Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-294false2023-03-01falseTransmission gearboxes5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12463431 2023-03-01 2024-02-29 12463431 2022-03-01 2023-02-28 12463431 2024-02-29 12463431 2023-02-28 12463431 2022-03-01 12463431 c:Director1 2023-03-01 2024-02-29 12463431 d:PlantMachinery 2023-03-01 2024-02-29 12463431 d:PlantMachinery 2024-02-29 12463431 d:PlantMachinery 2023-02-28 12463431 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12463431 d:MotorVehicles 2023-03-01 2024-02-29 12463431 d:MotorVehicles 2024-02-29 12463431 d:MotorVehicles 2023-02-28 12463431 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12463431 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12463431 d:CurrentFinancialInstruments 2024-02-29 12463431 d:CurrentFinancialInstruments 2023-02-28 12463431 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12463431 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12463431 d:ShareCapital 2023-03-01 2024-02-29 12463431 d:ShareCapital 2024-02-29 12463431 d:ShareCapital 2022-03-01 2023-02-28 12463431 d:ShareCapital 2023-02-28 12463431 d:ShareCapital 2022-03-01 12463431 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 12463431 d:RetainedEarningsAccumulatedLosses 2024-02-29 12463431 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 12463431 d:RetainedEarningsAccumulatedLosses 2023-02-28 12463431 d:RetainedEarningsAccumulatedLosses 2022-03-01 12463431 c:FRS102 2023-03-01 2024-02-29 12463431 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12463431 c:FullAccounts 2023-03-01 2024-02-29 12463431 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12463431 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 12463431










ALDENS TRANSMISSIONS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ALDENS TRANSMISSIONS LTD
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFALDENS TRANSMISSIONS LTD
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aldens Transmissions Ltd for the year ended 29 February 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Aldens Transmissions Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Aldens Transmissions Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aldens Transmissions Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Aldens Transmissions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that Aldens Transmissions Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Aldens Transmissions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 

25 February 2025
Page 1

 
ALDENS TRANSMISSIONS LTD
REGISTERED NUMBER: 12463431

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
52,756
52,856

  
52,756
52,856

Current assets
  

Stocks
 5 
39,944
43,161

Debtors: amounts falling due within one year
 6 
276
-

Cash at bank and in hand
 7 
1,972
7,496

  
42,192
50,657

Creditors: amounts falling due within one year
 8 
(100,893)
(103,410)

Net current liabilities
  
 
 
(58,701)
 
 
(52,753)

Total assets less current liabilities
  
(5,945)
103

  

Net (liabilities)/assets
  
(5,945)
103


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(6,045)
3

  
(5,945)
103


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 February 2025.




Page 2

 
ALDENS TRANSMISSIONS LTD
REGISTERED NUMBER: 12463431

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024



Richard Burgess
Director

The notes on pages 6 to 10 form part of these financial statements.

Page 3

 
ALDENS TRANSMISSIONS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 March 2023
100
3
103


Comprehensive income for the year

Loss for the year

-
(6,048)
(6,048)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(6,048)
(6,048)


Total transactions with owners
-
-
-


At 29 February 2024
100
(6,045)
(5,945)


The notes on pages 6 to 10 form part of these financial statements.

Page 4

 
ALDENS TRANSMISSIONS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 March 2022
100
1,508
1,608


Comprehensive income for the year

Profit for the year

-
1,995
1,995


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
1,995
1,995


Contributions by and distributions to owners

Dividends: Equity capital
-
(3,500)
(3,500)


Total transactions with owners
-
(3,500)
(3,500)


At 28 February 2023
100
3
103


The notes on pages 6 to 10 form part of these financial statements.

Page 5

 
ALDENS TRANSMISSIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Aldens Transmissions Ltd is a company domiciled in England & Wales, registration number 12463431. The registered office is Unit 5 Knowles Street, Bradford, BD4 6HA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Page 6

 
ALDENS TRANSMISSIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 7

 
ALDENS TRANSMISSIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
83,340
65,958

Social security costs
1,236
104

Cost of defined contribution scheme
552
469

85,128
66,531


The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
5
4

Page 8

 
ALDENS TRANSMISSIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 March 2023
5,490
69,721
75,211


Additions
13,100
3,274
16,374



At 29 February 2024

18,590
72,995
91,585



Depreciation


At 1 March 2023
1,925
20,430
22,355


Charge for the year on owned assets
3,333
13,141
16,474



At 29 February 2024

5,258
33,571
38,829



Net book value



At 29 February 2024
13,332
39,424
52,756



At 28 February 2023
3,566
49,290
52,856


5.


Stocks

29 February
28 February
2024
2023
£
£

Raw materials and consumables
39,944
43,161

39,944
43,161



6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
276
-

276
-


Page 9

 
ALDENS TRANSMISSIONS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
1,972
7,496

1,972
7,496



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
3,359
6,502

Other taxation and social security
16,038
6,835

Other creditors
81,496
90,073

100,893
103,410



9.


Pension commitments


10.


Controlling party

The ultimate controlling party is Mr Richard Burgess.


Page 10