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Company Registration No. 12629506 (England and Wales)
AL APPLIANCES AND REPAIRS LTD Unaudited accounts for the year ended 31 May 2023
AL APPLIANCES AND REPAIRS LTD Unaudited accounts Contents
Page
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AL APPLIANCES AND REPAIRS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,962 
8,484 
Current assets
Inventories
36,375 
25,000 
Debtors
44,148 
62,621 
Cash at bank and in hand
799 
8,367 
81,322 
95,988 
Creditors: amounts falling due within one year
(24,845)
(41,733)
Net current assets
56,477 
54,255 
Total assets less current liabilities
72,439 
62,739 
Creditors: amounts falling due after more than one year
(40,363)
(43,382)
Net assets
32,076 
19,357 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,976 
19,257 
Shareholders' funds
32,076 
19,357 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 8 August 2023 and were signed on its behalf by
Andreas Litras Director Company Registration No. 12629506
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AL APPLIANCES AND REPAIRS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
AL APPLIANCES AND REPAIRS LTD is a private company, limited by shares, registered in England and Wales, registration number 12629506. The registered office is Unit 18b, Mimram Road Industrial Estate, Hertford, Hertfordshire, SG14 1NN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
15% Reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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AL APPLIANCES AND REPAIRS LTD Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2022
12,250 
Additions
10,295 
At 31 May 2023
22,545 
Depreciation
At 1 June 2022
3,766 
Charge for the year
2,817 
At 31 May 2023
6,583 
Net book value
At 31 May 2023
15,962 
At 31 May 2022
8,484 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
16,190 
4,544 
Other debtors
27,958 
58,077 
44,148 
62,621 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,066 
6,066 
Trade creditors
6,653 
- 
Taxes and social security
11,820 
11,711 
Other creditors
306 
6,137 
Loans from directors
- 
17,819 
24,845 
41,733 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,363 
43,382 
8
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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