IRIS Accounts Production v24.3.0.553 05878989 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false 3176 1659 2737 3801 2295 2284 3618 3176 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058789892023-07-31058789892024-07-31058789892023-08-012024-07-31058789892022-07-31058789892022-08-012023-07-31058789892023-07-3105878989ns15:EnglandWales2023-08-012024-07-3105878989ns14:PoundSterling2023-08-012024-07-3105878989ns10:Director12023-08-012024-07-3105878989ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105878989ns10:SmallEntities2023-08-012024-07-3105878989ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105878989ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105878989ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105878989ns10:FullAccounts2023-08-012024-07-310587898912023-08-012024-07-310587898942ns10:Director22023-07-310587898942ns10:Director22022-07-310587898942ns10:Director22023-08-012024-07-310587898942ns10:Director22022-08-012023-07-310587898942ns10:Director22024-07-310587898942ns10:Director22023-07-3105878989ns5:CurrentFinancialInstruments2024-07-3105878989ns5:CurrentFinancialInstruments2023-07-3105878989ns5:Non-currentFinancialInstruments2024-07-3105878989ns5:Non-currentFinancialInstruments2023-07-3105878989ns5:ShareCapital2024-07-3105878989ns5:ShareCapital2023-07-3105878989ns5:RetainedEarningsAccumulatedLosses2024-07-3105878989ns5:RetainedEarningsAccumulatedLosses2023-07-3105878989ns10:RegisteredOffice2023-08-012024-07-3105878989ns5:NetGoodwill2023-08-012024-07-3105878989ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3105878989ns5:LandBuildings2023-08-012024-07-3105878989ns5:PlantMachinery2023-08-012024-07-3105878989ns5:NetGoodwill2023-07-3105878989ns5:NetGoodwill2024-07-3105878989ns5:NetGoodwill2023-07-3105878989ns5:LandBuildings2023-07-3105878989ns5:FurnitureFittings2023-07-3105878989ns5:FurnitureFittings2023-08-012024-07-3105878989ns5:LandBuildings2024-07-3105878989ns5:FurnitureFittings2024-07-3105878989ns5:LandBuildings2023-07-3105878989ns5:FurnitureFittings2023-07-3105878989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3105878989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105878989ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-07-3105878989ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3105878989ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3105878989ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3105878989ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-07-3105878989ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3105878989ns10:Director22023-08-012024-07-31058789891ns10:Director12023-07-31058789891ns10:Director12022-07-31058789891ns10:Director12023-08-012024-07-31058789891ns10:Director12022-08-012023-07-31058789891ns10:Director12024-07-31058789891ns10:Director12023-07-31
REGISTERED NUMBER: 05878989 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ALDER GRANGE LIMITED

ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 8


ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 576,934 587,873
576,934 587,873

CURRENT ASSETS
Inventories 1,000 487
Debtors 6 28,209 27,559
Cash at bank and in hand 111,517 42,087
140,726 70,133
CREDITORS
Amounts falling due within one year 7 (70,063 ) (51,579 )
NET CURRENT ASSETS 70,663 18,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,597

606,427

CREDITORS
Amounts falling due after more than one
year

8

(111,159

)

(126,370

)

PROVISIONS FOR LIABILITIES (3,129 ) (3,931 )
NET ASSETS 533,309 476,126

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 533,209 476,026
533,309 476,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2024 and were signed on its behalf by:





S L Grimshaw - Director


ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Alder Grange Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05878989

Registered office: 51 Adamthwaite Drive
Blythe Bridge
Stoke-on-Trent
Staffordshire
ST11 9HL

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

(i) Estimated useful lives and residual values of fixed assets

As described in the financial statements, depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

REVENUE RECOGNITION
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the rendering of services is recognised by reference to the stage of completion at the balance sheet date; 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.

GOODWILL
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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 at a rate of 10 years straight line.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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

ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 20,000
AMORTISATION
At 1 August 2023
and 31 July 2024 20,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 August 2023 633,982 48,362 682,344
Additions - 692 692
Disposals - (1,735 ) (1,735 )
At 31 July 2024 633,982 47,319 681,301
DEPRECIATION
At 1 August 2023 67,660 26,811 94,471
Charge for year 6,677 4,317 10,994
Eliminated on disposal - (1,098 ) (1,098 )
At 31 July 2024 74,337 30,030 104,367
NET BOOK VALUE
At 31 July 2024 559,645 17,289 576,934
At 31 July 2023 566,322 21,551 587,873

Included in freehold land and buildings is land in the estimated sum of £200,000 and buildings with an estimated residual value of £100,000, both of which are not subject to depreciation.

ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 938 -
Directors' loan accounts 441 3,178
Prepayments 26,830 24,381
28,209 27,559

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 14,593 13,516
Tax 32,465 14,595
Social security and other taxes 6,635 7,579
Other creditors 7,687 8,013
Directors' loan accounts 886 574
Accruals and deferred income 7,797 7,302
70,063 51,579

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 15,163 14,044
Bank loans - 2-5 years 49,139 45,512
Bank loans payable more than
5 years by instalments 46,857 66,814
111,159 126,370

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable more than
5 years by instalments 46,857 66,814
46,857 66,814

9. SECURED DEBTS

The bank loan is secured by a fixed and floating charge over the company and all property and assets.

ALDER GRANGE LIMITED (REGISTERED NUMBER: 05878989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
S L Grimshaw and C J Grimshaw
Balance outstanding at start of year 3,176 1,659
Amounts advanced 2,737 3,801
Amounts repaid (2,295 ) (2,284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,618 3,176

11. RELATED PARTY DISCLOSURES

All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.