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REGISTERED NUMBER: 03690076 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ALDERMINSTER ELECTRICS LIMITED

ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALDERMINSTER ELECTRICS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: P A Clack
Mrs M Clack





REGISTERED OFFICE: Unit 8 Shipston Business Village
Tilemans Lane
Shipston
Warwickshire
CV36 4FF





REGISTERED NUMBER: 03690076 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 78,843 62,221
Investments 6 29,800 29,800
108,643 92,021

CURRENT ASSETS
Stocks 17,028 28,470
Debtors 7 203,637 175,274
Cash at bank and in hand 86,051 123,627
306,716 327,371
CREDITORS
Amounts falling due within one year 8 198,717 200,847
NET CURRENT ASSETS 107,999 126,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,642

218,545

CREDITORS
Amounts falling due after more than one
year

9

(20,577

)

(23,277

)

PROVISIONS FOR LIABILITIES (12,605 ) (9,295 )
NET ASSETS 183,460 185,973

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 182,460 184,973
SHAREHOLDERS' FUNDS 183,460 185,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

BALANCE SHEET - continued
30 April 2024


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





Mrs M Clack - Director


ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Alderminster Electrics 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 assets of the scheme are held separately from those of the company in independently administered schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023
and 30 April 2024 60,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 172,787
Additions 39,811
Disposals (18,177 )
At 30 April 2024 194,421
DEPRECIATION
At 1 May 2023 110,566
Charge for year 19,376
Eliminated on disposal (14,364 )
At 30 April 2024 115,578
NET BOOK VALUE
At 30 April 2024 78,843
At 30 April 2023 62,221

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 39,811
At 30 April 2024 39,811
DEPRECIATION
Charge for year 7,962
At 30 April 2024 7,962
NET BOOK VALUE
At 30 April 2024 31,849

ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 29,800
NET BOOK VALUE
At 30 April 2024 29,800
At 30 April 2023 29,800

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 153,464 151,117
Other debtors 21,493 19,235
174,957 170,352

Amounts falling due after more than one year:
Other debtors 28,680 4,922

Aggregate amounts 203,637 175,274

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,184 9,932
Hire purchase contracts 5,782 -
Trade creditors 77,973 127,033
Taxation and social security 102,004 60,861
Other creditors 2,774 3,021
198,717 200,847

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,096 23,277
Hire purchase contracts 7,481 -
20,577 23,277

ALDERMINSTER ELECTRICS LIMITED (REGISTERED NUMBER: 03690076)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


10. RELATED PARTY DISCLOSURES

At 30 April 2024 other creditors includes loans made to the company by the directors of £9 (2023 £21). The loans are interest free and no fixed date for repayment.

At 30 April 2024 Alderminster Electrics Limited was owed £nil (2023 £4,922) by Alderminster Group Limited, its parent company.

During the year Alderminster Electrics Limited paid rent of £36,000 (2023 £36,000) to Alderminster Group Limited.

At 30 April 2024 Alderminster Electrics Limited was owed £28,680 (2023 £nil) by Alderminster Properties Limited, a company owned by Mr P A Clack and Mrs M Clack.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Alderminster Group Limited.

The ultimate controlling party is Mr P A Clack and Mrs M Clack.