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REGISTERED NUMBER: 02557886 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Alliance Carpet Mills Ltd

Alliance Carpet Mills Ltd (Registered number: 02557886)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alliance Carpet Mills Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr B D Lee
Mrs M J Lee
Mr C A Lang





REGISTERED OFFICE: Brook Lodge
Tynant Road
Creigiau
Cardiff
South Glamorgan
CF72 8FG





REGISTERED NUMBER: 02557886 (England and Wales)





ACCOUNTANTS: C Hergest Ltd
AAT Licensed Accountant
28 High Street
Aberdare
RCT
CF44 7AA

Alliance Carpet Mills Ltd (Registered number: 02557886)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 717,795 721,205
Investments 5 14,110 14,110
731,905 735,315

CURRENT ASSETS
Cash at bank 5,541 6,470

CREDITORS
Amounts falling due within one year 6 26,626 23,624
NET CURRENT LIABILITIES (21,085 ) (17,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,820

718,161

CREDITORS
Amounts falling due after more than one
year

7

3,820

6,760
NET ASSETS 707,000 711,401

CAPITAL AND RESERVES
Called up share capital 400 400
Revaluation reserve 8 38,801 38,801
Retained earnings 8 667,799 672,200
SHAREHOLDERS' FUNDS 707,000 711,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Alliance Carpet Mills Ltd (Registered number: 02557886)

Balance Sheet - continued
31 March 2024


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 18 September 2024 and were signed on its behalf by:





Mr B D Lee - Director


Alliance Carpet Mills Ltd (Registered number: 02557886)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Alliance Carpet Mills 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 778,363 24,453 4,570 807,386
DEPRECIATION
At 1 April 2023 68,022 13,954 4,205 86,181
Charge for year - 3,208 202 3,410
At 31 March 2024 68,022 17,162 4,407 89,591
NET BOOK VALUE
At 31 March 2024 710,341 7,291 163 717,795
At 31 March 2023 710,341 10,499 365 721,205

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 14,110
NET BOOK VALUE
At 31 March 2024 14,110
At 31 March 2023 14,110

Alliance Carpet Mills Ltd (Registered number: 02557886)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,180 3,240
Tax 4,765 3,768
Social security and other taxes - 582
VAT 4,808 5,136
Alliance Carpets Ltd 3,033 3,020
Directors' current accounts 7,754 5,828
Accrued expenses 3,086 2,050
26,626 23,624

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loan 3,820 6,760

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 672,200 38,801 711,001
Profit for the year 15,599 15,599
Dividends (20,000 ) (20,000 )
At 31 March 2024 667,799 38,801 706,600