Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 28 August 2024 1 January 2023 31 December 2023 31 December 2023 10510963 Mr S J Greening Mr D G Webb Mr R J Lowe Mrs S L Johnson Mr M J Townsend Mr S J Greening iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10510963 2022-12-31 10510963 2023-12-31 10510963 2023-01-01 2023-12-31 10510963 frs-core:CurrentFinancialInstruments 2023-12-31 10510963 frs-core:Non-currentFinancialInstruments 2023-12-31 10510963 frs-core:BetweenOneFiveYears 2023-12-31 10510963 frs-core:ComputerEquipment 2023-12-31 10510963 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10510963 frs-core:ComputerEquipment 2022-12-31 10510963 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10510963 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 10510963 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 10510963 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 10510963 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 10510963 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10510963 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 10510963 frs-core:MotorVehicles 2023-12-31 10510963 frs-core:MotorVehicles 2023-01-01 2023-12-31 10510963 frs-core:MotorVehicles 2022-12-31 10510963 frs-core:PlantMachinery 2023-12-31 10510963 frs-core:PlantMachinery 2023-01-01 2023-12-31 10510963 frs-core:PlantMachinery 2022-12-31 10510963 frs-core:WithinOneYear 2023-12-31 10510963 frs-core:CapitalRedemptionReserve 2023-12-31 10510963 frs-core:SharePremium 2023-12-31 10510963 frs-core:ShareCapital 2023-12-31 10510963 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10510963 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10510963 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10510963 frs-bus:SmallEntities 2023-01-01 2023-12-31 10510963 frs-bus:Audited 2023-01-01 2023-12-31 10510963 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10510963 frs-core:DeferredTaxation 2023-01-01 2023-12-31 10510963 frs-core:DeferredTaxation 2022-12-31 10510963 frs-core:DeferredTaxation 2023-12-31 10510963 frs-core:CostValuation 2022-12-31 10510963 frs-core:AdditionsToInvestments 2023-12-31 10510963 frs-core:CostValuation 2023-12-31 10510963 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 10510963 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 10510963 frs-bus:Director1 2023-01-01 2023-12-31 10510963 frs-bus:Director2 2023-01-01 2023-12-31 10510963 frs-bus:Director3 2023-01-01 2023-12-31 10510963 frs-bus:Director4 2023-01-01 2023-12-31 10510963 frs-bus:Director5 2023-01-01 2023-12-31 10510963 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 10510963 frs-countries:EnglandWales 2023-01-01 2023-12-31 10510963 frs-core:Subsidiary1 2023-01-01 2023-12-31 10510963 frs-core:Subsidiary1 1 2023-01-01 2023-12-31 10510963 2021-12-31 10510963 2022-12-31 10510963 2022-01-01 2022-12-31 10510963 frs-core:CurrentFinancialInstruments 2022-12-31 10510963 frs-core:Non-currentFinancialInstruments 2022-12-31 10510963 frs-core:BetweenOneFiveYears 2022-12-31 10510963 frs-core:WithinOneYear 2022-12-31 10510963 frs-core:CapitalRedemptionReserve 2022-12-31 10510963 frs-core:SharePremium 2022-12-31 10510963 frs-core:ShareCapital 2022-12-31 10510963 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10510963
Alto Energy Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 10510963
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 458,066 641,637
Investments 5 4,950 -
463,016 641,637
CURRENT ASSETS
Stocks 6 892,958 772,679
Debtors 7 659,998 419,624
Cash at bank and in hand 1,387,416 762,302
2,940,372 1,954,605
Creditors: Amounts Falling Due Within One Year 8 (1,210,301 ) (1,011,447 )
NET CURRENT ASSETS (LIABILITIES) 1,730,071 943,158
TOTAL ASSETS LESS CURRENT LIABILITIES 2,193,087 1,584,795
Creditors: Amounts Falling Due After More Than One Year 9 (100,818 ) (245,255 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (114,976 ) (65,984 )
NET ASSETS 1,977,293 1,273,556
CAPITAL AND RESERVES
Called up share capital 12 1,961 1,961
Share premium account 47,500 47,500
Capital redemption reserve 539 539
Profit and Loss Account 1,927,293 1,223,556
SHAREHOLDERS' FUNDS 1,977,293 1,273,556
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S J Greening
Director
28 August 2024
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Alto Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10510963 . The registered office is Orchard Works Carterton Industrial Estate, Black Bourton Road, Carterton, Oxfordshire, OX18 3EZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straight line over 140 years
Leasehold 20 years Straight line
Plant & Machinery 10% Straight line
Motor Vehicles 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33.33% Straight line
2.4. Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2022: 27)
39 27
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2023 385,000 - 58,362 292,624
Additions - 43,689 33,572 243,141
Disposals (385,000 ) - (7,995 ) (58,224 )
As at 31 December 2023 - 43,689 83,939 477,541
Depreciation
As at 1 January 2023 5,500 - 5,315 95,965
Provided during the period - 1,034 6,815 73,894
Disposals (5,500 ) - (933 ) (28,195 )
As at 31 December 2023 - 1,034 11,197 141,664
Net Book Value
As at 31 December 2023 - 42,655 72,742 335,877
As at 1 January 2023 379,500 - 53,047 196,659
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Computer Equipment Total
£ £
Cost
As at 1 January 2023 19,468 755,454
Additions - 320,402
Disposals - (451,219 )
As at 31 December 2023 19,468 624,637
Depreciation
As at 1 January 2023 7,037 113,817
Provided during the period 5,639 87,382
Disposals - (34,628 )
As at 31 December 2023 12,676 166,571
Net Book Value
As at 31 December 2023 6,792 458,066
As at 1 January 2023 12,431 641,637
5. Investments
Subsidiaries
£
Cost
As at 1 January 2023 -
Additions 4,950
As at 31 December 2023 4,950
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 4,950
As at 1 January 2023 -
Subsidiaries
Details of the company's subsidiaries as at 31 December 2023 are as follows:
Name of undertaking Registered Office Class of shares held Direct holding Indirect holding
Arcus Underfloor Limited Orchard Works, Carterton Industrial Estate, Carterton OX18 3EZ Ordinary £1 shares 60.00% -
6. Stocks
2023 2022
£ £
Stock 792,074 643,636
Work in progress 100,884 129,043
892,958 772,679
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 488,847 298,682
Other debtors 171,151 120,942
659,998 419,624
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 87,907 80,681
Trade creditors 650,661 460,938
Bank loans and overdrafts - 74,197
Other creditors 228,217 225,133
Taxation and social security 243,516 170,498
1,210,301 1,011,447
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 100,818 58,404
Bank loans - 186,851
100,818 245,255
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 87,907 80,681
Later than one year and not later than five years 100,818 58,404
188,725 139,085
188,725 139,085
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 65,984 65,984
Additions 48,992 48,992
Balance at 31 December 2023 114,976 114,976
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12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,961 1,961
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 45,000 39,050
Later than one year and not later than five years 140,950 185,950
185,950 225,000
14. Post Balance Sheet Events
In January 2024, the Company acquired a majority stake in V4 Renewables Solutions Limited.
15. Related Party Disclosures
Alto Investment & Property LimitedCommon controlAlto Investment & Property Limited purchased the Orchard Works long leasehold from the Company on 7 April 2023 for £385,000. During the period the Company was charged rent of £39,250 by Alto Investment & Property Limited. Included in Trade creditors at the year end was £NIL. During the previous period the £41,000 loan lent to Alto Property & Investments was repaid in full.

