Registered number
10788409
Alan (Oxford Road) Limited
Filleted Accounts
31 May 2024
Alan (Oxford Road) Limited
Registered number: 10788409
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 58,521 78,028
Tangible assets 4 58,544 73,254
117,065 151,282
Current assets
Stocks 10,000 10,000
Debtors 5 129,216 103,055
Cash at bank and in hand 325,607 290,056
464,823 403,111
Creditors: amounts falling due within one year 6 (375,275) (317,228)
Net current assets 89,548 85,883
Total assets less current liabilities 206,613 237,165
Creditors: amounts falling due after more than one year 7 (279,338) (256,338)
Net liabilities (72,725) (19,173)
Capital and reserves
Called up share capital 1 1
Profit and loss account (72,726) (19,174)
Shareholder's funds (72,725) (19,173)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Bo Cui
Director
Approved by the board on 26 February 2025
Alan (Oxford Road) Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipments 25% reducing balance
Fixtures & fittings 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 18
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 195,070
Additions -
Disposals -
At 31 May 2024 195,070
Amortisation
At 1 June 2023 117,042
Provided during the year 19,507
On disposals -
At 31 May 2024 136,549
Net book value
At 31 May 2024 58,521
At 31 May 2023 78,028
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures & Fittings Equipments Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 148,812 29,236 - 178,048
Additions 2,368 2,437 - 4,805
Surplus on revaluation - - - -
Disposals - - - -
At 31 May 2024 151,180 31,673 - 182,853
Depreciation
At 1 June 2023 85,129 19,665 - 104,794
Charge for the year 16,513 3,002 - 19,515
Surplus on revaluation - - - -
On disposals - - - -
At 31 May 2024 101,642 22,667 - 124,309
Net book value
At 31 May 2024 49,538 9,006 - 58,544
At 31 May 2023 63,683 9,571 - 73,254
5 Debtors 2024 2023
£ £
Trade debtors 308 1,894
Loans 54,727 52,870
Other debtors 74,181 48,291
129,216 103,055
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 267,422 188,095
Taxation and social security costs 39,320 59,134
Other creditors 68,533 69,999
375,275 317,228
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,000 30,000
Director's Loan Account 259,338 226,338
279,338 256,338
8 Related party transactions
Included in debtors are loans of £44730 to Cuibo York Ltd, Alan (Portland) Ltd of £30962.88 and No 8 Ltd of £63.63, loans from Alan (York) Ltd of £10375.91 and Alan (Leeds) Ltd of £10653.18, companies that a director has an interest in.
9 Controlling party
The company is controlled by Bo Cui (100%).
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