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REGISTERED NUMBER: 05321499 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Alarian Limited

Alarian Limited (Registered number: 05321499)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alarian Limited (Registered number: 05321499)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 35,844 55,377
35,844 55,377

Current assets
Stocks 29,103 40,070
Debtors 6 11,486 18,458
Cash at bank and in hand 75,897 93,433
116,486 151,961
Creditors
Amounts falling due within one year 7 87,523 126,069
Net current assets 28,963 25,892
Total assets less current liabilities 64,807 81,269

Creditors
Amounts falling due after more than one
year

8

(11,273

)

(17,150

)

Provisions for liabilities (8,961 ) (13,844 )
Net assets 44,573 50,275

Capital and reserves
Called up share capital 9 130 130
Retained earnings 44,443 50,145
Shareholders' funds 44,573 50,275

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

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

The directors acknowledge their 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.

Alarian Limited (Registered number: 05321499)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





J C Webber - Director


Alarian Limited (Registered number: 05321499)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Alarian Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05321499

Registered office: 85 Church Road
Hove
East Sussex
BN3 6LD

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, has been fully amortised.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Alarian Limited (Registered number: 05321499)

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

2. Accounting policies - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.

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 held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Alarian Limited (Registered number: 05321499)

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

2. Accounting policies - continued

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 - 16 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 34,200
Amortisation
At 1 January 2023
and 31 December 2023 34,200
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 January 2023 52,183 8,663 130,884 10,962 202,692
Additions 720 183 - 105 1,008
Disposals (24,023 ) - (69,428 ) (6,893 ) (100,344 )
At 31 December 2023 28,880 8,846 61,456 4,174 103,356
Depreciation
At 1 January 2023 42,669 7,468 87,304 9,874 147,315
Charge for year 2,410 306 10,470 674 13,860
Eliminated on disposal (23,755 ) - (63,015 ) (6,893 ) (93,663 )
At 31 December 2023 21,324 7,774 34,759 3,655 67,512
Net book value
At 31 December 2023 7,556 1,072 26,697 519 35,844
At 31 December 2022 9,514 1,195 43,580 1,088 55,377

Alarian Limited (Registered number: 05321499)

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

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,654 5,528
Other debtors 7,832 12,930
11,486 18,458

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 5,877 10,363
Trade creditors 62,616 101,165
Taxation and social security 11,858 7,450
Other creditors 7,172 7,091
87,523 126,069

Creditors falling due within one year includes liabilities of £5,877 (2022: £10,363) which are secured on the related assets.

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 11,273 17,150

Creditors falling due after more than one year includes liabilities of £11,273 (2022: £17,150) which are secured on the related assets.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
65 Ordinary A £1 65 65
65 Ordinary B £1 65 65
130 130

10. Related party disclosures

Within creditors is £1,389 (2022: £1,389) owed to a director.