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REGISTERED NUMBER: SC694431 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Alexander Manufacturing Ltd

Alexander Manufacturing Ltd (Registered number: SC694431)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alexander Manufacturing Ltd (Registered number: SC694431)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,041 2,535

CURRENT ASSETS
Stocks 50,000 158,873
Debtors 5 78,069 239,101
Cash at bank 26,413 21,838
154,482 419,812
CREDITORS
Amounts falling due within one year 6 (886,081 ) (618,935 )
NET CURRENT LIABILITIES (731,599 ) (199,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(721,558

)

(196,588

)

CREDITORS
Amounts falling due after more than one
year

7

-

(40,741

)
NET LIABILITIES (721,558 ) (237,329 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (721,560 ) (237,331 )
(721,558 ) (237,329 )

Alexander Manufacturing Ltd (Registered number: SC694431)

Balance Sheet - continued
30 June 2024


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.

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 28 October 2024 and were signed on its behalf by:




Mr C M Alexander - Director



Mrs N Alexander - Director


Alexander Manufacturing Ltd (Registered number: SC694431)

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

1. STATUTORY INFORMATION

Alexander Manufacturing Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC694431. The registered office is Algo Business Centre, Glenearn Road, Perth, Scotland, PH2 0NJ.

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
Turnover represents net invoiced sales of goods and services in respect of clothing and garment manufacturing, excluding value added tax. Sales are recognised at the point at which the goods are delivered and the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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

Alexander Manufacturing Ltd (Registered number: SC694431)

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

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Going concern
The director of the company has reviewed the company's financial position for 12 months from the balance sheet signing date and it is the director's belief that the company should prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023 3,000
Additions 8,099
At 30 June 2024 11,099
DEPRECIATION
At 1 July 2023 465
Charge for year 593
At 30 June 2024 1,058
NET BOOK VALUE
At 30 June 2024 10,041
At 30 June 2023 2,535

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 49,476 21,886
Amounts owed by related parties 80 190,946
Other debtors 28,513 26,269
78,069 239,101

Alexander Manufacturing Ltd (Registered number: SC694431)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 40,741 44,445
Payments on account - 105,295
Trade creditors 90,785 73,697
Amounts owed to related parties 535,884 168,505
Taxation and social security 164,325 142,191
Other creditors 54,346 84,802
886,081 618,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 40,741

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mrs N Alexander
Balance outstanding at start of year - -
Amounts advanced 9,579 -
Amounts repaid (1,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,579 -

9. RELATED PARTY DISCLOSURES

Transactions and balances with entities with common control are as follows:

Sales - £42,682 (2023 £136,292)
Purchases - (£21,504) (2023 £87,523)
Amounts owed by related parties - £80 (2023 £190,946)
Amounts owed to related parties - £535,884 (2023 £168,505)