Registered number
01915128
ALUCOM LIMITED
Filleted Accounts
30 November 2023
ALUCOM LIMITED
Registered number: 01915128
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 378,866 379,766
Current assets
Debtors 4 - 1,530
Cash at bank and in hand 5,987 6,646
5,987 8,176
Creditors: amounts falling due within one year 5 (53,640) (55,403)
Net current liabilities (47,653) (47,227)
Net assets 331,213 332,539
Capital and reserves
Called up share capital 100 100
Profit and loss account 331,113 332,439
Shareholders' funds 331,213 332,539
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Y L Chung
Director
Approved by the board on 5 August 2024
ALUCOM LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 15% per annum on net book value
Fixtures, fittings, tools and equipment 15% per annum on net book value
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 375,491 131,602 507,093
At 30 November 2023 375,491 131,602 507,093
Depreciation
At 1 December 2022 - 127,327 127,327
Charge for the year - 900 900
At 30 November 2023 - 128,227 128,227
Net book value
At 30 November 2023 375,491 3,375 378,866
At 30 November 2022 375,491 4,275 379,766
4 Debtors 2023 2022
£ £
Prepayments - 1,530
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs - 1,762
Accruals 1,970 1,970
Other creditors 51,670 51,671
53,640 55,403
6 Controlling party
The ultimate controlling interest of the company is held by Mr Y L Chung, a director of the company .
7 Other information
ALUCOM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Hamilton House
4A The Avenue
Highams Park
London
E4 9LD
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