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REGISTERED NUMBER: 01920738 (England and Wales)










Financial Statements

for the Year Ended 30 April 2024

for

Altonlord Limited

Altonlord Limited (Registered number: 01920738)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Altonlord Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Edwards
A Edwards
E Edwards
L Burnham





SECRETARY: A Edwards





REGISTERED OFFICE: 1 Greythorp Ind. Estate
Hartlepool
TS25 2DF





REGISTERED NUMBER: 01920738 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Altonlord Limited (Registered number: 01920738)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 1,834,670 1,411,039

CURRENT ASSETS
Stocks 23,500 12,831
Debtors 4 867,733 766,937
Cash at bank 214,444 212,255
1,105,677 992,023
CREDITORS
Amounts falling due within one year 5 (749,592 ) (722,394 )
NET CURRENT ASSETS 356,085 269,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,190,755

1,680,668

CREDITORS
Amounts falling due after more than one
year

6

(776,506

)

(611,528

)

PROVISIONS FOR LIABILITIES (400,544 ) (305,200 )
NET ASSETS 1,013,705 763,940

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,013,605 763,840
SHAREHOLDERS' FUNDS 1,013,705 763,940

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

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

Altonlord Limited (Registered number: 01920738)

Balance Sheet - continued
30 April 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 October 2024 and were signed on its behalf by:




E Edwards - Director



L Burnham - Director


Altonlord Limited (Registered number: 01920738)

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

1. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - 15% on reducing balance and 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Altonlord Limited (Registered number: 01920738)

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

1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 28 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 May 2023 266,211 515,520 2,240
Additions 29,881 - -
At 30 April 2024 296,092 515,520 2,240
DEPRECIATION
At 1 May 2023 60,751 298,321 1,737
Charge for year 4,852 45,292 100
At 30 April 2024 65,603 343,613 1,837
NET BOOK VALUE
At 30 April 2024 230,489 171,907 403
At 30 April 2023 205,460 217,199 503

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 1,435,384 14,971 2,234,326
Additions 606,290 - 636,171
At 30 April 2024 2,041,674 14,971 2,870,497
DEPRECIATION
At 1 May 2023 454,139 8,339 823,287
Charge for year 159,886 2,410 212,540
At 30 April 2024 614,025 10,749 1,035,827
NET BOOK VALUE
At 30 April 2024 1,427,649 4,222 1,834,670
At 30 April 2023 981,245 6,632 1,411,039

Altonlord Limited (Registered number: 01920738)

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

3. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 189,739 778,275 968,014
Additions - 585,790 585,790
Transfer to ownership - (70,000 ) (70,000 )
At 30 April 2024 189,739 1,294,065 1,483,804
DEPRECIATION
At 1 May 2023 62,087 93,352 155,439
Charge for year 25,531 105,916 131,447
Transfer to ownership - (27,011 ) (27,011 )
At 30 April 2024 87,618 172,257 259,875
NET BOOK VALUE
At 30 April 2024 102,121 1,121,808 1,223,929
At 30 April 2023 127,652 684,923 812,575

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 773,576 735,737
Other debtors 79,657 17,700
Prepayments 14,500 13,500
867,733 766,937

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 72,473 72,473
Hire purchase contracts 268,840 206,670
Trade creditors 227,248 273,255
Corporation tax 264 -
Social security and other tax 32,291 31,334
VAT 86,026 81,535
Other creditors 8,051 7,976
Directors' current accounts 18,030 41,951
Accrued expenses 36,369 7,200
749,592 722,394

Altonlord Limited (Registered number: 01920738)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce Back Loan 1-2 year 9,973 9,973
Funding Circle Loan 1-2 years 36,458 62,500
Bounce Back Loan 2-5 year 1,569 11,490
Funding Circle Loan 2-5 years - 36,458
Hire purchase contracts 728,506 491,107
776,506 611,528

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 3,077 -