5,000 34,934
OPERATING PROFIT 4 406,228 299,659

Interest receivable and similar income 2,321 574
408,549 300,233

Interest payable and similar expenses 5 15,605 14,383
PROFIT BEFORE TAXATION 392,944 285,850

Tax on profit 6 70,714 44,301
PROFIT FOR THE FINANCIAL YEAR 322,230 241,549
Profit attributable to:
Owners of the parent 322,230 241,549

A.L.D. Holdings Limited (Registered number: 04207802)

Consolidated
Other Comprehensive Income
for the Year Ended 31 March 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 322,230 241,549


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

322,230

241,549

Total comprehensive income attributable to:
Owners of the parent 322,230 241,549

A.L.D. Holdings Limited (Registered number: 04207802)

Consolidated Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 200,698 210,013
Investments 9 - -
Investment property 10 375,000 375,000
575,698 585,013

CURRENT ASSETS
Stocks 11 26,250 26,250
Debtors 12 3,570,406 2,624,610
Cash at bank and in hand 1,202,577 798,339
4,799,233 3,449,199
CREDITORS
Amounts falling due within one year 13 2,756,617 1,732,542
NET CURRENT ASSETS 2,042,616 1,716,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,618,314

2,301,670

CREDITORS
Amounts falling due after more than one year 14 (220,535 ) (226,121 )

PROVISIONS FOR LIABILITIES 17 (31,663 ) (31,663 )
NET ASSETS 2,366,116 2,043,886

CAPITAL AND RESERVES
Called up share capital 18 100 100
Revaluation reserve 19 160,212 160,212
Retained earnings 19 2,205,804 1,883,574
SHAREHOLDERS' FUNDS 2,366,116 2,043,886

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





J L Smith - Director


A.L.D. Holdings Limited (Registered number: 04207802)

Company Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 206,068 206,068
Investment property 10 375,000 375,000
581,068 581,068

CURRENT ASSETS
Debtors 12 41,670 16,213

CREDITORS
Amounts falling due within one year 13 4,837 -
NET CURRENT ASSETS 36,833 16,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,901

597,281

PROVISIONS FOR LIABILITIES 17 31,663 31,663
NET ASSETS 586,238 565,618

CAPITAL AND RESERVES
Called up share capital 18 100 100
Revaluation reserve 19 160,212 160,212
Retained earnings 19 425,926 405,306
SHAREHOLDERS' FUNDS 586,238 565,618

Company's profit for the financial year 20,620 13,428

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





J L Smith - Director


A.L.D. Holdings Limited (Registered number: 04207802)

Consolidated Statement of Changes in Equity
for the Year Ended 31 March 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   

Balance at 1 April 2021 100 1,739,225 63,012 1,802,337

Changes in equity
Total comprehensive income - 144,349 97,200 241,549
Balance at 31 March 2022 100 1,883,574 160,212 2,043,886

Changes in equity
Total comprehensive income - 322,230 - 322,230
Balance at 31 March 2023 100 2,205,804 160,212 2,366,116

A.L.D. Holdings Limited (Registered number: 04207802)

Company Statement of Changes in Equity
for the Year Ended 31 March 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   

Balance at 1 April 2021 100 489,078 63,012 552,190

Changes in equity
Total comprehensive income - (83,772 ) 97,200 13,428
Balance at 31 March 2022 100 405,306 160,212 565,618

Changes in equity
Total comprehensive income - 20,620 - 20,620
Balance at 31 March 2023 100 425,926 160,212 586,238

A.L.D. Holdings Limited (Registered number: 04207802)

Consolidated Cash Flow Statement
for the Year Ended 31 March 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 472,913 551,577
Interest element of hire purchase payments
paid

(3,005

)

(1,783

)
Finance costs paid (12,600 ) (12,600 )
Tax paid (1,884 ) (14,768 )
Net cash from operating activities 455,424 522,426

Cash flows from investing activities
Purchase of tangible fixed assets (45,141 ) (77,185 )
Interest received 2,321 574
Net cash from investing activities (42,820 ) (76,611 )

Cash flows from financing activities
Capital repayments in year (8,366 ) (20,752 )
Net cash from financing activities (8,366 ) (20,752 )

