11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,556 2,515 307 2,822 1,734 2,041 xbrli:pure xbrli:shares iso4217:GBP 06211723 2023-07-01 2024-06-30 06211723 2024-06-30 06211723 2023-06-30 06211723 2022-07-01 2023-06-30 06211723 2023-06-30 06211723 2022-06-30 06211723 core:FurnitureFittings 2023-07-01 2024-06-30 06211723 core:MotorVehicles 2023-07-01 2024-06-30 06211723 bus:Director3 2023-07-01 2024-06-30 06211723 bus:Director2 2023-07-01 2024-06-30 06211723 core:FurnitureFittings 2023-06-30 06211723 core:MotorVehicles 2023-06-30 06211723 core:FurnitureFittings 2024-06-30 06211723 core:MotorVehicles 2024-06-30 06211723 core:WithinOneYear 2024-06-30 06211723 core:WithinOneYear 2023-06-30 06211723 core:AfterOneYear 2024-06-30 06211723 core:AfterOneYear 2023-06-30 06211723 core:ShareCapital 2024-06-30 06211723 core:ShareCapital 2023-06-30 06211723 core:RetainedEarningsAccumulatedLosses 2024-06-30 06211723 core:RetainedEarningsAccumulatedLosses 2023-06-30 06211723 core:BetweenOneFiveYears 2023-06-30 06211723 core:FurnitureFittings 2023-06-30 06211723 core:MotorVehicles 2023-06-30 06211723 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-06-30 06211723 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-06-30 06211723 bus:Director2 2022-06-30 06211723 bus:Director2 2022-07-01 2023-06-30 06211723 bus:SmallEntities 2023-07-01 2024-06-30 06211723 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06211723 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06211723 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06211723 bus:FullAccounts 2023-07-01 2024-06-30 06211723 core:ComputerSoftware 2023-07-01 2024-06-30 06211723 core:ComputerSoftware 2024-06-30 06211723 core:ComputerSoftware 2023-06-30 06211723 core:AfterOneYear 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 06211723
Alcock Lees Partnership Limited
Unaudited financial statements
30 June 2024
Alcock Lees Partnership Limited
Statement of financial position
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
5
1,734
2,041
Tangible assets
6
77,254
96,721
-------
-------
78,988
98,762
Current assets
Debtors
7
376,973
463,587
Cash at bank and in hand
176,601
31,791
---------
---------
553,574
495,378
Creditors: Amounts falling due within one year
8
( 186,173)
( 235,871)
---------
---------
Net current assets
367,401
259,507
---------
---------
Total assets less current liabilities
446,389
358,269
Creditors: Amounts falling due after more than one year
9
( 40,134)
( 50,955)
Provisions
Taxation including deferred tax
( 14,599)
( 17,506)
---------
---------
Net assets
391,656
289,808
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
391,556
289,708
---------
---------
Shareholders funds
391,656
289,808
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alcock Lees Partnership Limited
Statement of financial position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 25 October 2024 , and are signed on behalf of the board by:
T Shakespeare
Director
Company registration number: 06211723
Alcock Lees Partnership Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, Norfolk, NR7 0LB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Computer software
-
15% reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
The liabilities included in the accounts in respect of finance leases/hire purchases contracts are secured upon the assets to which they relate.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
4. Average number of employees
The average number of employees during the year was 11 (2023: 10 ).
5. Intangible assets
Computer software
£
Cost
At 1 July 2023 and 30 June 2024
4,556
------
Amortisation
At 1 July 2023
2,515
Charge for the year
307
------
At 30 June 2024
2,822
------
Carrying amount
At 30 June 2024
1,734
------
At 30 June 2023
2,041
------
6. Tangible assets
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023
65,654
116,399
182,053
Additions
2,498
2,498
-------
---------
---------
At 30 June 2024
68,152
116,399
184,551
-------
---------
---------
Depreciation
At 1 July 2023
42,253
43,079
85,332
Charge for the year
3,635
18,330
21,965
-------
---------
---------
At 30 June 2024
45,888
61,409
107,297
-------
---------
---------
Carrying amount
At 30 June 2024
22,264
54,990
77,254
-------
---------
---------
At 30 June 2023
23,401
73,320
96,721
-------
---------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Motor vehicles
£
At 30 June 2024
42,047
-------
At 30 June 2023
56,063
-------
7. Debtors
2024
2023
£
£
Trade debtors
160,853
253,522
Amounts owed by group undertakings and undertakings in which the company has a participating interest
186,760
116,830
Other debtors
29,360
93,235
---------
---------
376,973
463,587
---------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
4,493
64,465
Social security and other taxes
162,187
154,302
Other creditors
694
Other creditors
18,799
17,104
---------
---------
186,173
235,871
---------
---------
Liabilities in respect of hire purchase/finance lease agreements are secured upon the assets to which they relate.
9. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Other creditors
40,134
50,955
-------
-------
Liabilities in respect of hire purchase/finance lease agreements are secured upon the assets to which they relate.
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
7,000
12,000
Later than 1 year and not later than 5 years
7,000
------
-------
7,000
19,000
------
-------
11. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
The Director
----
----
----
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
The Director
130,648
( 130,648)
---------
---------
----
Interest was levied at 2.25% on advances/loans in excess of £10,000.