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Company No: 05736223 (England and Wales)

ALLIANCE BUILDING PLASTICS LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

ALLIANCE BUILDING PLASTICS LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

ALLIANCE BUILDING PLASTICS LTD

BALANCE SHEET

As at 31 August 2024
ALLIANCE BUILDING PLASTICS LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 8,845 11,365
8,845 11,365
Current assets
Stocks 4 51,000 51,000
Debtors 5 91,163 110,468
Cash at bank and in hand 175,018 217,879
317,181 379,347
Creditors: amounts falling due within one year 6 ( 130,567) ( 151,131)
Net current assets 186,614 228,216
Total assets less current liabilities 195,459 239,581
Creditors: amounts falling due after more than one year 7 ( 17,365) ( 27,442)
Provision for liabilities ( 2,212) ( 2,842)
Net assets 175,882 209,297
Capital and reserves
Called-up share capital 3 3
Profit and loss account 175,879 209,294
Total shareholders' funds 175,882 209,297

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Alliance Building Plastics Ltd (registered number: 05736223) were approved and authorised for issue by the Board of Directors on 19 December 2024. They were signed on its behalf by:

M A Brown
Director
A P Coshan
Director
ALLIANCE BUILDING PLASTICS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
ALLIANCE BUILDING PLASTICS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Alliance Building Plastics Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Unit 2 The Aztec centre 54 Nuffield Road, Nuffield Industrial Estate, Poole, Dorset, BH17ORT.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line,reducing balance] basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £ £
Cost
At 01 September 2023 42,654 3,216 6,052 5,262 57,184
Additions 0 0 358 0 358
At 31 August 2024 42,654 3,216 6,410 5,262 57,542
Accumulated depreciation
At 01 September 2023 32,433 2,905 5,280 5,201 45,819
Charge for the financial year 2,555 46 216 61 2,878
At 31 August 2024 34,988 2,951 5,496 5,262 48,697
Net book value
At 31 August 2024 7,666 265 914 0 8,845
At 31 August 2023 10,221 311 772 61 11,365

4. Stocks

2024 2023
£ £
Stocks 51,000 51,000

5. Debtors

2024 2023
£ £
Trade debtors 84,953 104,921
Other debtors 6,210 5,547
91,163 110,468

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,077 9,829
Trade creditors 41,062 56,965
Taxation and social security 67,746 64,015
Other creditors 11,682 20,322
130,567 151,131

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 17,365 27,442

There are no amounts included above in respect of which any security has been given by the small entity.