Increase in cash and cash equivalents 404,238 425,063
Cash and cash equivalents at beginning of
year

2

798,339

373,276

Cash and cash equivalents at end of year 2 1,202,577 798,339

A.L.D. Holdings Limited (Registered number: 04207802)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 March 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit before taxation 392,944 285,850
Depreciation charges 54,456 59,678
Gain on revaluation of fixed assets - (120,000 )
Finance costs 15,605 14,383
Finance income (2,321 ) (574 )
460,684 239,337
(Increase)/decrease in trade and other debtors (945,796 ) 176,648
Increase in trade and other creditors 958,025 135,592
Cash generated from operations 472,913 551,577

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 1,202,577 798,339
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 798,339 373,276


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 798,339 404,238 1,202,577
798,339 404,238 1,202,577
Debt
Finance leases (80,531 ) 8,366 (72,165 )
Debts falling due after 1 year (180,000 ) - (180,000 )
(260,531 ) 8,366 (252,165 )
Total 537,808 412,604 950,412

A.L.D. Holdings Limited (Registered number: 04207802)

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

1. STATUTORY INFORMATION

A.L.D. Holdings Limited 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 General Information page.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling, which is the functional currency of the entity.

Basis of consolidation
The consolidated financial statements include the financial statements of the company and its subsidiary undertaking made up to 31 March 2023 to the extent of the group's interest in that undertaking and after eliminating intra-group transactions. Accounting policies are adjusted, where appropriate, to conform to group accounting policies.

In the company's financial statements investments in subsidiary undertakings are stated at cost less provision for the permanent diminution in value.

A separate income statement for the parent company has not been presented in accordance with Section 408 of the Companies Act 2006. The result of the parent company dealt with in these financial statements is disclosed on page 8. The individual accounts of ALD Holdings Limited have also taken the exemption available from the requirement to present a statement of cash flows.

Turnover
Turnover represents the fair value of all goods sold during the year, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

For long term contracts, turnover represents the fair value of work done in the year and is determined by reference to the stage of completion of each contract. The stage of completion is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is measured initially at cost, which includes the purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the income statement.

Stocks
Stock is valued at the lower of cost and net realisable value after making due allowances for obsolete and slow-moving stocks.

Cost comprises purchase price or direct production cost together with attributable overheads.

Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.


A.L.D. Holdings Limited (Registered number: 04207802)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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

Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss accounts so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

All other leases are operating leases and the annual rentals are charged to the profit and loss account on straight line basis over the lease term.

Employee benefits
Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred. The pension charge represents the amount payable by the company to the fund in respect of the year. The assets of the scheme are held separately from those of the company and group in an independently administered fund.

3. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 2,247,253 1,885,976
Social security costs 270,773 222,739
Other pension costs 64,098 55,157
2,582,124 2,163,872

The average number of employees during the year was as follows:
2023 2022

Production staff 11 12
Administration 27 24
38 36

A.L.D. Holdings Limited (Registered number: 04207802)

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

3. EMPLOYEES AND DIRECTORS - continued

2023 2022
£    £   
Directors' remuneration 670,969 517,286
Directors' pension contributions to money purchase schemes 23,173 16,154

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 1

Information regarding the highest paid director is as follows:
2023 2022
£    £   
Emoluments etc 235,055 178,308
Pension contributions to money purchase schemes 16,154 16,154

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Hire of plant and machinery 152,618 474,190
Other operating leases 121,686 102,616
Depreciation - owned assets 54,456 59,678
Auditors' remuneration 18,750 17,500

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Hire purchase 3,005 1,783
Dividends paid on shares
categorised as debt 12,600 12,600
15,605 14,383

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 79,845 11,015
Adjustments in respect of
previous periods (9,131 ) 10,486
Total current tax 70,714 21,501

Deferred tax - 22,800
Tax on profit 70,714 44,301

A.L.D. Holdings Limited (Registered number: 04207802)

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

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 392,944 285,850
Profit multiplied by the standard rate of corporation tax in the UK of 19 %
(2022 - 19 %)

74,659

54,312

Effects of:
Expenses not deductible for tax purposes 2,516 (20,205 )
Capital allowances in excess of depreciation - (23,092 )
Depreciation in excess of capital allowances 2,670 -
Adjustments to tax charge in respect of previous periods (9,131 ) 10,486
Movement in deferred tax - 22,800
Total tax charge 70,714 44,301

