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REGISTERED NUMBER: 04981817 (England and Wales)















ALFORD IP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ALFORD IP LIMITED (REGISTERED NUMBER: 04981817)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALFORD IP LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: R T Alford



REGISTERED OFFICE: Alford House
Epsom Square
White Horse Business Park
Trowbridge
Wiltshire
BA14 0XG



REGISTERED NUMBER: 04981817 (England and Wales)



ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



BANKERS: Lloyds TSB
29 High Street
Chippenham
Wiltshire
SN15 3HA

ALFORD IP LIMITED (REGISTERED NUMBER: 04981817)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,879 29,004
15,879 29,004

CURRENT ASSETS
Debtors 6 99,383 4,011
Cash at bank 15,832 -
115,215 4,011
CREDITORS
Amounts falling due within one year 7 5,001 7,763
NET CURRENT ASSETS/(LIABILITIES) 110,214 (3,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,093

25,252

PROVISIONS FOR LIABILITIES 2,043 2,043
NET ASSETS 124,050 23,209

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 123,050 22,209
SHAREHOLDERS' FUNDS 124,050 23,209

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.

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 21 August 2024 and were signed by:





R T Alford - Director


ALFORD IP LIMITED (REGISTERED NUMBER: 04981817)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Alford IP Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Alford IP Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Alford Technology Holdings Limited, .

Turnover
Turnover represents net invoiced sale of patents and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents
Costs of patents are charged to the profit and loss account as an expense as they are incurred. Internally developed intangible assets such as patents will be capitalised if a market value is readily ascertainable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 20% on cost
Motor vehicles - 25% on 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ALFORD IP LIMITED (REGISTERED NUMBER: 04981817)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 6,347
AMORTISATION
At 1 January 2023
and 31 December 2023 6,347
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 522,774 5,427 528,201
DEPRECIATION
At 1 January 2023 493,873 5,324 499,197
Charge for year 13,099 26 13,125
At 31 December 2023 506,972 5,350 512,322
NET BOOK VALUE
At 31 December 2023 15,802 77 15,879
At 31 December 2022 28,901 103 29,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings 97,555 3,322
VAT 1,643 689
Prepayments and accrued income 185 -
99,383 4,011

ALFORD IP LIMITED (REGISTERED NUMBER: 04981817)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 4
Trade creditors 4,981 5,582
Amounts owed to group undertakings 20 2,177
5,001 7,763

8. RELATED PARTY DISCLOSURES

During the period loans were made to the following group companies:

2023 2022
£ £
Alford Technologies Limited 97,555 -
Alford Technology Holdings Limited - 3,322

This balance is included in Debtors.

During the period loans were made from the following group companies:

2023 2022
£ £
Alford Explosive Consultancy Limited - (2,156 )

This balance is included in Creditors.


During the period loans were made to the following company, of which the director Roland Alford is a
majority shareholder and director:
2023 2022
£ £
Alford Property Holdings Limited (20 ) (20 )

This balance is included in Creditors


Management charges were received during the period from:

2023 2022
£ £
Alford Technologies Limited 73,641 64,200