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REGISTERED NUMBER: 02454595 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

ALMESCO LIMITED

ALMESCO LIMITED (REGISTERED NUMBER: 02454595)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ALMESCO LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: D S Ball



SECRETARY:



REGISTERED OFFICE: Unit D17B Western Avenue
Bridgend Industrial Estate
Bridgend
Mid Glamorgan
CF31 3RT



REGISTERED NUMBER: 02454595 (England and Wales)



ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY



SOLICITORS: Rubins Lewis O'Brien
10 Crickhowell Road
St Mellons
Cardiff
CF1 6SB

ALMESCO LIMITED (REGISTERED NUMBER: 02454595)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,855 179,036
Investment property 5 131,014 131,014
224,869 310,050

CURRENT ASSETS
Stocks 78,025 77,650
Debtors 6 591,804 1,321,788
Cash at bank and in hand 17,331 31,375
687,160 1,430,813
CREDITORS
Amounts falling due within one year 7 257,268 238,592
NET CURRENT ASSETS 429,892 1,192,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,761

1,502,271

CREDITORS
Amounts falling due after more than one
year

8

(375,638

)

(461,386

)

PROVISIONS FOR LIABILITIES (10,984 ) (3,077 )
NET ASSETS 268,139 1,037,808

CAPITAL AND RESERVES
Called up share capital 53,063 53,063
Share premium 11,893 11,893
Retained earnings 203,183 972,852
SHAREHOLDERS' FUNDS 268,139 1,037,808

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

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

The director acknowledges her 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.

ALMESCO LIMITED (REGISTERED NUMBER: 02454595)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2024 and were signed by:





D S Ball - Director


ALMESCO LIMITED (REGISTERED NUMBER: 02454595)

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

1. STATUTORY INFORMATION

Almesco Limited 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 is derived from the principal activities of the company and represents invoiced sales of goods and services, and is stated net of trade discounts, Value Added Tax, and other sales taxes.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 33% on reducing balance and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Work in progress is calculated under UITF 40, and is included at sales value at year end within recoverable on contracts.

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

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable to the schemes for the period are charged directly to the profit and loss account.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

ALMESCO LIMITED (REGISTERED NUMBER: 02454595)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 386,424 19,215 162,024 567,663
Disposals - - (78,989 ) (78,989 )
At 31 July 2023 386,424 19,215 83,035 488,674
DEPRECIATION
At 1 August 2022 295,446 15,790 77,456 388,692
Charge for year 9,098 343 25,839 35,280
Eliminated on disposal - - (29,153 ) (29,153 )
At 31 July 2023 304,544 16,133 74,142 394,819
NET BOOK VALUE
At 31 July 2023 81,880 3,082 8,893 93,855
At 31 July 2022 90,978 3,425 84,568 178,971

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 131,014
NET BOOK VALUE
At 31 July 2023 131,014
At 31 July 2022 131,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 241,804 197,902
Other debtors 350,000 1,123,886
591,804 1,321,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 86,326 51,960
Trade creditors 96,513 135,406
Taxation and social security 49,509 45,007
Other creditors 24,920 6,219
257,268 238,592

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 375,638 461,386

ALMESCO LIMITED (REGISTERED NUMBER: 02454595)

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

9. RELATED PARTY DISCLOSURES

D S Ball
By virtue of her shareholding and being sole director of the company

The company operates from premises which are partly owned by Miss Ball. The rent paid by Almesco Ltd for the factory during the year ended 31 July 2023 was £30,864 (2022: £30,864). There was no liability outstanding at the year end.

D S Ball
By virtue of her shareholding and being sole director of the company

Included in other creditors is a balance of £27,319 (2022: £2,319) owed to Miss D S Ball, a directors of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D S Ball.

Miss D S Ball has control by virtue of her shareholding, and being sole director of the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Almesco Limited

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 Almesco Limited for the year ended 31 July 2023 which comprise the Income Statement, 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 Almesco Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Almesco Limited and state those matters that we have agreed to state to the director of Almesco Limited 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 Almesco Limited and its director for our work or for this report.

It is your duty to ensure that Almesco Limited 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 loss of Almesco Limited. You consider that Almesco Limited 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 Almesco Limited. 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.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


19 April 2024