Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01continues to be that of the sale and distribution of aluminium, plastic and fabric for the window blind and associated markets.true18false18trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02460375 2023-04-01 2024-03-31 02460375 2022-04-01 2023-03-31 02460375 2024-03-31 02460375 2023-03-31 02460375 2022-04-01 02460375 c:Director1 2023-04-01 2024-03-31 02460375 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 02460375 d:Buildings d:ShortLeaseholdAssets 2024-03-31 02460375 d:Buildings d:ShortLeaseholdAssets 2023-03-31 02460375 d:PlantMachinery 2023-04-01 2024-03-31 02460375 d:PlantMachinery 2024-03-31 02460375 d:PlantMachinery 2023-03-31 02460375 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02460375 d:MotorVehicles 2023-04-01 2024-03-31 02460375 d:FurnitureFittings 2023-04-01 2024-03-31 02460375 d:FurnitureFittings 2024-03-31 02460375 d:FurnitureFittings 2023-03-31 02460375 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02460375 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02460375 d:CurrentFinancialInstruments 2024-03-31 02460375 d:CurrentFinancialInstruments 2023-03-31 02460375 d:Non-currentFinancialInstruments 2024-03-31 02460375 d:Non-currentFinancialInstruments 2023-03-31 02460375 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02460375 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02460375 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02460375 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02460375 d:ShareCapital 2024-03-31 02460375 d:ShareCapital 2023-03-31 02460375 d:CapitalRedemptionReserve 2024-03-31 02460375 d:CapitalRedemptionReserve 2023-03-31 02460375 d:RetainedEarningsAccumulatedLosses 2024-03-31 02460375 d:RetainedEarningsAccumulatedLosses 2023-03-31 02460375 c:OrdinaryShareClass1 2023-04-01 2024-03-31 02460375 c:OrdinaryShareClass1 2024-03-31 02460375 c:OrdinaryShareClass1 2023-03-31 02460375 c:FRS102 2023-04-01 2024-03-31 02460375 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02460375 c:FullAccounts 2023-04-01 2024-03-31 02460375 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02460375 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02460375 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02460375 2 2023-04-01 2024-03-31 02460375 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02460375









ALUTRADE PRODUCTS LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
ALUTRADE PRODUCTS LIMITED
REGISTERED NUMBER: 02460375

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
153,654
114,917

  
153,654
114,917

Current assets
  

Stocks
  
1,858,363
1,644,341

Debtors: amounts falling due within one year
 5 
1,035,949
922,068

Cash at bank and in hand
  
57,020
945

  
2,951,332
2,567,354

Creditors: amounts falling due within one year
 6 
(1,393,107)
(1,204,456)

Net current assets
  
 
 
1,558,225
 
 
1,362,898

Total assets less current liabilities
  
1,711,879
1,477,815

Creditors: amounts falling due after more than one year
 7 
-
(31,070)

Provisions for liabilities
  

Deferred tax
 8 
(34,360)
(18,051)

  
 
 
(34,360)
 
 
(18,051)

Net assets
  
1,677,519
1,428,694


Capital and reserves
  

Called up share capital 
 9 
26,880
26,880

Capital redemption reserve
  
268,960
268,960

Profit and loss account
  
1,381,679
1,132,854

  
1,677,519
1,428,694


Page 1

 
ALUTRADE PRODUCTS LIMITED
REGISTERED NUMBER: 02460375
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 4 November 2024.




David Andrew Clark
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ALUTRADE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is registered in England and Wales. The company's registered office is Unit 205 Pointon Way, Stonebridge Cross, Hampton Lovett, Droitwich, WR9 0LW. The principal activity of the company continues to be that of the sale and distribution of aluminium, plastic and fabric for the window blind and associated markets.

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

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

 
2.5

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.

Page 3

 
ALUTRADE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

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 reporting 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 reporting 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 reporting date.

 
2.9

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.

Page 4

 
ALUTRADE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
straight line over the life of the lease
Plant and machinery
-
20% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
15% straight line

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.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
ALUTRADE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 18).


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
174,895
253,185
227,013
655,093


Additions
-
9,866
69,066
78,932



At 31 March 2024

174,895
263,051
296,079
734,025



Depreciation


At 1 April 2023
154,997
209,155
176,024
540,176


Charge for the year on owned assets
3,669
19,416
17,110
40,195



At 31 March 2024

158,666
228,571
193,134
580,371



Net book value



At 31 March 2024
16,229
34,480
102,945
153,654



At 31 March 2023
19,898
44,030
50,989
114,917

Page 6

 
ALUTRADE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
892,903
786,536

Prepayments and accrued income
143,046
135,532

1,035,949
922,068



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
561,226
603,386

Other loans
39,283
37,168

Trade creditors
476,795
336,622

Corporation tax
119,196
45,392

Other taxation and social security
186,582
176,581

Accruals and deferred income
10,025
5,307

1,393,107
1,204,456


The following liabilities were secured:

2024
2023
£
£



Bank overdrafts
561,226
603,386

Other loans
39,283
37,168

600,509
640,554

Details of security provided:

The bank overdrafts are secured by a legal charge over all current and future assets of the company. The other loans are secured by a legal charge over the stock of the company.

Page 7

 
ALUTRADE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
31,070

-
31,070


The following liabilities were secured:

2024
2023
£
£



Other loans
-
31,070

-
31,070

Details of security provided:

The other loans are secured by a legal charge over the stock of the company. 


8.


Deferred taxation




2024
2023


£

£






At beginning of year
18,050
21,570


Charged to the profit or loss
16,310
(3,520)



At end of year
34,360
18,050

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
34,360
18,050

34,360
18,050

Page 8

 
ALUTRADE PRODUCTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



268,800 (2023 - 268,800) ordinary shares of £0.10 each
26,880
26,880





10.


Pension commitments

The pension cost charge represents contributions payable by the Company and amounted to £11,660 (2023 £10,641) for the year. Contributions totalling £nil (2023 £nil) were payable at the reporting date and are included in creditors.

 
Page 9