2023-01-01 2023-12-31 false Capium Accounts Production 1.1 13662682 bus:FullAccounts 2023-01-01 2023-12-31 13662682 bus:FRS102 2023-01-01 2023-12-31 13662682 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13662682 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13662682 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13662682 2023-01-01 2023-12-31 13662682 2023-12-31 13662682 bus:RegisteredOffice 2023-01-01 2023-12-31 13662682 core:WithinOneYear 2023-12-31 13662682 core:AfterOneYear 2023-12-31 13662682 bus:Director1 2023-01-01 2023-12-31 13662682 bus:Director1 2023-12-31 13662682 bus:Director1 2021-10-05 2022-12-31 13662682 bus:Director2 2023-01-01 2023-12-31 13662682 bus:Director2 2023-12-31 13662682 bus:Director2 2021-10-05 2022-12-31 13662682 bus:Director3 2023-01-01 2023-12-31 13662682 bus:Director3 2023-12-31 13662682 bus:Director3 2021-10-05 2022-12-31 13662682 2021-10-05 13662682 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 13662682 2021-10-05 2022-12-31 13662682 2022-12-31 13662682 core:WithinOneYear 2022-12-31 13662682 core:AfterOneYear 2022-12-31 13662682 bus:EntityAccountantsOrAuditors 2021-10-05 2022-12-31 13662682 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13662682 bus:OrdinaryShareClass1 2023-12-31 13662682 bus:OrdinaryShareClass1 2021-10-05 2022-12-31 13662682 bus:OrdinaryShareClass1 2022-12-31 13662682 core:PlantMachinery 2023-01-01 2023-12-31 13662682 core:PlantMachinery 2023-12-31 13662682 core:PlantMachinery 2022-12-31 13662682 core:MotorCars 2023-01-01 2023-12-31 13662682 core:MotorCars 2023-12-31 13662682 core:MotorCars 2022-12-31 13662682 core:FurnitureFittings 2023-01-01 2023-12-31 13662682 core:FurnitureFittings 2023-12-31 13662682 core:FurnitureFittings 2022-12-31 13662682 core:ComputerEquipment 2023-01-01 2023-12-31 13662682 core:ComputerEquipment 2023-12-31 13662682 core:ComputerEquipment 2022-12-31 13662682 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 13662682 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 13662682 core:NetGoodwill 2023-01-01 2023-12-31 13662682 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 13662682 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 13662682 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 13662682 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 13662682 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 13662682 core:Non-currentFinancialInstruments 2023-12-31 13662682 core:Non-currentFinancialInstruments 2022-12-31 13662682 core:ShareCapital 2023-12-31 13662682 core:ShareCapital 2022-12-31 13662682 core:RetainedEarningsAccumulatedLosses 2023-12-31 13662682 core:RetainedEarningsAccumulatedLosses 2022-12-31 13662682 dpl:Item1 2023-01-01 13662682 dpl:Item1 2023-12-31 13662682 dpl:Item1 2021-10-05 13662682 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 13662682
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

ALLIANCE TOOL HIRE (SOUTH WEST) LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 558,009    320,927 
Investments 5 593,212   
1,151,221    320,927 
Current assets      
Stocks 6 14,065    8,919 
Debtors 7 409,132    87,585 
Cash at bank and in hand 35,370    63,341 
458,567    159,845 
Creditors: amount falling due within one year 8 (220,452)   (78,178)
Net current assets 238,115    81,667 
 
Total assets less current liabilities 1,389,336    402,594 
Creditors: amount falling due after more than one year 9 (1,582,718)   (613,152)
Net assets (193,382)   (210,558)
 

Capital and reserves
     
Called up share capital 10 300    300 
Profit and loss account (193,682)   (210,858)
Shareholders' funds (193,382)   (210,558)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 September 2024 and were signed on its behalf by:


-------------------------------
J Laycock
Director
1
General Information
Alliance Tool Hire (South West) Ltd is a private company, limited by shares, registered in England and Wales, registration number 13662682, registration address 7 Curlew Park , Threemilestone, Truro, Cornwall, TR4 9LE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and turning profitable, and that it is well placed to manage its business risks successfully. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and will continue to support as required.  Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, 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 15% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Improvements to property 5 years Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 8 (2022 : 5).
3.

Financial Commitments, Guarantees and Contingencies

During 2022 the company entered into a £35,000pa, 10 year rental lease, with a break clause at 5 years.

4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £   £
At 01 January 2023 304,170    9,200    5,247    6,920    35,863    361,400 
Additions 332,286      470      708    333,464 
Disposals (11,519)           (11,519)
At 31 December 2023 624,937    9,200    5,717    6,920    36,571    683,345 
Depreciation
At 01 January 2023 28,919    2,300    1,093    1,586    6,575    40,473 
Charge for year 73,896    2,300    1,381    1,730    7,232    86,539 
On disposals (1,676)           (1,676)
At 31 December 2023 101,139    4,600    2,474    3,316    13,807    125,336 
Net book values
Closing balance as at 31 December 2023 523,798    4,600    3,243    3,604    22,764    558,009 
Opening balance as at 01 January 2023 275,251    6,900    4,154    5,334    29,288    320,927 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2023  
Additions 593,212    593,212 
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 593,212    593,212 

6.

Stocks

2023
£
  2022
£
Stocks 14,065    8,919 
14,065    8,919 

7.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 191,366    64,622 
Provision for Doubtful Debts (31,809)  
Amount Owed by Group Undertakings 231,637   
Prepayments & Accrued Income 17,938    15,354 
VAT   7,609 
409,132    87,585 

8.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 131,984    55,642 
PAYE & Social Security 6,693    4,275 
Accruals 33,011    8,106 
Pension Control 1,040    681 
Obligations under HP/Financial Leases 21,143    9,474 
VAT 26,581   
220,452    78,178 

9.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Obligations Under HP/Financial Leases 53,018    23,452 
Directors' Loan Accounts 1,529,700    589,700 
1,582,718    613,152 

10.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
300 ordinary shares of £1.00 each 300    300 
300    300 

11.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Alliance Tool Hire Ltd75,320 30,782 18,980 18,494 
Euro Tool Hire & Sales (South West) Ltd231,637 

Alliance Tool Hire Ltd is 66.67% owned by Mr J Laycock and Mr C Skinner, together own 66.67% of Alliance Tool Hire (South West) Ltd. Alliance Tool Hire Ltd is an acting guarantor against the lease of the company's Truro premises.
On 2 October 2023 the company purchased 100% shareholding of Euro Tool Hire & Sales (South West) Ltd. During the initial months the company loaned the company funds to support the transition. This loan doesn't have any fixed terms.
12.

Director’s loan

Start up advances

The directors (who are also the majority shareholder) has made a loan to the company. The loan has no formal terms attached to these loans.

As at the year end the company owed the directors £1,529,700 ( 2022 - £589,700), this loan was used in part to fund the share acquisition of Euro Tool Hire and Sales (South West) Ltd.
2