IRIS Accounts Production v24.3.2.46 00331072 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003310722023-12-31003310722024-12-31003310722024-01-012024-12-31003310722022-12-31003310722023-01-012023-12-31003310722023-12-3100331072ns15:EnglandWales2024-01-012024-12-3100331072ns14:PoundSterling2024-01-012024-12-3100331072ns10:Director12024-01-012024-12-3100331072ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100331072ns10:SmallEntities2024-01-012024-12-3100331072ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100331072ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100331072ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100331072ns10:FullAccounts2024-01-012024-12-3100331072ns10:OrdinaryShareClass12024-01-012024-12-3100331072ns10:Director22024-01-012024-12-3100331072ns10:Director32024-01-012024-12-3100331072ns10:RegisteredOffice2024-01-012024-12-3100331072ns5:CurrentFinancialInstruments2024-12-3100331072ns5:CurrentFinancialInstruments2023-12-3100331072ns5:ShareCapital2024-12-3100331072ns5:ShareCapital2023-12-3100331072ns5:SharePremium2024-12-3100331072ns5:SharePremium2023-12-3100331072ns5:RevaluationReserve2024-12-3100331072ns5:RevaluationReserve2023-12-3100331072ns5:RetainedEarningsAccumulatedLosses2024-12-3100331072ns5:RetainedEarningsAccumulatedLosses2023-12-3100331072ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3100331072ns5:PlantMachinery2024-01-012024-12-3100331072ns5:FurnitureFittings2024-01-012024-12-3100331072ns5:MotorVehicles2024-01-012024-12-3100331072ns5:LandBuildings2023-12-3100331072ns5:PlantMachinery2023-12-3100331072ns5:FurnitureFittings2023-12-3100331072ns5:MotorVehicles2023-12-3100331072ns5:LandBuildings2024-01-012024-12-3100331072ns5:LandBuildings2024-12-3100331072ns5:PlantMachinery2024-12-3100331072ns5:FurnitureFittings2024-12-3100331072ns5:MotorVehicles2024-12-3100331072ns5:LandBuildings2023-12-3100331072ns5:PlantMachinery2023-12-3100331072ns5:FurnitureFittings2023-12-3100331072ns5:MotorVehicles2023-12-3100331072ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100331072ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100331072ns5:CurrentFinancialInstruments2024-01-012024-12-3100331072ns5:Secured2024-12-3100331072ns5:Secured2023-12-3100331072ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 00331072 (England and Wales)












ALUMINIUM PRODUCTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






ALUMINIUM PRODUCTS LIMITED (REGISTERED NUMBER: 00331072)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALUMINIUM PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr M R Prosser
Mr M Laker
Mrs G E Steventon





REGISTERED OFFICE: Haines Street
Spon Lane
West Bromwich
West Midlands
B70 7DA





REGISTERED NUMBER: 00331072 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

ALUMINIUM PRODUCTS LIMITED (REGISTERED NUMBER: 00331072)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 339,690 337,313

CURRENT ASSETS
Stocks 301,922 333,763
Debtors 5 386,456 377,247
Cash at bank 3,595 83
691,973 711,093
CREDITORS
Amounts falling due within one year 6 313,645 364,374
NET CURRENT ASSETS 378,328 346,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,018

684,032

CAPITAL AND RESERVES
Called up share capital 8 9,000 9,000
Share premium 6,000 6,000
Revaluation reserve 9 134,127 134,127
Retained earnings 568,891 534,905
SHAREHOLDERS' FUNDS 718,018 684,032

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:




Mrs G E Steventon - Director


ALUMINIUM PRODUCTS LIMITED (REGISTERED NUMBER: 00331072)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Aluminium Products 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.

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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

The company recognises revenue when:
the entity has transferred to the buyer the significant risks and rewards of ownership of the goods;
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the company's activities.

Revenue from the sale of goods is recognised when the goods are physically delivered to the customer.

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 - 2.5% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowances for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ALUMINIUM PRODUCTS LIMITED (REGISTERED NUMBER: 00331072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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 28 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 212,930 397,327 26,667 22,325 659,249
Additions 1,278 24,550 37 - 25,865
Disposals - - (795 ) - (795 )
At 31 December 2024 214,208 421,877 25,909 22,325 684,319
DEPRECIATION
At 1 January 2024 3,719 285,864 23,311 9,042 321,936
Charge for year 1,589 17,691 2,216 1,992 23,488
Eliminated on disposal - - (795 ) - (795 )
At 31 December 2024 5,308 303,555 24,732 11,034 344,629
NET BOOK VALUE
At 31 December 2024 208,900 118,322 1,177 11,291 339,690
At 31 December 2023 209,211 111,463 3,356 13,283 337,313

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 379,828 373,508
Other debtors 6,628 3,739
386,456 377,247

ALUMINIUM PRODUCTS LIMITED (REGISTERED NUMBER: 00331072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 137,727 135,387
Hire purchase contracts - 3,849
Trade creditors 83,215 90,257
Taxation and social security 38,946 33,727
Other creditors 53,757 101,154
313,645 364,374

At 31 December 2024 there were 15,000 preference shares with a nominal value of £15,000 (2022: £15,000). The shares carry no voting rights.

The preference shares carry the right to a fixed cumulative dividend of 6% per annum, which is payable in priority to any other payment of dividend on any other class of shares.

On a winding up of the company, the holders of the preference shares have a right to receive the amount paid up on each share in priority to any other class of shares on any return of capital in addition to any arrears or accruals of the fixed dividend.

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 137,727 135,387

The bank overdrafts are secured via a fixed charge over all present and future freehold property and leasehold property, a fixed charge over book and other debts, chattels and goodwill, both present and future, and a floating charge over all other assets and undertakings, both present and future.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,000 Ordinary £1 9,000 9,000

9. RESERVES

Share Premium
This reserve represents the premium paid for the ordinary shares in excess of the nominal value.

Revaluation Reserve
This reserve represents the revaluation uplift on tangible fixed assets.