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REGISTERED NUMBER: 09921558 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ali Pco Hire Ltd

Ali Pco Hire Ltd (Registered number: 09921558)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ali Pco Hire Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Sikander Ali





REGISTERED OFFICE: 12 Cranbrook Rise
Ilford
Essex
IG1 3QN





REGISTERED NUMBER: 09921558 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

Ali Pco Hire Ltd (Registered number: 09921558)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,051,425 1,664,407

CURRENT ASSETS
Debtors 5 3,452 41,235
Cash at bank 14,852 42,404
18,304 83,639
CREDITORS
Amounts falling due within one year 6 560,300 478,821
NET CURRENT LIABILITIES (541,996 ) (395,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,509,429

1,269,225

CREDITORS
Amounts falling due after more than one
year

7

970,009

1,015,724
NET ASSETS 539,420 253,501

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 539,320 253,401
539,420 253,501

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

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

The director acknowledges his 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.

Ali Pco Hire Ltd (Registered number: 09921558)

Balance Sheet - continued
31 December 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 26 July 2024 and were signed by:





Sikander Ali - Director


Ali Pco Hire Ltd (Registered number: 09921558)

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

1. STATUTORY INFORMATION

Ali Pco Hire Ltd 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 from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below. The depreciation method of the motor vehicles is based on the useful life and wear and tear of motor vehicles.

Depreciation is provided on the following basis:
Fixtures and fittings - 25% on cost
Motor vehicles - 5% reducing balance

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.


Ali Pco Hire Ltd (Registered number: 09921558)

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

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

Going concern
The total current liabilities exceed the total current assets of the company as at 31 December 2023. The director has confirmed that the company will have continuous support from the creditors. The director is confident that the company has sufficient resources to trade as a going concern. It is for these reasons the accounts have been prepared as a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Ali Pco Hire Ltd (Registered number: 09921558)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,847,523
Additions 500,225
Disposals (4,431 )
At 31 December 2023 2,343,317
DEPRECIATION
At 1 January 2023 183,116
Charge for year 108,776
At 31 December 2023 291,892
NET BOOK VALUE
At 31 December 2023 2,051,425
At 31 December 2022 1,664,407

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Other debtors 3,452 41,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 18,789 17,032
Hire purchase contracts 457,477 370,095
Other creditors 84,034 91,694
560,300 478,821

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 118,983 138,916
Hire purchase contracts 851,026 876,808
970,009 1,015,724

Ali Pco Hire Ltd (Registered number: 09921558)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/12/23 31/12/22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 118,983 138,916