0 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC396822 2023-05-01 2024-04-30 SC396822 2024-04-30 SC396822 2023-04-30 SC396822 2022-05-01 2023-04-30 SC396822 2023-04-30 SC396822 2022-04-30 SC396822 bus:RegisteredOffice 2023-05-01 2024-04-30 SC396822 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 SC396822 bus:Director1 2023-05-01 2024-04-30 SC396822 bus:CompanySecretary1 2023-05-01 2024-04-30 SC396822 core:PlantMachinery 2023-04-30 SC396822 core:FurnitureFittingsToolsEquipment 2023-04-30 SC396822 core:MotorVehicles 2023-04-30 SC396822 core:PlantMachinery 2024-04-30 SC396822 core:FurnitureFittingsToolsEquipment 2024-04-30 SC396822 core:MotorVehicles 2024-04-30 SC396822 core:AfterOneYear 2024-04-30 SC396822 core:AfterOneYear 2023-04-30 SC396822 core:WithinOneYear 2024-04-30 SC396822 core:WithinOneYear 2023-04-30 SC396822 core:PlantMachinery 2023-05-01 2024-04-30 SC396822 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 SC396822 core:MotorVehicles 2023-05-01 2024-04-30 SC396822 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC396822 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC396822 core:PlantMachinery 2023-04-30 SC396822 core:FurnitureFittingsToolsEquipment 2023-04-30 SC396822 core:MotorVehicles 2023-04-30 SC396822 bus:Director1 2023-04-30 SC396822 bus:Director1 2024-04-30 SC396822 bus:Director1 2022-04-30 SC396822 bus:Director1 2023-04-30 SC396822 bus:Director1 2022-05-01 2023-04-30 SC396822 bus:SmallEntities 2023-05-01 2024-04-30 SC396822 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC396822 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC396822 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC396822 bus:FullAccounts 2023-05-01 2024-04-30
Company registration number: SC396822
Aldezan Ltd
Trading as Aldezan Ltd
Unaudited filleted financial statements
30 April 2024
Aldezan Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Aldezan Ltd
Directors and other information
Directors Mr Alan Walker
Secretary Mr Alan Walker
Company number SC396822
Registered office 2A Eddie Avenue
Brechin
Angus
DD9 6YE
Business address 2A Eddie Avenue
Brechin
Angus
DD9 6YE
Accountant J G Middleton
Coupar Angus Business Centre
8 Union Street
Coupar Angus
Perthshire
PH13 9AE
Bankers Royal Bank of Scotland
Brechin
Aldezan Ltd
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 23,816 30,324
_______ _______
23,816 30,324
Current assets
Stocks 550 530
Debtors 6 13,328 16,768
Cash at bank and in hand 142,739 125,250
_______ _______
156,617 142,548
Creditors: amounts falling due
within one year 7 ( 13,979) ( 14,762)
_______ _______
Net current assets 142,638 127,786
_______ _______
Total assets less current liabilities 166,454 158,110
Creditors: amounts falling due
after more than one year 8 ( 21,533) ( 31,487)
_______ _______
Net assets 144,921 126,623
_______ _______
Capital and reserves
Profit and loss account 144,921 126,623
_______ _______
Shareholders funds 144,921 126,623
_______ _______
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 August 2024 , and are signed on behalf of the board by:
Mr Alan Walker
Director
Company registration number: SC396822
Aldezan Ltd
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 2A Eddie Avenue, Brechin, Angus, DD9 6YE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 4 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 12,250 480 97,433 110,163
Disposals - - ( 524) ( 524)
_______ _______ _______ _______
At 30 April 2024 12,250 480 96,909 109,639
_______ _______ _______ _______
Depreciation
At 1 May 2023 11,408 446 67,985 79,839
Charge for the year 164 34 5,786 5,984
_______ _______ _______ _______
At 30 April 2024 11,572 480 73,771 85,823
_______ _______ _______ _______
Carrying amount
At 30 April 2024 678 - 23,138 23,816
_______ _______ _______ _______
At 30 April 2023 842 34 29,448 30,324
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 12,500 12,860
Other debtors 828 3,908
_______ _______
13,328 16,768
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 3,516 2,902
Corporation tax 8,868 7,122
Social security and other taxes 2 3,232
Other creditors 1,593 1,506
_______ _______
13,979 14,762
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 21,533 31,487
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Alan Walker 106 ( 460) ( 354)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Alan Walker ( 902) 1,008 106
_______ _______ _______