Registered number
10788409
Alan (Oxford Road) Limited
Filleted Accounts
31 May 2023
Alan (Oxford Road) Limited
Registered number: 10788409
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 78,028 97,535
Tangible assets 4 73,254 84,579
Investments 6 - -
151,282 182,114
Current assets
Stocks 10,000 10,000
Debtors 5 103,055 110,772
Cash at bank and in hand 290,056 186,945
403,111 307,717
Creditors: amounts falling due within one year 6 (317,228) (200,597)
Net current assets 85,883 107,120
Total assets less current liabilities 237,165 289,234
Creditors: amounts falling due after more than one year 7 (256,338) (316,338)
Net liabilities (19,173) (27,104)
Capital and reserves
Called up share capital 1 1
Profit and loss account (19,174) (27,105)
Shareholder's funds (19,173) (27,104)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Bo Cui
Director
Approved by the board on 20 February 2024
Alan (Oxford Road) Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 18 19
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 195,070
Additions -
Disposals -
At 31 May 2023 195,070
Amortisation
At 1 June 2022 97,535
Provided during the year 19,507
On disposals -
At 31 May 2023 117,042
Net book value
At 31 May 2023 78,028
At 31 May 2022 97,535
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures & Fittings Equipments Motor vehicles Total
£ £ £ £
Cost
At 1 June 2022 148,812 26,132 - 174,944
Additions - 3,104 - 3,104
Surplus on revaluation - - - -
Disposals - - - -
At 31 May 2023 148,812 29,236 - 178,048
Depreciation
At 1 June 2022 73,891 16,474 - 90,365
Charge for the year 11,238 3,191 - 14,429
Surplus on revaluation - - - -
On disposals - - - -
At 31 May 2023 85,129 19,665 - 104,794
Net book value
At 31 May 2023 63,683 9,571 - 73,254
At 31 May 2022 74,921 9,658 - 84,579
5 Debtors 2023 2022
£ £
Trade debtors 1,894 5,393
Loans 52,870 60,113
Other debtors 48,291 45,266
103,055 110,772
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 188,095 81,832
Taxation and social security costs 59,134 45,608
Other creditors 69,999 73,157
317,228 200,597
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,000 40,000
Director's account 226,338 276,338
256,338 316,338
8 Related party transactions
Included in debtors are loans of £44730 to Cuibo York Ltd, Alan (Portland) Ltd of £30962.88 and No 8 Ltd of £63.63, loans from Alan (York) Ltd of £12233.02 andAlan (Leeds) Ltd of £10653.18, companies that a director has an interest in.
9 Controlling party
The company is controlled by Bo Cui (100%).
Alan (Oxford Road) Limited 10788409 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts April 2022 Mr Bo Cui No description of principal activity 10788409 2021-06-01 2022-05-31 10788409 core:WithinOneYear 2022-05-31 10788409 core:AfterOneYear 2022-05-31 10788409 core:ShareCapital 2022-05-31 10788409 core:RetainedEarningsAccumulatedLosses 2022-05-31 10788409 2022-06-01 2023-05-31 10788409 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10788409 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10788409 bus:Director40 2022-06-01 2023-05-31 10788409 1 2022-06-01 2023-05-31 10788409 2 2022-06-01 2023-05-31 10788409 core:Goodwill 2022-06-01 2023-05-31 10788409 core:LandBuildings 2022-06-01 2023-05-31 10788409 core:PlantMachinery 2022-06-01 2023-05-31 10788409 core:Vehicles 2022-06-01 2023-05-31 10788409 bus:FRS102 2022-06-01 2023-05-31 10788409 bus:FullAccounts 2022-06-01 2023-05-31 10788409 2023-05-31 10788409 core:WithinOneYear 2023-05-31 10788409 core:AfterOneYear 2023-05-31 10788409 core:ShareCapital 2023-05-31 10788409 core:RetainedEarningsAccumulatedLosses 2023-05-31 10788409 core:Goodwill 2023-05-31 10788409 core:LandBuildings 2023-05-31 10788409 core:PlantMachinery 2023-05-31 10788409 core:Vehicles 2023-05-31 10788409 2022-05-31 10788409 core:Goodwill 2022-05-31 10788409 core:LandBuildings 2022-05-31 10788409 core:PlantMachinery 2022-05-31 10788409 core:Vehicles 2022-05-31 iso4217:GBP xbrli:pure