Registered number
10522082
ALD GROUP LIMITED
Abridged Accounts
31 December 2024
ALD GROUP LIMITED
Registered number: 10522082
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 166,450 102,960
Current assets
Debtors 4 168,557 103,060
Cash at bank and in hand 81,348 154,997
249,905 258,057
Creditors: amounts falling due within one year 5 (156,995) (126,294)
Net current assets 92,910 131,763
Total assets less current liabilities 259,360 234,723
Creditors: amounts falling due after more than one year 6 (14,893) (23,121)
Net assets 244,467 211,602
Capital and reserves
Called up share capital 100 100
Profit and loss account 244,367 211,502
Shareholders' funds 244,467 211,602
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. A.V. Turner
Director
Approved by the board on 26 March 2025
ALD GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & equipment over 4 years
Motor vehicles 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 41 41
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 12,240 69,385 88,925 170,550
Additions 63,495 45,575 11,990 121,060
Disposals - (15,398) (43,946) (59,344)
At 31 December 2024 75,735 99,562 56,969 232,266
Depreciation
At 1 January 2024 2,550 39,652 25,388 67,590
Charge for the year 2,216 9,248 7,414 18,878
On disposals - (6,171) (14,481) (20,652)
At 31 December 2024 4,766 42,729 18,321 65,816
Net book value
At 31 December 2024 70,969 56,833 38,648 166,450
At 31 December 2023 9,690 29,733 63,537 102,960
4 Debtors 2024 2023
£ £
Trade debtors 29,056 27,257
Other debtors 139,501 75,803
168,557 103,060
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 25,025 500
Obligations under finance lease and hire purchase contracts 12,393 17,229
Trade creditors 26,263 5,565
Taxation and social security costs 81,219 91,204
Other creditors 12,095 11,796
156,995 126,294
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 14,893 23,121
7 Other information
ALD GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Fox Dene View
Greenside
Ryton
Tyne & Wear
NE40 4LS
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