Company registration number 02450325 (England and Wales)
ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,516
17,099
Current assets
Debtors
4
3,212,992
2,456,255
Cash at bank and in hand
500
250,000
3,213,492
2,706,255
Creditors: amounts falling due within one year
5
(1,753,246)
(2,067,708)
Net current assets
1,460,246
638,547
Net assets
1,469,762
655,646
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
1,469,761
655,645
Total equity
1,469,762
655,646

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 July 2024 and are signed on its behalf by:
G A Hollington
Director
Company Registration No. 02450325
ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

ALS Customs Services & Solutions Limited (formerly ALS Customs Services Limited) is a private company limited by shares incorporated in England and Wales. The registered office is Liverpool Road, Eccles, Manchester, United Kingdom, M30 7RF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 years
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees
2023
2022
Number
Number
Total
35
30
ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
3
Tangible fixed assets
Computers
£
Cost
At 1 January 2023
39,791
Additions
6,574
Disposals
(9,638)
At 31 December 2023
36,727
Depreciation and impairment
At 1 January 2023
22,692
Depreciation charged in the year
13,802
Eliminated in respect of disposals
(9,283)
At 31 December 2023
27,211
Carrying amount
At 31 December 2023
9,516
At 31 December 2022
17,099
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
205,928
241,486
Corporation tax recoverable
141,516
-
0
Amounts owed by group undertakings
2,798,251
2,013,743
Other debtors
47,511
187,295
Prepayments and accrued income
17,382
10,750
3,210,588
2,453,274
Deferred tax asset (note 6)
2,404
2,981
3,212,992
2,456,255
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
6,123
2,958
Amounts owed to group undertakings
1,023,757
1,001,859
Corporation tax
-
0
162,646
Other creditors
723,366
900,245
1,753,246
2,067,708
ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
6
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Assets
Assets
2023
2022
Balances:
£
£
Accelerated capital allowances
(1,013)
(3,952)
Short term timing differences
3,417
6,933
2,404
2,981
2023
Movements in the year:
£
Asset at 1 January 2023
(2,981)
Charge to profit or loss
577
Asset at 31 December 2023
(2,404)
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Graham Rigby
Statutory Auditor:
Azets Audit Services
ALS CUSTOMS SERVICES & SOLUTIONS LIMITED (FORMERLY ALS CUSTOMS SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
9
Related party transactions
Balances with related parties

The company has taken advantage of the exemption for the Financial Reporting Standard 102 Section 33 "Related party disclosures" and has not disclosed transactions with group and other related parties in the year which have been conducted on standard commercial terms.

 

Year end balances with group undertakings have been aggregated and disclosed in notes 4 & 5.

 

The following material amounts due from/to companies outside the group headed by ALS Customs UK Limited, in respect of which consolidated accounts are available, were outstanding at the reporting date:

 

Amounts owed by
Amounts owed to
related parties
related parties
2023
2022
2023
2022
£
£
£
£
Rhenus Logistics Limited
77,675
235,775
-
0
-
0
Rhenus SE & Co. KG
2,502,069
1,472,440
-
0
-
0
10
Parent company

The immediate parent company is ALS Customs UK Limited, a company registered in England and Wales.

 

The ultimate parent company is Rhenus SE & Co. KG, a company registered in Germany.

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