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REGISTERED NUMBER: 08245771 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Ali Brothers Limited

Ali Brothers Limited (Registered number: 08245771)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ali Brothers Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: W Ali
A Ali





SECRETARY:





REGISTERED OFFICE: Unit 7 Oughton Road
Highgate
Birmingham
West Midlands
B12 0DF





REGISTERED NUMBER: 08245771 (England and Wales)





ACCOUNTANTS: M.F Khan & Co
375 Coventry Road
Smal Heath
Birmingham
West Midlands
B10 0SW

Ali Brothers Limited (Registered number: 08245771)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,200 4,400
Tangible assets 5 71,643 75,988
73,843 80,388

CURRENT ASSETS
Stocks 152,963 155,245
Debtors 6 1,382,133 826,349
Cash at bank and in hand 699,424 358,999
2,234,520 1,340,593
CREDITORS
Amounts falling due within one year 7 1,288,298 681,760
NET CURRENT ASSETS 946,222 658,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,065

739,221

PROVISIONS FOR LIABILITIES 16,745 11,979
NET ASSETS 1,003,320 727,242

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 1,003,314 727,236
SHAREHOLDERS' FUNDS 1,003,320 727,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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 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.

Ali Brothers Limited (Registered number: 08245771)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





A Ali - Director


Ali Brothers Limited (Registered number: 08245771)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ali Brothers 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

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 etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Ali Brothers Limited (Registered number: 08245771)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 22,000
AMORTISATION
At 1 May 2023 17,600
Charge for year 2,200
At 30 April 2024 19,800
NET BOOK VALUE
At 30 April 2024 2,200
At 30 April 2023 4,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 279,736
Additions 25,800
Disposals (19,700 )
At 30 April 2024 285,836
DEPRECIATION
At 1 May 2023 203,748
Charge for year 23,883
Eliminated on disposal (13,438 )
At 30 April 2024 214,193
NET BOOK VALUE
At 30 April 2024 71,643
At 30 April 2023 75,988

Ali Brothers Limited (Registered number: 08245771)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 876,885 690,872
Other debtors 505,248 135,477
1,382,133 826,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 891,713 522,194
Taxation and social security 189,578 139,344
Other creditors 207,007 20,222
1,288,298 681,760

8. RELATED PARTY DISCLOSURES

The business operates from premises owned by three brothers Mr. W. Ali, Mr. A. Ali and Mr. S. Ali of which Mr. W. Ali and Mr A. Ali are directors of the company. Rent amounting to £28,800 ((2023:£28,800) was paid to them by the company during the year. The transaction is an arms length transaction.