Registered Number:00890717 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
ALAN C FORD LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
ALAN C FORD LTD
Statement of Financial Position
2022
2023
Property, plant and equipment |
415,292
392,144
2
415,292
392,144
1,550,000
899,790
3
Trade and other receivables |
80,312
12,729
4
71,036
Cash and cash equivalents |
39,349
951,868
1,701,348
Trade and other payables: amounts falling due within one |
year |
(570,810)
(561,494)
5
1,130,538
390,374
Net current assets
Total assets less current liabilities |
805,666
1,522,682
Trade and other payables: amounts falling due after more |
than one year |
(364,527)
(364,502)
6
441,164
Net assets
1,158,155
500
500
440,664
1,157,655
441,164
1,158,155
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 26 April 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 30 November 2023
ALAN C FORD LTD
Notes to the Financial Statements
Statutory Information
ALAN C FORD LTD is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 00890717. |
Primrose Cottage
Hill End Road
HAREFIELD
Middlesex
UB9 6LH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Inventories
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 includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 30 November 2023
ALAN C FORD LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
711,495
21,631
210,491
225,606
253,767
91,850
-
-
91,850
-
-
(15,490)
(68,000)
-
(83,490)
249,456
195,001
21,631
719,855
253,767
Provision for depreciation and impairment |
319,351
19,110
122,959
177,282
-
Charge for year
53,842
630
21,194
32,018
-
(68,630)
-
(12,733)
(55,897)
-
304,563
19,740
131,420
153,403
-
253,767
96,053
63,581
1,891
415,292
253,767
48,324
87,532
2,521
392,144
2022
2023
899,790
1,550,000
4. Trade and other receivables |
2022
2023
6,000
3,692
6,729
76,620
80,312
12,729
3 of 4
For the year ended 30 November 2023
ALAN C FORD LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
-
25,000
233,162
371,413
Taxation and social security |
121,762
32,301
206,570
142,096
561,494
570,810
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
62,500
62,500
Bank loans and overdraft (secured) |
302,002
302,027
364,502
364,527
7. Average number of persons employed |
During the year the average number of employees was 5 (2022 : 5)
4 of 4