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 34,757 195,529 136,526 161,828 528,640
Additions 9,928 4,355 9,363 21,495 45,141
At 31 March 2023 44,685 199,884 145,889 183,323 573,781
DEPRECIATION
At 1 April 2022 8,341 142,012 99,193 69,081 318,627
Charge for year 1,787 14,468 9,640 28,561 54,456
At 31 March 2023 10,128 156,480 108,833 97,642 373,083
NET BOOK VALUE
At 31 March 2023 34,557 43,404 37,056 85,681 200,698
At 31 March 2022 26,416 53,517 37,333 92,747 210,013

The net book value of tangible fixed assets includes an amount of £56,404 (2022 - £74,355) in respect of assets held under finance leases or hire purchase contracts. Depreciation charged on these assets during the year amount to £18,802 (2022 - £24,785).

A.L.D. Holdings Limited (Registered number: 04207802)

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

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 206,068
NET BOOK VALUE
At 31 March 2023 206,068
At 31 March 2022 206,068

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

The A.L.D PLastering Company Limited
Registered office: England and Wales
Nature of business: Facades, Screeding, Plastering and Dry Lining
%
Class of shares: holding
Ordinary 100.00

ALD Facades Limited
Registered office: England and Wales
Nature of business: Facades contractors
%
Class of shares: holding
Ordinary 100.00


10. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 375,000
NET BOOK VALUE
At 31 March 2023 375,000
At 31 March 2022 375,000

A professional value of the investment property was performed on 2 November 2022 by Jane Thorne Property Services Limited on an open market value.

On a historical cost basis, the investment property would have been included at an original cost of £186,862.

A.L.D. Holdings Limited (Registered number: 04207802)

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

10. INVESTMENT PROPERTY - continued

Company
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 375,000
NET BOOK VALUE
At 31 March 2023 375,000
At 31 March 2022 375,000

11. STOCKS

Group
2023 2022
£    £   
Raw materials 26,250 26,250

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade debtors 3,164,130 2,310,377 - -
Amounts owed by group undertakings - - 41,670 16,213
Other debtors 8,543 57,355 - -
VAT 213,962 117,701 - -
Prepayments 183,771 139,177 - -
3,570,406 2,624,610 41,670 16,213

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Hire purchase contracts (see note 16) 31,630 34,410 - -
Trade creditors 1,625,842 902,351 - -
Tax 79,845 11,015 4,837 -
Social security and other taxes 174,332 114,586 - -
Other creditors 95,781 191,532 - -
Directors' loan accounts 67,307 78,095 - -
Accruals and deferred income 681,880 400,553 - -
2,756,617 1,732,542 4,837 -

The hire purchase creditor is secured on the assets to which it relates.

A.L.D. Holdings Limited (Registered number: 04207802)

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

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2023 2022
£    £   
Preference shares (see note 15) 180,000 180,000
Hire purchase contracts (see note 16) 40,535 46,121
220,535 226,121

The hire purchase creditor is secured on the assets to which it relates.

15. LOANS

An analysis of the maturity of loans is given below:

Group
2023 2022
£    £   
Amounts falling due between one and two years:
Preference shares 180,000 180,000

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 31,630 34,410
Between one and five years 40,535 46,121
72,165 80,531

Group
Non-cancellable operating leases
2023 2022
£    £   
Within one year 124,166 80,205
Between one and five years 223,490 45,906
347,656 126,111

17. PROVISIONS FOR LIABILITIES

Group Company
2023 2022 2023 2022
£    £    £    £   
Deferred tax 31,663 31,663 31,663 31,663

A.L.D. Holdings Limited (Registered number: 04207802)

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

17. PROVISIONS FOR LIABILITIES - continued

Group
Deferred
tax
£   
Balance at 1 April 2022 31,663
Balance at 31 March 2023 31,663

Company
Deferred
tax
£   
Balance at 1 April 2022 31,663
Balance at 31 March 2023 31,663

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

19. RESERVES

Profit and loss account - represents cumulative profits and losses.

Revaluation reserve - this represents increases or decreases in the valuation of properties.