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REGISTERED NUMBER: 11071103 (England and Wales)















ALMGREN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 MARCH 2024






ALMGREN LIMITED (REGISTERED NUMBER: 11071103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


ALMGREN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MARCH 2024







DIRECTOR: Dr M K Almgren





REGISTERED OFFICE: 34 Maidenburgh Street
Colchester
Essex
CO1 1UB





REGISTERED NUMBER: 11071103 (England and Wales)

ALMGREN LIMITED (REGISTERED NUMBER: 11071103)

BALANCE SHEET
29 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 148,000 185,000
Tangible assets 5 297,735 232,407
445,735 417,407

CURRENT ASSETS
Stocks 8,000 6,500
Debtors 6 92,466 30,617
Cash at bank and in hand 40,308 56,402
140,774 93,519
CREDITORS
Amounts falling due within one year 7 (120,757 ) (101,568 )
NET CURRENT ASSETS/(LIABILITIES) 20,017 (8,049 )
TOTAL ASSETS LESS CURRENT LIABILITIES 465,752 409,358

CREDITORS
Amounts falling due after more than one
year

8

(407,346

)

(385,700

)

PROVISIONS FOR LIABILITIES (27,234 ) (7,678 )
NET ASSETS 31,172 15,980

ALMGREN LIMITED (REGISTERED NUMBER: 11071103)

BALANCE SHEET - continued
29 MARCH 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,072 15,880
31,172 15,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 28 March 2025 and were signed by:





Dr M K Almgren - Director


ALMGREN LIMITED (REGISTERED NUMBER: 11071103)

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


1. STATUTORY INFORMATION

Almgren Limited 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.

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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 2018, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - 4% straight line
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are recognised at amortised cost.


ALMGREN LIMITED (REGISTERED NUMBER: 11071103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 March 2023
and 29 March 2024 370,000
AMORTISATION
At 30 March 2023 185,000
Charge for year 37,000
At 29 March 2024 222,000
NET BOOK VALUE
At 29 March 2024 148,000
At 29 March 2023 185,000

ALMGREN LIMITED (REGISTERED NUMBER: 11071103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 30 March 2023 207,999 47,704 7,131 6,999 269,833
Additions - 82,194 - 1,637 83,831
At 29 March 2024 207,999 129,898 7,131 8,636 353,664
DEPRECIATION
At 30 March 2023 16,000 14,236 4,524 2,666 37,426
Charge for year 3,200 12,562 1,093 1,648 18,503
At 29 March 2024 19,200 26,798 5,617 4,314 55,929
NET BOOK VALUE
At 29 March 2024 188,799 103,100 1,514 4,322 297,735
At 29 March 2023 191,999 33,468 2,607 4,333 232,407

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,097 1,905
Other debtors 79,369 28,712
92,466 30,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,185 38,889
Hire purchase contracts 36,010 -
Trade creditors - 566
Taxation and social security 50,900 60,453
Other creditors 1,662 1,660
120,757 101,568

ALMGREN LIMITED (REGISTERED NUMBER: 11071103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 382,352 385,700
Hire purchase contracts 24,994 -
407,346 385,700

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 281,945 240,957
Hire purchase 24,994 -
306,939 240,957

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 61,004 -
Bank loans 392,869 394,069
453,873 394,069

There are fixed and floating charges in favour of Lloyds Bank PLC over all the property and undertaking of the company.

The hire purchase balances are secured on the assets to which they relate.