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REGISTERED NUMBER: 04422967 (England and Wales)




















Financial Statements

for the Year Ended 31 May 2024

for

ALVIS & COMPANY (ACCOUNTANTS) LTD.

ALVIS & COMPANY (ACCOUNTANTS) LTD. (REGISTERED NUMBER: 04422967)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALVIS & COMPANY (ACCOUNTANTS) LTD.

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Bolger FCCA
B S Mason FCCA





SECRETARY: B S Mason FCCA





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 04422967 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

ALVIS & COMPANY (ACCOUNTANTS) LTD. (REGISTERED NUMBER: 04422967)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,568 54,819
37,568 54,819

CURRENT ASSETS
Debtors 6 857,802 1,046,314
Cash at bank and in hand 367,827 118,304
1,225,629 1,164,618
CREDITORS
Amounts falling due within one year 7 (428,468 ) (372,682 )
NET CURRENT ASSETS 797,161 791,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

834,729

846,755

CREDITORS
Amounts falling due after more than one
year

8

(47,200

)

(58,994

)

PROVISIONS FOR LIABILITIES (9,743 ) (13,547 )
NET ASSETS 777,786 774,214

CAPITAL AND RESERVES
Called up share capital 9 700 700
Capital redemption reserve 3,250 3,250
Retained earnings 773,836 770,264
SHAREHOLDERS' FUNDS 777,786 774,214

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

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

ALVIS & COMPANY (ACCOUNTANTS) LTD. (REGISTERED NUMBER: 04422967)

Balance Sheet - continued
31 May 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 27 February 2025 and were signed on its behalf by:




J Bolger FCCA - Director



B S Mason FCCA - Director


ALVIS & COMPANY (ACCOUNTANTS) LTD. (REGISTERED NUMBER: 04422967)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Alvis & Company (Accountants) Ltd. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of seven 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.
Furniture & Office Equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

ALVIS & COMPANY (ACCOUNTANTS) LTD. (REGISTERED NUMBER: 04422967)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 545,000
AMORTISATION
At 1 June 2023
and 31 May 2024 545,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Furniture
& Office Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 33,371 38,346 26,641 98,358
Additions - - 347 347
At 31 May 2024 33,371 38,346 26,988 98,705
DEPRECIATION
At 1 June 2023 13,102 9,190 21,247 43,539
Charge for year 8,343 5,804 3,451 17,598
At 31 May 2024 21,445 14,994 24,698 61,137
NET BOOK VALUE
At 31 May 2024 11,926 23,352 2,290 37,568
At 31 May 2023 20,269 29,156 5,394 54,819

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 June 2023
and 31 May 2024 38,346
DEPRECIATION
At 1 June 2023 9,190
Charge for year 5,804
At 31 May 2024 14,994
NET BOOK VALUE
At 31 May 2024 23,352
At 31 May 2023 29,156

ALVIS & COMPANY (ACCOUNTANTS) LTD. (REGISTERED NUMBER: 04422967)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 242,178 141,853
Other debtors 615,624 904,461
857,802 1,046,314

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 3,887 5,376
Trade creditors 112,405 98,536
Taxation and social security 284,089 90,026
Other creditors 28,087 178,744
428,468 372,682

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 29,446 35,002
Other creditors 17,754 23,992
47,200 58,994

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
3,500 Ordinary 10p 350 350
35,000 Professional 1p 350 350
700 700

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
J Bolger FCCA
Balance outstanding at start of year (6 ) (120 )
Amounts advanced 6,672 (4,935 )
Amounts repaid (6,253 ) 5,049
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 413 (6 )

ALVIS & COMPANY (ACCOUNTANTS) LTD. (REGISTERED NUMBER: 04422967)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

B S Mason FCCA
Balance outstanding at start of year (637 ) (148 )
Amounts advanced 6,794 (7,558 )
Amounts repaid (7,299 ) 7,069
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,142 ) (637 )