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REGISTERED NUMBER: 01904799 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ALMA SHEET METAL LTD

ALMA SHEET METAL LTD (REGISTERED NUMBER: 01904799)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ALMA SHEET METAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: J E Ford





SECRETARY: A M Boyle





REGISTERED OFFICE: 22a Compstall Road
Marple Bridge
Stockport
SK6 5HH





REGISTERED NUMBER: 01904799 (England and Wales)





ACCOUNTANTS: A.Allen & Son Limited
45 Union Road
New Mills
High Peak
SK22 3EL

ALMA SHEET METAL LTD (REGISTERED NUMBER: 01904799)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,990 8,544
Tangible assets 5 283,258 275,570
290,248 284,114

CURRENT ASSETS
Stocks 119,659 145,256
Debtors 296,984 362,835
Cash at bank and in hand 375,082 84,996
791,725 593,087
CREDITORS
Amounts falling due within one year 364,336 262,829
NET CURRENT ASSETS 427,389 330,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

717,637

614,372

CREDITORS
Amounts falling due after more than one
year

(99,031

)

(92,219

)

PROVISIONS FOR LIABILITIES (53,819 ) (49,885 )
NET ASSETS 564,787 472,268

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 70,750 70,750
Capital redemption reserve 89 89
Retained earnings 493,848 401,329
SHAREHOLDERS' FUNDS 564,787 472,268

ALMA SHEET METAL LTD (REGISTERED NUMBER: 01904799)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2024 and were signed by:





J E Ford - Director


ALMA SHEET METAL LTD (REGISTERED NUMBER: 01904799)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Alma Sheet Metal 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sale of goods, excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, will be amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance, 10% on reducing balance and Straight line over 5 years
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years and Straight line over 5 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ALMA SHEET METAL LTD (REGISTERED NUMBER: 01904799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued
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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 15,547
AMORTISATION
At 1 November 2022 7,003
Amortisation for year 1,554
At 31 October 2023 8,557
NET BOOK VALUE

At 31 October 2023 6,990
At 31 October 2022 8,544

ALMA SHEET METAL LTD (REGISTERED NUMBER: 01904799)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 796,074
Additions 69,440
Disposals (45,351 )
At 31 October 2023 820,163
DEPRECIATION
At 1 November 2022 520,504
Charge for year 42,020
Eliminated on disposal (25,619 )
At 31 October 2023 536,905
NET BOOK VALUE
At 31 October 2023 283,258
At 31 October 2022 275,570

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

Totals
£   
COST
At 1 November 2022 130,813
Additions 45,240
At 31 October 2023 176,053
DEPRECIATION
At 1 November 2022 29,425
Charge for year 23,912
At 31 October 2023 53,337
NET BOOK VALUE
At 31 October 2023 122,716
At 31 October 2022 101,388

6. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Hire purchase contracts 113,967 90,063

Hire purchase contract liabilities are secured by the assets to which they relate.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J E Ford.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ALMA SHEET METAL LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alma Sheet Metal Ltd for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Alma Sheet Metal Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alma Sheet Metal Ltd and state those matters that we have agreed to state to the director of Alma Sheet Metal Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alma Sheet Metal Ltd and its director for our work or for this report.

It is your duty to ensure that Alma Sheet Metal Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alma Sheet Metal Ltd. You consider that Alma Sheet Metal Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alma Sheet Metal Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






A.Allen & Son Limited
45 Union Road
New Mills
High Peak
SK22 3EL


7 March 2024