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Registered number: 12642458
AluHome Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Brooks & Partners Accountants Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 12642458
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,930 12,801
8,930 12,801
CURRENT ASSETS
Stocks 5 404,584 231,691
Debtors 6 33,595 77,962
Cash at bank and in hand 31,247 33,010
469,426 342,663
Creditors: Amounts Falling Due Within One Year 7 (477,249 ) (355,244 )
NET CURRENT ASSETS (LIABILITIES) (7,823 ) (12,581 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,107 220
NET ASSETS 1,107 220
CAPITAL AND RESERVES
Called up share capital 8 300 125
Income Statement 807 95
SHAREHOLDERS' FUNDS 1,107 220
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
T Armitage
Director
26 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AluHome Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12642458 . The registered office is Gooches Court, Stamford, PE9 2RE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually in line with the completion of the installation.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 10)
9 10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 11,207 14,251 25,458
Additions 2,657 - 2,657
As at 31 December 2023 13,864 14,251 28,115
Depreciation
As at 1 January 2023 4,058 8,599 12,657
Provided during the period 2,965 3,563 6,528
As at 31 December 2023 7,023 12,162 19,185
Net Book Value
As at 31 December 2023 6,841 2,089 8,930
As at 1 January 2023 7,149 5,652 12,801
5. Stocks
31 December 2023 31 December 2022
£ £
Stock - 7,798
Work in progress 404,584 223,893
404,584 231,691
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6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 7,811 -
Prepayments and accrued income 4,513 4,821
Other debtors 600 -
Director's loan account - 62,556
Amounts owed by other participating interests 20,671 10,585
33,595 77,962
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 368,235 290,534
Corporation tax 44,503 27,798
Other taxes and social security 11,522 6,015
VAT 24,179 680
Net wages 16,389 19,144
Other creditors 9,137 9,423
Accruals and deferred income 3,228 1,650
Director's loan account 56 -
477,249 355,244
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 300 125
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
£ £
Not later than one year 16,300 22,915
16,300 22,915
10. Dividends
31 December 2023 31 December 2022
£ £
On equity shares:
Interim dividend paid 40,000 10,000
Final dividend paid 94,500 87,500
134,500 97,500
11. Related Party Transactions
At the year end the company was owed £19,846 (2022: £10,000) from a company under common control.
The loan is unsecured, interest free and repayable on demand.
At the year end the company was owed £825 (2022: £585) from a company under common control.
The loan is unsecured, interest free and repayable on demand.
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