Registered number
08773799
Aldridge Installations Ltd
Unaudited Filleted Accounts
30 November 2023
Aldridge Installations Ltd
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Balance sheet 4
Notes to the accounts 5
Aldridge Installations Ltd
Company Information
Director
S D Aldridge
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
60 High Street
Totton
Southampton
SO40 9HN
Registered number
08773799
Aldridge Installations Ltd
Registered number: 08773799
Director's Report
The director presents his report and accounts for the year ended 30 November 2023.
Principal activities
The company's principal activity during the year, continued to be that of, double glazing.
Directors
The following persons served as directors during the year:
S D Aldridge
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 22 August 2024 and signed on its behalf.
S D Aldridge
Director
Aldridge Installations Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Aldridge Installations Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aldridge Installations Ltd for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Cochrane & Co Accountants Limited
Chartered Accountants
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
28 August 2024
Aldridge Installations Ltd
Registered number: 08773799
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,838 6,798
Current assets
Stocks 50,000 50,000
Debtors 4 35,198 35,951
Cash at bank and in hand 38,991 24,256
124,189 110,207
Creditors: amounts falling due within one year 5 (105,606) (88,579)
Net current assets 18,583 21,628
Total assets less current liabilities 26,421 28,426
Creditors: amounts falling due after more than one year 6 (15,818) (25,956)
Provisions for liabilities (1,489) (1,409)
Net assets 9,114 1,061
Capital and reserves
Called up share capital 2 2
Profit and loss account 9,112 1,059
Shareholder's funds 9,114 1,061
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 member has 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.
S D Aldridge
Director
Approved by the board on 22 August 2024
Aldridge Installations Ltd
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance
Plant and machinery 20% reducing balance
Computer equipment 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 5,830 22,495 28,325
Additions - 3,000 3,000
At 30 November 2023 5,830 25,495 31,325
Depreciation
At 1 December 2022 5,830 15,697 21,527
Charge for the year - 1,960 1,960
At 30 November 2023 5,830 17,657 23,487
Net book value
At 30 November 2023 - 7,838 7,838
At 30 November 2022 - 6,798 6,798
4 Debtors 2023 2022
£ £
Trade debtors 34,198 34,951
Other debtors 1,000 1,000
35,198 35,951
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,831 9,524
Trade creditors 68,291 52,188
Taxation and social security costs 12,066 14,175
Other creditors 15,418 12,692
105,606 88,579
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,818 25,956
7 Controlling party
The company is controlled by S Aldridge.
8 Other information
Aldridge Installations Ltd is a private company limited by shares and incorporated in England. Its registered office is:
60 High Street
Totton
Southampton
SO40 9HN
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