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REGISTERED NUMBER: 02820838 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Altech Trading Company Limited

Altech Trading Company Limited (Registered number: 02820838)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Altech Trading Company Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Warren
Mrs L Warren
D Warren





SECRETARY: Mrs L Warren





REGISTERED OFFICE: 43 Hoynors
Danbury
Chelmsford
Essex
CM3 4RL





REGISTERED NUMBER: 02820838 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Altech Trading Company Limited (Registered number: 02820838)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 784,593 827,612
784,593 827,612

CURRENT ASSETS
Stocks 553,000 512,800
Debtors 6 172,854 200,527
Investments 7 1,420 1,420
Cash at bank and in hand 1,290,509 1,164,056
2,017,783 1,878,803
CREDITORS
Amounts falling due within one year 8 266,310 333,672
NET CURRENT ASSETS 1,751,473 1,545,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,536,066

2,372,743

CREDITORS
Amounts falling due after more than one
year

9

-

(16,203

)

PROVISIONS FOR LIABILITIES (177,540 ) (185,000 )
NET ASSETS 2,358,526 2,171,540

CAPITAL AND RESERVES
Called up share capital 6,966 6,966
Capital redemption reserve 9,263 9,263
Retained earnings 2,342,297 2,155,311
SHAREHOLDERS' FUNDS 2,358,526 2,171,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Altech Trading Company Limited (Registered number: 02820838)

Balance Sheet - continued
30 June 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 4 December 2024 and were signed on its behalf by:





C Warren - Director


Altech Trading Company Limited (Registered number: 02820838)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Altech Trading Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company is not part of a group.

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.

Turnover
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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Goodwill
Goodwill, represents the amount paid in connection with the acquisition of a business in 2002, this has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

- Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stock is valued at the market value, after making due allowances for obsolete and slow moving items.


Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and investments in ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Altech Trading Company Limited (Registered number: 02820838)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives.

Interest is charged to the profit and loss account on an actual basis over the term of the contract. The capital element of future payments is carried forward as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 32,000
AMORTISATION
At 1 July 2023
and 30 June 2024 32,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Altech Trading Company Limited (Registered number: 02820838)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 1,782,951
Additions 93,595
At 30 June 2024 1,876,546
DEPRECIATION
At 1 July 2023 955,339
Charge for year 136,614
At 30 June 2024 1,091,953
NET BOOK VALUE
At 30 June 2024 784,593
At 30 June 2023 827,612

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,203 150,381
Other debtors 65,651 50,146
172,854 200,527

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 1,420 1,420

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 16,202 20,260
Trade creditors 121,995 216,070
Taxation and social security 121,923 89,643
Other creditors 6,190 7,699
266,310 333,672

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 16,203