Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3Ground works3true2023-04-01falsetruefalse 06288581 2023-04-01 2024-03-31 06288581 2022-04-01 2023-03-31 06288581 2024-03-31 06288581 2023-03-31 06288581 c:Director1 2023-04-01 2024-03-31 06288581 d:PlantMachinery 2023-04-01 2024-03-31 06288581 d:PlantMachinery 2024-03-31 06288581 d:PlantMachinery 2023-03-31 06288581 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06288581 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06288581 d:OfficeEquipment 2023-04-01 2024-03-31 06288581 d:OfficeEquipment 2024-03-31 06288581 d:OfficeEquipment 2023-03-31 06288581 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06288581 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06288581 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06288581 d:OtherPropertyPlantEquipment 2024-03-31 06288581 d:OtherPropertyPlantEquipment 2023-03-31 06288581 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06288581 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06288581 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06288581 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06288581 d:Goodwill 2024-03-31 06288581 d:Goodwill 2023-03-31 06288581 d:CurrentFinancialInstruments 2024-03-31 06288581 d:CurrentFinancialInstruments 2023-03-31 06288581 d:Non-currentFinancialInstruments 2024-03-31 06288581 d:Non-currentFinancialInstruments 2023-03-31 06288581 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06288581 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06288581 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06288581 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06288581 d:ShareCapital 2024-03-31 06288581 d:ShareCapital 2023-03-31 06288581 d:RetainedEarningsAccumulatedLosses 2024-03-31 06288581 d:RetainedEarningsAccumulatedLosses 2023-03-31 06288581 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06288581 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06288581 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06288581 c:OrdinaryShareClass1 2024-03-31 06288581 c:OrdinaryShareClass1 2023-03-31 06288581 c:FRS102 2023-04-01 2024-03-31 06288581 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06288581 c:FullAccounts 2023-04-01 2024-03-31 06288581 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06288581 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 06288581 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 06288581 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 06288581 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 06288581 2 2023-04-01 2024-03-31 06288581 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 06288581 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 06288581 d:LeasedAssetsHeldAsLessee 2024-03-31 06288581 d:LeasedAssetsHeldAsLessee 2023-03-31 06288581 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06288581










ALI THORN LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ALI THORN LTD
REGISTERED NUMBER: 06288581

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 6 
65,161
28,784

  
65,161
28,784

Current assets
  

Debtors: amounts falling due within one year
 7 
59,082
35,718

Cash at bank and in hand
 8 
13,426
32,085

  
72,508
67,803

Creditors: amounts falling due within one year
 9 
(47,607)
(39,300)

Net current assets
  
 
 
24,901
 
 
28,503

Total assets less current liabilities
  
90,062
57,287

Creditors: amounts falling due after more than one year
 10 
(12,359)
-

Provisions for liabilities
  

Deferred tax
 12 
(16,290)
(7,196)

  
 
 
(16,290)
 
 
(7,196)

Net assets
  
61,413
50,091


Capital and reserves
  

Called up share capital 
 13 
1,000
1,000

Profit and loss account
  
60,413
49,091

  
61,413
50,091


Page 1

 
ALI THORN LTD
REGISTERED NUMBER: 06288581
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2024.




A Thorn
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Ali Thorn Ltd, 06288581, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Cefn Gwyn, Trefeglwys, Caersws, Powys, SY17 5RF.
The principal activity of the Company is construction ground works.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Office equipment
-
15%
Other fixed assets
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


5.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
11,000



At 31 March 2024

11,000



Amortisation


At 1 April 2023
11,000



At 31 March 2024

11,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 6

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Tangible fixed assets





Plant and machinery
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2023
76,995
2,229
8,515
87,739


Additions
57,028
-
1,324
58,352


Disposals
(34,500)
-
-
(34,500)



At 31 March 2024

99,523
2,229
9,839
111,591



Depreciation


At 1 April 2023
52,322
1,638
4,995
58,955


Charge for the year on owned assets
1,816
89
597
2,502


Charge for the year on financed assets
3,003
-
-
3,003


Disposals
(18,030)
-
-
(18,030)



At 31 March 2024

39,111
1,727
5,592
46,430



Net book value



At 31 March 2024
60,412
502
4,247
65,161



At 31 March 2023
24,673
591
3,520
28,784

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
33,030
14,373

33,030
14,373

Page 7

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
51,720
29,650

Other debtors
6,135
6,068

Prepayments and accrued income
1,227
-

59,082
35,718



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,426
32,085

13,426
32,085



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,409
2,135

Other taxation and social security
15,766
14,821

Obligations under finance lease and hire purchase contracts
7,410
3,788

Other creditors
17,154
17,226

Accruals and deferred income
5,868
1,330

47,607
39,300


The following liabilities were secured:

2024
2023
£
£



Hire purchase obligations
7,410
3,788

7,410
3,788

Details of security provided:

Hire purchase obligations are secured on the assets financed.

Page 8

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
12,359
-

12,359
-


The following liabilities were secured:

2024
2023
£
£



Hire purchase obligations
12,359
-

12,359
-

Details of security provided:

Hire purchase obligations are secured on the assets financed.


11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
7,410
3,788

Between 1-5 years
12,359
-

19,769
3,788

Page 9

 
ALI THORN LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.


Deferred taxation




2024


£






At beginning of year
7,196


Charged to profit or loss
9,094



At end of year
16,290

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
16,290
7,196

16,290
7,196


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 10