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REGISTERED NUMBER: 07419927 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALLCOOL (N.W.) LIMITED

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLCOOL (N.W.) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr P J Talarczyk
Mrs J D Talarczyk





REGISTERED OFFICE: 17 St. Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 07419927 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 82,500 96,250
Tangible assets 5 236,222 189,665
318,722 285,915

CURRENT ASSETS
Stocks 57,654 72,124
Debtors 6 534,515 549,829
Cash at bank and in hand 593,146 793,147
1,185,315 1,415,100
CREDITORS
Amounts falling due within one year 7 (606,014 ) (841,540 )
NET CURRENT ASSETS 579,301 573,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,023

859,475

CREDITORS
Amounts falling due after more than one
year

8

(55,085

)

(51,417

)

PROVISIONS FOR LIABILITIES (49,390 ) (37,737 )
NET ASSETS 793,548 770,321

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 275,000 275,000
Retained earnings 518,448 495,221
SHAREHOLDERS' FUNDS 793,548 770,321

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

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

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

BALANCE SHEET - continued
31 December 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 14 February 2025 and were signed on its behalf by:




Mr P J Talarczyk - Director



Mrs J D Talarczyk - Director


ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Allcool (N.W.) 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.

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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - not provided
Plant and machinery - 10% on cost
Fixtures and fittings - Over the remaining period of the lease
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.


ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 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 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.

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.

Going concern
The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 275,000
AMORTISATION
At 1 January 2024 178,750
Amortisation for year 13,750
At 31 December 2024 192,500
NET BOOK VALUE
At 31 December 2024 82,500
At 31 December 2023 96,250

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 37,795 12,017 92,794
Additions - - -
Disposals - - -
At 31 December 2024 37,795 12,017 92,794
DEPRECIATION
At 1 January 2024 - 11,649 80,026
Charge for year - 368 3,192
Eliminated on disposal - - -
At 31 December 2024 - 12,017 83,218
NET BOOK VALUE
At 31 December 2024 37,795 - 9,576
At 31 December 2023 37,795 368 12,768

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 365,785 41,697 550,088
Additions 106,135 - 106,135
Disposals (52,230 ) - (52,230 )
At 31 December 2024 419,690 41,697 603,993
DEPRECIATION
At 1 January 2024 233,195 35,553 360,423
Charge for year 46,999 4,341 54,900
Eliminated on disposal (47,552 ) - (47,552 )
At 31 December 2024 232,642 39,894 367,771
NET BOOK VALUE
At 31 December 2024 187,048 1,803 236,222
At 31 December 2023 132,590 6,144 189,665

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 148,035
Additions 45,835
At 31 December 2024 193,870
DEPRECIATION
At 1 January 2024 55,368
Charge for year 26,314
At 31 December 2024 81,682
NET BOOK VALUE
At 31 December 2024 112,188
At 31 December 2023 92,667

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 504,826 517,532
Other debtors - 287
Prepayments 29,689 32,010
534,515 549,829

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 40,764 35,822
Trade creditors 245,239 393,804
Tax 71,389 114,621
Social security and other taxes 29,720 28,942
VAT 24,043 76,744
Other creditors 519 1,421
Directors' current accounts 24 11
Accruals and deferred income 194,316 190,175
606,014 841,540

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 55,085 51,417

ALLCOOL (N.W.) LIMITED (REGISTERED NUMBER: 07419927)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 40,764 35,822
Between one and five years 55,085 51,417
95,849 87,239

Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,006 7,560
Between one and five years 584 7,589
7,590 15,149

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 95,849 87,239

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr P J Talarczyk and Mrs J D Talarczyk
Balance outstanding at start of year - -
Amounts advanced 40,038 32,132
Amounts repaid (40,038 ) (32,132 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £154,000 (2023 - £154,000) were paid to the directors .