Company registration number 09503831 (England and Wales)
ALLIANCE ELECTRICAL TRADING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
ALLIANCE ELECTRICAL TRADING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ALLIANCE ELECTRICAL TRADING LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
355,058
358,577
Debtors
3
148,835
6,193
Cash at bank and in hand
2,554
1,764
506,447
366,534
Creditors: amounts falling due within one year
4
(424,347)
(289,960)
Net current assets
82,100
76,574
Creditors: amounts falling due after more than one year
5
(75,221)
(75,221)
Net assets
6,879
1,353
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
6,779
1,253
Total equity
6,879
1,353

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 18 February 2025
Lian Mao
Director
Company registration number 09503831 (England and Wales)
ALLIANCE ELECTRICAL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Alliance Electrical Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is 263 Centenary Plaza, 18 Holliday Street, Birmingham, UK, B1 1TS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

 

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ALLIANCE ELECTRICAL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
7
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
143,999
1,277
Other debtors
4,836
4,916
148,835
6,193
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
365,721
248,669
Corporation tax
5,170
1,655
Other taxation and social security
11,916
3,070
Other creditors
41,540
36,566
424,347
289,960
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
75,221
75,221
ALLIANCE ELECTRICAL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
6
Related party transactions
Transactions with related parties

Lianqiang Mao

 

During the year net sales to related parties were as follows:

 

Dekko Distribution Ltd

 

2024: £120,000

 

As at 31 May 2024 the following balances, included in trade Debtors owing within one year, were due from the related company:

 

Dekko Distribution Ltd

 

2024: £144,000

7
Ultimate Controlling Party

The controlling party is Lianqiang Mao.

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