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REGISTERED NUMBER: 02770293 (England and Wales)













THE ALUMINIUM LIGHTING COMPANY LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

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


THE ALUMINIUM LIGHTING COMPANY LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C T Williams
B G Williams





SECRETARY: B G Williams





REGISTERED OFFICE: Unit 8
Croeserw Industrial Estate
Cymmer
Neath Port Talbot
SA13 3PB





REGISTERED NUMBER: 02770293 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
3 New Mill Court
Enterprise Park
Swansea
SA7 9FG

THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 96,559 109,034
Tangible assets 5 1,423,937 557,616
1,520,496 666,650

CURRENT ASSETS
Stocks 357,046 746,122
Debtors 6 1,442,599 983,139
Cash at bank and in hand 131,168 143,925
1,930,813 1,873,186
CREDITORS
Amounts falling due within one year 7 892,014 920,695
NET CURRENT ASSETS 1,038,799 952,491
TOTAL ASSETS LESS CURRENT LIABILITIES 2,559,295 1,619,141

CREDITORS
Amounts falling due after more than one
year

8

(64,394

)

(109,848

)

PROVISIONS FOR LIABILITIES (298,776 ) (18,776 )
NET ASSETS 2,196,125 1,490,517

CAPITAL AND RESERVES
Called up share capital 30,600 30,600
Revaluation reserve 9 913,983 343,984
Retained earnings 1,251,542 1,115,933
2,196,125 1,490,517

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 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.

THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

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 Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





C T Williams - Director


THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Aluminium Lighting Company 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.

Principle activities

The principle activity of the company continued to be that of development of aluminium products.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Patents 10% straight line

THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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:

Land and buildings Freehold 2% straight line
Plant and machinery 25% straight line
Fixtures, fittings & equipment 4% straight line
Computer equipment 25% straight line
Motor vehicles 25% straight line

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.

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.

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.

Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated

THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 28 ) .

THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 297,030
Additions 13,228
At 31 December 2023 310,258
AMORTISATION
At 1 January 2023 187,996
Charge for year 25,703
At 31 December 2023 213,699
NET BOOK VALUE
At 31 December 2023 96,559
At 31 December 2022 109,034

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 550,000 925,525 1,475,525
Additions - 81,702 81,702
Disposals - (106,426 ) (106,426 )
Revaluations 740,000 - 740,000
At 31 December 2023 1,290,000 900,801 2,190,801
DEPRECIATION
At 1 January 2023 110,000 807,909 917,909
Charge for year - 65,381 65,381
Eliminated on disposal - (106,426 ) (106,426 )
Revaluation adjustments (110,000 ) - (110,000 )
At 31 December 2023 - 766,864 766,864
NET BOOK VALUE
At 31 December 2023 1,290,000 133,937 1,423,937
At 31 December 2022 440,000 117,616 557,616

The Directors have deemed the valuation of the freehold property within the accounts to be adequate.

THE ALUMINIUM LIGHTING COMPANY LTD. (REGISTERED NUMBER: 02770293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 647,155 456,653
Amounts owed by group undertakings 77,336 -
Amounts recoverable on contract 300,361 -
Other debtors 417,747 526,486
1,442,599 983,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,455 45,455
Trade creditors 343,032 342,182
Taxation and social security 236,764 220,825
Other creditors 266,763 312,233
892,014 920,695

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 64,394 109,848

Long-term loans are secured by fixed and floating charges against the assets of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023 343,984
Depreciation on revaluation (1 )
Revaluation 850,000
Revaluation deferred tax (280,000 )

At 31 December 2023 913,983

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of De Lange Holdings Limited, a company registered and based in the UK.