Alzin Engineering Limited 01131977 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of a foundry. Digita Accounts Production Advanced 6.30.9574.0 true 01131977 2023-05-01 2024-04-30 01131977 2024-04-30 01131977 core:OtherMiscellaneousReserve 2024-04-30 01131977 core:OtherReservesSubtotal 2024-04-30 01131977 core:RetainedEarningsAccumulatedLosses 2024-04-30 01131977 core:RevaluationReserve 2024-04-30 01131977 core:ShareCapital 2024-04-30 01131977 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 01131977 core:FurnitureFittingsToolsEquipment 2024-04-30 01131977 core:LandBuildings 2024-04-30 01131977 core:OtherPropertyPlantEquipment 2024-04-30 01131977 bus:SmallEntities 2023-05-01 2024-04-30 01131977 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01131977 bus:FilletedAccounts 2023-05-01 2024-04-30 01131977 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01131977 bus:RegisteredOffice 2023-05-01 2024-04-30 01131977 bus:Director2 2023-05-01 2024-04-30 01131977 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01131977 core:OtherMiscellaneousReserve 2023-05-01 2024-04-30 01131977 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 01131977 core:RevaluationReserve 2023-05-01 2024-04-30 01131977 core:ShareCapital 2023-05-01 2024-04-30 01131977 core:Buildings 2023-05-01 2024-04-30 01131977 core:ComputerEquipment 2023-05-01 2024-04-30 01131977 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 01131977 core:LandBuildings 2023-05-01 2024-04-30 01131977 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 01131977 core:PlantMachinery 2023-05-01 2024-04-30 01131977 countries:England 2023-05-01 2024-04-30 01131977 2023-04-30 01131977 core:FurnitureFittingsToolsEquipment 2023-04-30 01131977 core:LandBuildings 2023-04-30 01131977 core:OtherPropertyPlantEquipment 2023-04-30 01131977 2022-05-01 2023-04-30 01131977 2023-04-30 01131977 core:OtherMiscellaneousReserve 2023-04-30 01131977 core:OtherReservesSubtotal 2023-04-30 01131977 core:RetainedEarningsAccumulatedLosses 2023-04-30 01131977 core:RevaluationReserve 2023-04-30 01131977 core:ShareCapital 2023-04-30 01131977 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 01131977 core:FurnitureFittingsToolsEquipment 2023-04-30 01131977 core:LandBuildings 2023-04-30 01131977 core:OtherPropertyPlantEquipment 2023-04-30 01131977 core:OtherMiscellaneousReserve 2022-05-01 2023-04-30 01131977 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 01131977 core:RevaluationReserve 2022-05-01 2023-04-30 01131977 core:ShareCapital 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 01131977

Alzin Engineering Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Alzin Engineering Limited

Contents

Balance Sheet

1 to 2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 9

 

Alzin Engineering Limited

Balance Sheet

as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

169,849

181,156

Current assets

 

Stocks

58,500

58,500

Other financial assets

5

144,303

139,294

Debtors

6

258,558

186,212

Cash at bank and in hand

 

304,383

307,258

 

765,744

691,264

Creditors: Amounts falling due within one year

7

(194,252)

(172,303)

Net current assets

 

571,492

518,961

Total assets less current liabilities

 

741,341

700,117

Provisions for liabilities

(32,199)

(35,158)

Net assets

 

709,142

664,959

Capital and reserves

 

Allotted, called up and fully paid share capital

134

134

Revaluation reserve

9,140

9,520

Other reserves

41,114

38,497

Profit and loss account

658,754

616,808

Shareholders' funds

 

709,142

664,959

Registration number: 01131977

 

Alzin Engineering Limited

Balance Sheet

as at 30 April 2024 (continued)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

.........................................
Mr G Wormald
Director

 

Alzin Engineering Limited

Statement of Changes in Equity

for the Year Ended 30 April 2024

Share capital
£

Revaluation reserve
£

Non- distributable reserve
£

Profit and loss account
£

Total
£

At 1 May 2023

134

9,520

38,497

616,808

664,959

Profit for the year

-

-

-

130,237

130,237

Other comprehensive income

-

-

2,617

(2,617)

-

Total comprehensive income

-

-

2,617

127,620

130,237

Dividends

-

-

-

(86,054)

(86,054)

Transfers

-

(380)

-

380

-

 

-

(380)

2,617

41,946

44,183

At 30 April 2024

134

9,140

41,114

658,754

709,142

Share capital
£

Revaluation reserve
£

Non- distributable reserve
£

Profit and loss account
£

Total
£

At 1 May 2022

134

9,900

46,145

518,971

575,150

Profit for the year

-

-

-

168,268

168,268

Other comprehensive income

-

-

(7,648)

7,648

-

Total comprehensive income

-

-

(7,648)

175,916

168,268

Dividends

-

-

-

(78,459)

(78,459)

Transfers

-

(380)

-

380

-

 

-

(380)

(7,648)

97,837

89,809

At 30 April 2023

134

9,520

38,497

616,808

664,959

 

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 01131977.

The address of its registered office is:
Century Works
Briggate
Elland
West Yorkshire
HX5 9HG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

 

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

2% per annum on a straight line basis

Leasehold property

Straight line over the life of the lease

Plant and machinery

15% per annum on a reducing balance basis

Fixtures, fittings and equipment

15% per annum on a reducing balance basis

Computer equipment

33 1/3% per annum on a straight line basis

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if their fair value can be measured reliably.

 

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 13 (2023 - 12).

 

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024 (continued)

4

Tangible assets

Land and buildings
£

Fixtures, fittings and equipment
 £

Plant and machinery
 £

Total
£

Cost

At 1 May 2023

83,437

28,463

677,342

789,242

Additions

-

7,807

7,420

15,227

Disposals

-

(2,154)

-

(2,154)

At 30 April 2024

83,437

34,116

684,762

802,315

Depreciation

At 1 May 2023

54,252

23,483

530,351

608,086

Charge for the year

1,669

2,037

22,828

26,534

Eliminated on disposal

-

(2,154)

-

(2,154)

At 30 April 2024

55,921

23,366

553,179

632,466

Net book value

At 30 April 2024

27,516

10,750

131,583

169,849

At 30 April 2023

29,185

4,980

146,991

181,156

 

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024 (continued)

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 May 2023

139,294

139,294

Fair value adjustments

2,617

2,617

Additions

1,326

1,326

Disposals

1,066

1,066

At 30 April 2024

144,303

144,303

6

Debtors

Current

2024
£

2023
£

Trade debtors

209,745

127,116

Prepayments

47,194

58,183

Other debtors

1,619

913

 

258,558

186,212

 

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2024 (continued)

7

Creditors

2024
£

2023
£

Due within one year

Trade creditors

43,222

14,705

Taxation and social security

14,837

23,872

Corporation tax liability

43,093

49,545

Accruals and deferred income

41,542

32,428

Other creditors

304

272

Directors' loan accounts

51,254

51,481

194,252

172,303

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £962 (2023 - £1,301).