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REGISTERED NUMBER: 07176242 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 December 2023

for

Alexander Ward Ltd

Alexander Ward Ltd (Registered number: 07176242)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Alexander Ward Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr K M Din
Mrs N Khan





REGISTERED OFFICE: 3 Raven Road
South Woodford
London
E18 1HB





REGISTERED NUMBER: 07176242 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Alexander Ward Ltd (Registered number: 07176242)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,695 43,029
Tangible assets 5 4,173,825 3,486,376
4,204,520 3,529,405

CURRENT ASSETS
Debtors 6 1,683,160 1,354,610
Cash at bank 172,335 132,387
1,855,495 1,486,997
CREDITORS
Amounts falling due within one year 7 1,029,966 1,284,243
NET CURRENT ASSETS 825,529 202,754
TOTAL ASSETS LESS CURRENT LIABILITIES 5,030,049 3,732,159

CREDITORS
Amounts falling due after more than one
year

8

(947,108

)

(643,557

)

PROVISIONS FOR LIABILITIES (606,574 ) (606,574 )
NET ASSETS 3,476,367 2,482,028

CAPITAL AND RESERVES
Called up share capital 600 600
Revaluation reserve 35,896 35,896
Retained earnings 3,439,871 2,445,532
SHAREHOLDERS' FUNDS 3,476,367 2,482,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Alexander Ward Ltd (Registered number: 07176242)

Balance Sheet - continued
31 December 2023


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 25 September 2024 and were signed on its behalf by:





Mr K M Din - Director


Alexander Ward Ltd (Registered number: 07176242)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Alexander Ward Ltd 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 as modified by the revaluation of certain assets.

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

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Alexander Ward Ltd (Registered number: 07176242)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 51 (2022 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023 92,042
Additions 29,154
At 31 December 2023 121,196
AMORTISATION
At 1 January 2023 49,013
Amortisation for year 41,488
At 31 December 2023 90,501
NET BOOK VALUE
At 31 December 2023 30,695
At 31 December 2022 43,029

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2023 228,000 4,885,794 124,391
Additions - 785,853 126,850
At 31 December 2023 228,000 5,671,647 251,241
DEPRECIATION
At 1 January 2023 - 1,778,075 44,515
Charge for year - 389,357 20,193
At 31 December 2023 - 2,167,432 64,708
NET BOOK VALUE
At 31 December 2023 228,000 3,504,215 186,533
At 31 December 2022 228,000 3,107,719 79,876

Alexander Ward Ltd (Registered number: 07176242)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 99,488 148,408 5,486,081
Additions 269,322 - 1,182,025
At 31 December 2023 368,810 148,408 6,668,106
DEPRECIATION
At 1 January 2023 60,568 116,547 1,999,705
Charge for year 77,061 7,965 494,576
At 31 December 2023 137,629 124,512 2,494,281
NET BOOK VALUE
At 31 December 2023 231,181 23,896 4,173,825
At 31 December 2022 38,920 31,861 3,486,376

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2023 228,000 5,671,647 251,241

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 368,810 148,408 6,668,106

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 716,521 543,061
Other debtors 966,639 811,549
1,683,160 1,354,610

Alexander Ward Ltd (Registered number: 07176242)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 311,434 348,962
Trade creditors 212,884 408,358
Taxation and social security 413,942 415,457
Other creditors 91,706 111,466
1,029,966 1,284,243

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 540,627 643,557
Hire purchase contracts 406,481 -
947,108 643,557

9. RELATED PARTY DISCLOSURES

Mr K Din is considered to be key management personnel.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Alexander Ward Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alexander Ward Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Alexander Ward Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alexander Ward Ltd and state those matters that we have agreed to state to the Board of Directors of Alexander Ward Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alexander Ward Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alexander Ward Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alexander Ward Ltd. You consider that Alexander Ward Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alexander Ward Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................