Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05396202 Mr Lee Tate Miss Kelly Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05396202 2023-03-31 05396202 2024-03-31 05396202 2023-04-01 2024-03-31 05396202 frs-core:CurrentFinancialInstruments 2024-03-31 05396202 frs-core:Non-currentFinancialInstruments 2024-03-31 05396202 frs-core:ComputerEquipment 2024-03-31 05396202 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05396202 frs-core:ComputerEquipment 2023-03-31 05396202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 05396202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05396202 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 05396202 frs-core:MotorVehicles 2024-03-31 05396202 frs-core:MotorVehicles 2023-04-01 2024-03-31 05396202 frs-core:MotorVehicles 2023-03-31 05396202 frs-core:PlantMachinery 2024-03-31 05396202 frs-core:PlantMachinery 2023-04-01 2024-03-31 05396202 frs-core:PlantMachinery 2023-03-31 05396202 frs-core:ShareCapital 2024-03-31 05396202 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05396202 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05396202 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05396202 frs-bus:SmallEntities 2023-04-01 2024-03-31 05396202 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05396202 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05396202 frs-bus:Director1 2023-04-01 2024-03-31 05396202 frs-bus:Director2 2023-04-01 2024-03-31 05396202 frs-countries:EnglandWales 2023-04-01 2024-03-31 05396202 2022-03-31 05396202 2023-03-31 05396202 2022-04-01 2023-03-31 05396202 frs-core:CurrentFinancialInstruments 2023-03-31 05396202 frs-core:Non-currentFinancialInstruments 2023-03-31 05396202 frs-core:ShareCapital 2023-03-31 05396202 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05396202
A1 Alloys Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Arque Consulting
Addington Business Centre, 24 Vulcan Way
New Addington
Surrey
CR0 9UG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05396202
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 299,263 311,113
299,263 311,113
CURRENT ASSETS
Debtors 5 182,003 97,444
Cash at bank and in hand 34,094 9,500
216,097 106,944
Creditors: Amounts Falling Due Within One Year 6 (198,826 ) (173,808 )
NET CURRENT ASSETS (LIABILITIES) 17,271 (66,864 )
TOTAL ASSETS LESS CURRENT LIABILITIES 316,534 244,249
Creditors: Amounts Falling Due After More Than One Year 7 (8,523 ) (19,928 )
NET ASSETS 308,011 224,321
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 308,009 224,319
SHAREHOLDERS' FUNDS 308,011 224,321
Page 1
Page 2
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 Lee Tate
Director
2nd July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A1 Alloys Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05396202 . The registered office is Addington Business Centre, 24 Vulcan Way, New Addington, Surrey, CR0 9UG.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, with the continued support of the company's directors.
2.3. 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.
2.4. 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 The director feels none should be applied
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 33.33 Straight line
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 7)
8 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 230,605 124,675 54,995 7,660 417,935
Additions - 8,400 - - 8,400
As at 31 March 2024 230,605 133,075 54,995 7,660 426,335
Depreciation
As at 1 April 2023 - 78,662 21,247 6,913 106,822
Provided during the period - 11,069 8,436 745 20,250
As at 31 March 2024 - 89,731 29,683 7,658 127,072
Net Book Value
As at 31 March 2024 230,605 43,344 25,312 2 299,263
As at 1 April 2023 230,605 46,013 33,748 747 311,113
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,503 29,944
Prepayments and accrued income 162,500 67,500
182,003 97,444
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,363 10,964
Bank loans and overdrafts 9,600 9,344
Corporation tax 28,626 10,533
Other taxes and social security 17,955 1,504
VAT 23,496 21,618
Accruals and deferred income 71,775 56,950
Directors' loan accounts 43,011 62,895
198,826 173,808
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,523 19,928
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5