2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 191,667 191,667 191,667 xbrli:pure xbrli:shares iso4217:GBP 12128938 2022-08-01 2023-07-31 12128938 2023-07-31 12128938 2022-07-31 12128938 2021-08-01 2022-07-31 12128938 2022-07-31 12128938 2021-07-31 12128938 bus:Director2 2022-08-01 2023-07-31 12128938 bus:Director4 2022-08-01 2023-07-31 12128938 core:PlantMachinery 2022-08-01 2023-07-31 12128938 core:WithinOneYear 2023-07-31 12128938 core:WithinOneYear 2022-07-31 12128938 core:AfterOneYear 2023-07-31 12128938 core:AfterOneYear 2022-07-31 12128938 core:ShareCapital 2023-07-31 12128938 core:ShareCapital 2022-07-31 12128938 core:RetainedEarningsAccumulatedLosses 2023-07-31 12128938 core:RetainedEarningsAccumulatedLosses 2022-07-31 12128938 core:PlantMachinery 2023-07-31 12128938 bus:Director4 2023-07-31 12128938 bus:SmallEntities 2022-08-01 2023-07-31 12128938 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12128938 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12128938 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12128938 bus:FullAccounts 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 12128938
Alfred Charles Homes (Ickburgh) Limited
Unaudited financial statements
For the year ended
31 July 2023
Alfred Charles Homes (Ickburgh) Limited
Statement of financial position
31 July 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
191,667
Current assets
Stocks
331,749
1,705,138
Debtors
6
167,704
639,927
Cash at bank and in hand
6,035
121,328
---------
-----------
505,488
2,466,393
Creditors: Amounts falling due within one year
7
( 379,837)
( 2,378,671)
---------
-----------
Net current assets
125,651
87,722
---------
-------
Total assets less current liabilities
317,318
87,722
Creditors: Amounts falling due after more than one year
8
( 39,331)
( 37,107)
Provisions
Taxation including deferred tax
( 40,269)
---------
-------
Net assets
237,718
50,615
---------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
237,618
50,515
---------
-------
Shareholders funds
237,718
50,615
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alfred Charles Homes (Ickburgh) Limited
Statement of financial position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
Mr P D Rogers
Director
Company registration number: 12128938
Alfred Charles Homes (Ickburgh) Limited
Notes to the financial statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5b Alkmaar Way, Norwich, NR6 6BF, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Stocks
Stocks are measured 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 the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 2 (2022: 2 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 August 2022
Additions
191,667
---------
At 31 July 2023
191,667
---------
Depreciation
At 1 August 2022 and 31 July 2023
---------
Carrying amount
At 31 July 2023
191,667
---------
At 31 July 2022
---------
6. Debtors
2023
2022
£
£
Trade debtors
364
600,364
Other debtors
167,340
39,563
---------
---------
167,704
639,927
---------
---------
7. Creditors: Amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,607
1,141,774
Trade creditors
35,748
314,851
Social security and other taxes
11,799
11,874
Other creditors
326,683
910,172
---------
-----------
379,837
2,378,671
---------
-----------
8. Creditors: Amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
39,331
37,107
-------
-------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Director
51,769
51,769
----
-------
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Director
----
----
----
The above directors loan and advances were subject to HMRCs standard rate of interest.