Company Registration No. SC495168 (Scotland)
Alloy Rims Ltd
Unaudited accounts
for the year ended 30 June 2024
Alloy Rims Ltd
Unaudited accounts
Contents
Alloy Rims Ltd
Company Information
for the year ended 30 June 2024
Company Number
SC495168 (Scotland)
Registered Office
1 The Green
Castle Drive
Sundrum
Ayr
Ayrshire
KA6 5JG
Scotland
Accountants
Fletcher and Banks Accountants Ltd
32 Moorfield Road
Prestwick
KA9 2HW
Alloy Rims Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
12,605
1,703
Creditors: amounts falling due within one year
(14,530)
(49,466)
Net current assets
20,329
20,249
Total assets less current liabilities
20,329
29,467
Creditors: amounts falling due after more than one year
(7,333)
(17,750)
Called up share capital
100
100
Profit and loss account
12,896
11,617
Shareholders' funds
12,996
11,717
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
Douglas Duffy
Director
Company Registration No. SC495168
Alloy Rims Ltd
Notes to the Accounts
for the year ended 30 June 2024
Alloy Rims Ltd is a private company, limited by shares, registered in Scotland, registration number SC495168. The registered office is 1 The Green, Castle Drive, Sundrum, Ayr, Ayrshire, KA6 5JG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
11,295
503
11,798
Disposals
(9,000)
-
(9,000)
At 30 June 2024
2,295
503
2,798
At 1 July 2023
2,335
245
2,580
Charge for the year
(40)
258
218
At 30 June 2024
2,295
503
2,798
At 30 June 2023
8,960
258
9,218
Alloy Rims Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
11,528
2,156
Other debtors
8,679
65,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,417
13,000
Taxes and social security
4,113
2,859
Loans from directors
-
32,727
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).