Alto Investment & Property Limited

Common control

Alto Investment & Property Limited purchased the Orchard Works long leasehold from the Company on 7 April 2023 for £385,000. During the period the Company was charged rent of £39,250 by Alto Investment & Property Limited. Included in Trade creditors at the year end was £NIL. During the previous period the £41,000 loan lent to Alto Property & Investments was repaid in full.

Arcus Underfloor LimitedCommon controlDuring the year the Company lent £32,000 to Arcus Underfloor Limited. This had be repaid in full by the year end. During the year the Company made sales of £54,043 to Arcus Underfloor Limited. At the year end included in Trade debtors was £7,550. During the year the Company bought supplies of £133,978 from Arcus Underfloor Limited. At the year end, included in Trade creditors was £1,392.

Arcus Underfloor Limited

Common control

During the year the Company lent £32,000 to Arcus Underfloor Limited. This had be repaid in full by the year end. During the year the Company made sales of £54,043 to Arcus Underfloor Limited. At the year end included in Trade debtors was £7,550. During the year the Company bought supplies of £133,978 from Arcus Underfloor Limited. At the year end, included in Trade creditors was £1,392.

Agility Eco Service Limited15% shareholding in the CompanyDuring the year the Company made sales of £641,884 (2022: £284,108) to Agility Eco Services Ltd. At the year end included in Trade debtors was £28,183 (2022; £14,781). During the year the Company bought services of £25,750 (2022: £39,998) from Agility Eco Services Ltd. At the year end, included in Trade creditors was £5,037 (2022: £14,739).

Agility Eco Service Limited

15% shareholding in the Company

During the year the Company made sales of £641,884 (2022: £284,108) to Agility Eco Services Ltd. At the year end included in Trade debtors was £28,183 (2022; £14,781). During the year the Company bought services of £25,750 (2022: £39,998) from Agility Eco Services Ltd. At the year end, included in Trade creditors was £5,037 (2022: £14,739).

Bierce Surveying LtdA Company which is part of the group in which Agility Eco Services Ltd sits.During the year the Company bought services of £NIL (2022: £1,958) from Bierce Surverying Ltd. This was fully paid in the previous period.

Bierce Surveying Ltd

A Company which is part of the group in which Agility Eco Services Ltd sits.

During the year the Company bought services of £NIL (2022: £1,958) from Bierce Surverying Ltd. This was fully paid in the previous period.

Lowe & Oliver LimitedA Company in which one of Directors has an interest.The Company purchased goods from Lowe & Oliver Limited during the year of £47,514. At the year end in Trade creditors was £9,091.

Lowe & Oliver Limited

A Company in which one of Directors has an interest.

The Company purchased goods from Lowe & Oliver Limited during the year of £47,514. At the year end in Trade creditors was £9,091.

Mr R G LoweDirector and shareholderDuring the period the Company sold goods and services valued at £300 (2022: £5,660) to the Director. This was fully paid at the year end.

Mr R G Lowe

Director and shareholder

During the period the Company sold goods and services valued at £300 (2022: £5,660) to the Director. This was fully paid at the year end.

Mr S J GreeningDirector and shareholderDuring the period the Company sold goods valued at £5,000 to the Director. This was fully paid at the year end.

Mr S J Greening

Director and shareholder

During the period the Company sold goods valued at £5,000 to the Director. This was fully paid at the year end.

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16. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
17. Audit Information
The auditors report on the account of Alto Energy Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Mr K R Witchell (Senior Statutory Auditor) for and on behalf of KRW Accountants , Statutory Auditor
KRW Accountants
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS
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