ALK (N.I.) LIMITED

Company Registration Number:
NI629917 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

ALK (N.I.) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

ALK (N.I.) LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 25,774 30,661
Total fixed assets: 25,774 30,661
Current assets
Stocks: 16,856 20,084
Debtors:   33,532 34,047
Cash at bank and in hand: 20,317 34,166
Total current assets: 70,705 88,297
Creditors: amounts falling due within one year:   (48,996) (59,214)
Net current assets (liabilities): 21,709 29,083
Total assets less current liabilities: 47,483 59,744
Creditors: amounts falling due after more than one year:   (10,792) (20,706)
Total net assets (liabilities): 36,691 39,038
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 36,589 38,936
Shareholders funds: 36,691 39,038

The notes form part of these financial statements

ALK (N.I.) LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 February 2025
and signed on behalf of the board by:

Name: David McKeown
Status: Director

The notes form part of these financial statements

ALK (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful life as follows Land & Buildings 2% Straight Line Plant & Machinery 25 % Reducing Balance Motor Vehicles 25 % Reducing Balance The carrying values of tangible assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing or selling.

ALK (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

ALK (N.I.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 56,921
Additions 2,950
At 31 May 2024 59,871
Depreciation
At 01 June 2023 26,260
Charge for year 7,837
At 31 May 2024 34,097
Net book value
At 31 May 2024 25,774
At 31 May 2023 30,661