Company registration number 02625304 (England and Wales)
ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER LIMITED)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER LIMITED)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER LIMITED)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
59,019
49,572
Current assets
Debtors
4
3,220,268
3,096,195
Cash at bank and in hand
2,256
112,479
3,222,524
3,208,674
Creditors: amounts falling due within one year
5
(680,062)
(1,039,856)
Net current assets
2,542,462
2,168,818
Total assets less current liabilities
2,601,481
2,218,390
Provisions for liabilities
(858)
(4,156)
Net assets
2,600,623
2,214,234
Capital and reserves
Called up share capital
8
407,000
407,000
Profit and loss reserves
2,193,623
1,807,234
Total equity
2,600,623
2,214,234

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 Hollington
Director
Company Registration No. 02625304
ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

ALS Customs Services Limited (formerly ALS Customs Services Dover 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
Going concern

At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.true

1.3
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:

 

1.4
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:

Leasehold improvements
10 years
Equipment
3 - 20 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.6
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.

1.7
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.

1.8
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 LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER 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.

1.9
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.

1.10
Retirement benefits

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

1.11
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.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 30 (2022: 34).

ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
3
Tangible fixed assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 January 2023
8,439
68,658
77,097
Additions
5,432
22,789
28,221
Disposals
-
0
(5,729)
(5,729)
At 31 December 2023
13,871
85,718
99,589
Depreciation and impairment
At 1 January 2023
1,434
26,091
27,525
Depreciation charged in the year
1,841
15,160
17,001
Eliminated in respect of disposals
-
0
(3,956)
(3,956)
At 31 December 2023
3,275
37,295
40,570
Carrying amount
At 31 December 2023
10,596
48,423
59,019
At 31 December 2022
7,005
42,567
49,572
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
461,301
429,488
Amounts owed by group undertakings
2,714,260
2,652,567
Other debtors
44,707
14,140
3,220,268
3,096,195
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
50,177
17,437
Amounts owed to group undertakings
60,196
249,648
Corporation tax
68,394
60,027
Other taxation and social security
235,601
335,788
Other creditors
265,694
376,956
680,062
1,039,856
ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER 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:

Liabilities
Liabilities
2023
2022
Balances:
£
£
Accelerated capital allowances
12,912
10,890
Short term timing differences
(12,054)
(6,734)
858
4,156
2023
Movements in the year:
£
Liability at 1 January 2023
4,156
Credit to profit or loss
(3,298)
Liability at 31 December 2023
858

The deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

7
Retirement benefit schemes
2023
2022
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
24,347
27,718

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
407,000
407,000
407,000
407,000
ALS CUSTOMS SERVICES LIMITED (FORMERLY ALS CUSTOMS SERVICES DOVER LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
9
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.

The senior statutory auditor was Graham Rigby and the auditor was Azets Audit Services.
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
117,863
148,209
11
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
£
£
£
£
ALS Douane S.A.S.
15,767
4,876
5,693
1,375
ALS Holding GmbH
-
-
19,294
-
Rhenus Logistics Limited
869
214,261
-
15,497
Rhenus SE & Co. KG
1,915,882
1,480,938
-
72,255
12
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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