IRIS Accounts Production v24.1.9.2 02379893 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023798932023-03-31023798932024-03-31023798932023-04-012024-03-31023798932022-03-31023798932022-04-012023-03-31023798932023-03-3102379893ns15:EnglandWales2023-04-012024-03-3102379893ns14:PoundSterling2023-04-012024-03-3102379893ns10:Director12023-04-012024-03-3102379893ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102379893ns10:SmallEntities2023-04-012024-03-3102379893ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102379893ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102379893ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102379893ns10:AbridgedAccounts2023-04-012024-03-310237989312023-04-012024-03-3102379893ns10:OrdinaryShareClass12023-04-012024-03-3102379893ns10:Director22023-04-012024-03-3102379893ns10:RegisteredOffice2023-04-012024-03-3102379893ns5:CurrentFinancialInstruments2024-03-3102379893ns5:CurrentFinancialInstruments2023-03-3102379893ns5:Non-currentFinancialInstruments2024-03-3102379893ns5:Non-currentFinancialInstruments2023-03-3102379893ns5:ShareCapital2024-03-3102379893ns5:ShareCapital2023-03-3102379893ns5:RetainedEarningsAccumulatedLosses2024-03-3102379893ns5:RetainedEarningsAccumulatedLosses2023-03-3102379893ns5:NetGoodwill2023-04-012024-03-3102379893ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3102379893ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3102379893ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3102379893ns5:PlantMachinery2023-04-012024-03-3102379893ns5:FurnitureFittings2023-04-012024-03-3102379893ns5:MotorVehicles2023-04-012024-03-3102379893ns10:OrdinaryShareClass12024-03-310237989312023-04-012024-03-31
REGISTERED NUMBER: 02379893 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Alliance Seals Limited

Alliance Seals Limited (Registered number: 02379893)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Alliance Seals Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: J Zdanko
S E Zdanko





REGISTERED OFFICE: Alliance Mews
27 Enfield Industrial Estate
Windsor Road
Redditch
Worcestershire
B97 6BG





REGISTERED NUMBER: 02379893 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Alliance Seals Limited (Registered number: 02379893)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 347,327 350,166
Investments 6 80,171 48,550
427,498 398,716

CURRENT ASSETS
Stocks 35,025 33,880
Debtors 91,315 116,901
Cash at bank and in hand 137,657 137,024
263,997 287,805
CREDITORS
Amounts falling due within one year 67,237 74,944
NET CURRENT ASSETS 196,760 212,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,258

611,577

CREDITORS
Amounts falling due after more than one
year

13,333

23,333
NET ASSETS 610,925 588,244

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 600,925 578,244
SHAREHOLDERS' FUNDS 610,925 588,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Alliance Seals Limited (Registered number: 02379893)

Abridged Balance Sheet - continued
31 March 2024


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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2024 and were signed on its behalf by:





J Zdanko - Director


Alliance Seals Limited (Registered number: 02379893)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Alliance Seals 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of the business in 1992, is being written off evenly over it's estimated useful life of ten 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.
Freehold property - not provided
Improvements to property - not provided
Motor vehicles - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

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

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.


Alliance Seals Limited (Registered number: 02379893)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Freehold property
No depreciation is provided on freehold property. It is the company's practice to maintain these properties in a state of sound repair and accordingly the directors consider that the life of the properties is so long and residual values so high that depreciation is insignificant.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 13,000
AMORTISATION
At 1 April 2023
and 31 March 2024 13,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

Alliance Seals Limited (Registered number: 02379893)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 423,086
Additions 10,794
Disposals (9,789 )
At 31 March 2024 424,091
DEPRECIATION
At 1 April 2023 72,920
Charge for year 3,844
At 31 March 2024 76,764
NET BOOK VALUE
At 31 March 2024 347,327
At 31 March 2023 350,166

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Classic Cars 80,171 48,550

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary Shares £1 10,000 10,000

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current year by Mr J Zdanko by virtue of his 100% holding of the
ordinary shares of the company.