2023-05-01 10442740 2024-04-30 10442740 2023-05-01 2024-04-30 10442740 2023-04-30 10442740 2022-05-01 2023-04-30 10442740 uk-core:WithinOneYear 2023-04-30 10442740 uk-core:WithinOneYear 2024-04-30 10442740 uk-core:AfterOneYear 2023-04-30 10442740 uk-core:AfterOneYear 2024-04-30 10442740 uk-core:ShareCapital 2024-04-30 10442740 uk-core:ShareCapital 2023-04-30 10442740 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 10442740 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 10442740 uk-bus:Director1 2023-05-01 2024-04-30 10442740 uk-core:PlantMachinery 2023-05-01 2024-04-30 10442740 uk-core:ComputerEquipment 2023-05-01 2024-04-30 10442740 uk-core:MotorVehicles 2023-05-01 2024-04-30 10442740 uk-core:FurnitureFittings 2023-05-01 2024-04-30 10442740 uk-core:AfterOneYear uk-core:Secured 2024-04-30 10442740 uk-core:AfterOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure 10442740 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10442740 uk-bus:FRS102 2023-05-01 2024-04-30 10442740 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 10442740 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Allied Mastclimbers & Hoists Ltd
Registered Number:10442740
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Allied Mastclimbers & Hoists Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10442740
As at 30 April 2024
Allied Mastclimbers & Hoists Ltd
Abridged Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
29,770
36,484
29,770
36,484
Current assets
Inventories
101,945
45,155
2
Trade and other receivables
494,199
643,810
28
Cash and cash equivalents
12
688,977
596,172
Trade and other payables: amounts falling due within one year
(1,016,424)
(1,248,873)
(420,252)
(559,896)
Net current liabilities
Total assets less current liabilities
(530,126)
(383,768)
Trade and other payables: amounts falling due after more than one year
(23,237)
(13,266)
3
(543,392)
Net liabilities
(407,005)
Capital and reserves
Called up share capital
100
100
Retained earnings
(543,492)
(407,105)
(543,392)
(407,005)
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444 (2A) of the Companies Act 2006.
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.
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4
Registered Number :
10442740
For the year ended 30 April 2024
Allied Mastclimbers & Hoists Ltd
Abridged Statement of Financial Position Continued
Mr J R Bracken Director
These financial statements were approved and authorised for issue by the Board on 27 August 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 April 2024
Allied Mastclimbers & Hoists Ltd
Notes to the Financial Statements
Statutory Information
Allied Mastclimbers & Hoists Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10442740.
Registered address:
Chamber Business Centre
Chamber Road
OLDHAM
OL8 4QQ
The presentation currency is £ sterling.
1. Accounting policies
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.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable
amount, to provide for any further liabilities that may arise and to reclassify fixed assets and long-term liabilities as current liabilities.
The financial position of the company is supported by Allied Developments (M/CR) Limited, the parent company. The directors have
indicated that they have no wish to withdraw this support for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
10% Straight line
15% Straight line
Computer Equipment
25% Straight line
Motor Vehicles
15% Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
2. Inventories
2023
2024
£
£
Stocks
45,155
101,945
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6
For the year ended 30 April 2024
Allied Mastclimbers & Hoists Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
13,266
23,237
4. Related party transactions
Included within creditors is a balance of £596,534 (2023: £80,121) due to Allied Developments (M/CR) Limited, which is the parent
company, by virtue of holding 100% of the share capital.
Included within creditors is a balance of £50,679 (2023: £30,522) due to Allied Scaffolding Limited, which is 100% subsidiary of Allied
Developments (M/CR) Limited.
5. Average number of persons employed
During the year the average number of employees was 10 (2023 : 16)
6. Parent-subsidiary relationship
The company is a wholly owned subsidiary of Allied Developments (M/CR) Ltd whose registered address is: Chambers Business Centre, Chamber Road, Oldham, OL8 4QQ
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