2022-07-012023-06-302023-06-30false04814471ALDREDS 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ALDREDS LIMITED

Registered Number
04814471
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

ALDREDS LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

ALDRED, Philippa Gail
ALDRED, Steven

Company Secretary

ALDRED, Philippa Gail

Registered Address

Third Floor
10 South Parade
Leeds
LS1 5QS

Registered Number

04814471 (England and Wales)
ALDREDS LIMITED
Statement of Financial Position
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5-8,200
Tangible assets610,10911,499
10,10919,699
Current assets
Stocks738,54933,426
Debtors813,71911,728
Cash at bank and on hand5,3342,151
57,60247,305
Creditors amounts falling due within one year9(40,129)(33,598)
Net current assets (liabilities)17,47313,707
Total assets less current liabilities27,58233,406
Creditors amounts falling due after one year10(20,000)(30,000)
Provisions for liabilities11(1,921)(2,185)
Net assets5,6611,221
Capital and reserves
Called up share capital22
Profit and loss account5,6591,219
Shareholders' funds5,6611,221
The financial statements were approved and authorised for issue by the Board of Directors on 1 March 2024, and are signed on its behalf by:
ALDRED, Steven
Director
Registered Company No. 04814471
ALDREDS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT .
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Fixtures and fittings15-
Intangible assets policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price. At each reporting date, an assessment is made for impairment.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
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.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.
4.Employee information

20232022
Average number of employees during the year67
5.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 July 22164,000164,000
At 30 June 23164,000164,000
Amortisation and impairment
At 01 July 22155,800155,800
Charge for year8,2008,200
At 30 June 23164,000164,000
Net book value
At 30 June 23--
At 30 June 228,2008,200
6.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 July 2243,30243,302
Additions381381
At 30 June 2343,68343,683
Depreciation and impairment
At 01 July 2231,80331,803
Charge for year1,7711,771
At 30 June 2333,57433,574
Net book value
At 30 June 2310,10910,109
At 30 June 2211,49911,499
7.Stocks

2023

2022

££
Raw materials and consumables38,54933,426
Total38,54933,426
8.Debtors

2023

2022

££
Trade debtors / trade receivables12,1158,713
Other debtors1,6043,015
Total13,71911,728
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables7,7968,340
Bank borrowings and overdrafts10,00010,000
Taxation and social security11,0788,917
Other creditors11,2556,341
Total40,12933,598
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts20,00030,000
Total20,00030,000
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,9212,185
Total1,9212,185