Company registration number 4046908 (England and Wales)
A L E BUSINESS MACHINES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
A L E BUSINESS MACHINES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
A L E BUSINESS MACHINES LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
106,449
62,065
Investments
4
-
0
50,000
106,449
112,065
Current assets
Stocks
4,510
5,380
Debtors
5
465,868
384,781
Cash at bank and in hand
89,745
187,908
560,123
578,069
Creditors: amounts falling due within one year
6
(446,913)
(528,194)
Net current assets
113,210
49,875
Total assets less current liabilities
219,659
161,940
Creditors: amounts falling due after more than one year
7
(17,639)
(59,306)
Provisions for liabilities
(21,723)
(9,132)
Net assets
180,297
93,502
Capital and reserves
Called up share capital
200
200
Own shares
(42,040)
(42,040)
Profit and loss reserves
222,137
135,342
Total equity
180,297
93,502

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

A L E BUSINESS MACHINES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 March 2024 and are signed on its behalf by:
Mr D Lawrie
Mr A P Hanson
Director
Director
Company Registration No. 4046908
A L E BUSINESS MACHINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

A L E Business Machines Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18/20 Canterbury Road, Whitstable, Kent, CT5 4EY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover is a measure at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost
Plant and equipment
25% on reducing balance
Office equipment
15% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment in subsidiaries
Investment in subsidiary undertakings are recognised at its cost.
1.5
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

A L E BUSINESS MACHINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 16 (2022 - 15).

2023
2022
Number
Number
Total
16
15
A L E BUSINESS MACHINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Office equipment
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 December 2022
24,373
20,610
23,193
16,542
63,347
148,065
Additions
-
0
64,679
-
0
-
0
16,795
81,474
Disposals
-
0
-
0
-
0
-
0
(29,659)
(29,659)
At 30 November 2023
24,373
85,289
23,193
16,542
50,483
199,880
Depreciation and impairment
At 1 December 2022
7,311
9,468
6,148
13,854
49,219
86,000
Depreciation charged in the year
2,437
18,956
2,557
672
6,152
30,774
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(23,343)
(23,343)
At 30 November 2023
9,748
28,424
8,705
14,526
32,028
93,431
Carrying amount
At 30 November 2023
14,625
56,865
14,488
2,016
18,455
106,449
At 30 November 2022
17,062
11,142
17,045
2,688
14,128
62,065
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
-
0
50,000
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 December 2022 & 30 November 2023
50,000
Impairment
At 1 December 2022
-
Written off
50,000
At 30 November 2023
50,000
Carrying amount
At 30 November 2023
-
At 30 November 2022
50,000
A L E BUSINESS MACHINES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
318,665
218,483
Other debtors
147,203
166,298
465,868
384,781
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
180,979
270,039
Corporation tax
96,446
47,385
Other taxation and social security
73,546
64,912
Other creditors
85,942
135,858
446,913
528,194
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
17,639
59,306
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