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COMPANY REGISTRATION NUMBER: 10969797
Alliance Facade Services Limited
Filleted Unaudited Financial Statements
Year ending
31 December 2024
Alliance Facade Services Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Alliance Facade Services Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
14,413
10,583
Current assets
Debtors
6
2,427,246
1,498,215
Cash at bank and in hand
3,622,032
2,174,443
------------
------------
6,049,278
3,672,658
Creditors: amounts falling due within one year
7
3,492,510
1,763,567
------------
------------
Net current assets
2,556,768
1,909,091
------------
------------
Total assets less current liabilities
2,571,181
1,919,674
Provisions
3,398
2,646
------------
------------
Net assets
2,567,783
1,917,028
------------
------------
Capital and reserves
Called up share capital
8
2,000
2,000
Profit and loss account
2,565,783
1,915,028
------------
------------
Shareholder funds
2,567,783
1,917,028
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alliance Facade Services Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 11 April 2025 , and are signed on behalf of the board by:
R P Barnes
E F Tobin
Director
Director
Company registration number: 10969797
Alliance Facade Services Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Equipment
-
20 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 13 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 January 2024
3,225
23,985
27,210
Additions
7,124
7,124
-------
--------
--------
At 31 December 2024
3,225
31,109
34,334
-------
--------
--------
Depreciation
At 1 January 2024
2,186
14,441
16,627
Charge for the year
484
2,810
3,294
-------
--------
--------
At 31 December 2024
2,670
17,251
19,921
-------
--------
--------
Carrying amount
At 31 December 2024
555
13,858
14,413
-------
--------
--------
At 31 December 2023
1,039
9,544
10,583
-------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
2,020,090
1,198,800
Prepayments and accrued income
9,928
1,856
Amounts due from a related party
146,219
146,219
Other debtors
251,009
151,340
------------
------------
2,427,246
1,498,215
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,835,724
1,133,111
Accruals and deferred income
1,511,884
504,319
Corporation tax
137,500
119,688
Social security and other taxes
1,962
1,943
Director loan accounts
1,872
1,248
Other creditors
3,568
3,258
------------
------------
3,492,510
1,763,567
------------
------------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2,000
2,000
2,000
2,000
-------
-------
-------
-------
9. Related party transactions
At the year end the company was owed £146,219 (2023 - £146,219) from a related company which is shown amongst debtors. At the year end the company owed the directors £1,872 (2023 - £1,248) which is shown by way of a directors loan account.
10. Controlling party
The ultimate parent undertaking is Alliance Group UK Holdings Limited, a company incorporated in England and Wales.