Registered number
SC284549
Algas Medical Installations Limited
Filleted Accounts
30 April 2024
Algas Medical Installations Limited
Registered number: SC284549
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 90,000 117,000
Tangible assets 4 299,683 250,413
389,683 367,413
Current assets
Stocks 17,505 24,000
Debtors 5 897,495 1,108,254
Cash at bank and in hand 4,894 -
Algas Med 00278745 63,428 19,882
Algas Med 00278753 123,036 149,973
Algas Res 00161546 2,574 615
1,108,932 1,302,724
Creditors: amounts falling due within one year 6 (420,188) (517,403)
Net current assets 688,744 785,321
Total assets less current liabilities 1,078,427 1,152,734
Creditors: amounts falling due after more than one year 7 (235,439) (119,608)
Net assets 842,988 1,033,126
Capital and reserves
Called up share capital 4 4
Profit and loss account 842,984 1,033,122
Shareholders' funds 842,988 1,033,126
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.
A McNicol
Director
Approved by the board on 24 April 2025
Algas Medical Installations Limited
Notes to the Accounts
for the year ended 30 April 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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 22 22
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 146,099
At 30 April 2024 146,099
Amortisation
At 1 May 2023 29,099
Provided during the year 27,000
At 30 April 2024 56,099
Net book value
At 30 April 2024 90,000
At 30 April 2023 117,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 8,500 55,221 348,492 412,213
Additions - 809 173,550 174,359
Disposals - - (104,371) (104,371)
At 30 April 2024 8,500 56,030 417,671 482,201
Depreciation
At 1 May 2023 2,125 36,027 123,648 161,800
Charge for the year 1,594 4,840 91,375 97,809
On disposals - - (77,091) (77,091)
At 30 April 2024 3,719 40,867 137,932 182,518
Net book value
At 30 April 2024 4,781 15,163 279,739 299,683
At 30 April 2023 6,375 19,194 224,844 250,413
5 Debtors 2024 2023
£ £
Trade debtors 569,616 390,914
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 183,692
Retentions 43,571 47,807
Prepayments 1,487 1,487
Inter Company Debtor - NE 361,143 293,228
Inter Company Debtor - AC (57,352) 65,595
Inter Company Debtor - GM - 2,042
Inter Company Debtor - MIM (47,964) -
VAT - 123,152
Directors Loan 26,994 337
897,495 1,108,254
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,542 38,098
Trade creditors 333,266 419,503
Accruals 8,000 4,850
Taxation and social security costs 13,396 52,952
VAT 45,984 -
Directors Loan 2,000 2,000
420,188 517,403
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 235,439 119,608
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Alistair McNicol
337 7,194 7,531
Mrs Maureen McNicol 12,654
Mr Barry McNicol 7,147
337 26,995 - 7,531
9 Other information
Algas Medical Installations Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Unit 23 Birch Road
Broadmeadow Industrial Estate
Dumbarton
G82 2RE
Algas Medical Installations Limited SC284549 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts April 2025 A McNicol No description of principal activity SC284549 2022-05-01 2023-04-30 SC284549 core:WithinOneYear 2023-04-30 SC284549 core:AfterOneYear 2023-04-30 SC284549 core:ShareCapital 2023-04-30 SC284549 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC284549 2023-05-01 2024-04-30 SC284549 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC284549 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC284549 bus:Director40 2023-05-01 2024-04-30 SC284549 core:Goodwill 2023-05-01 2024-04-30 SC284549 core:LandBuildings 2023-05-01 2024-04-30 SC284549 core:PlantMachinery 2023-05-01 2024-04-30 SC284549 core:Vehicles 2023-05-01 2024-04-30 SC284549 bus:Director1 2023-05-01 2024-04-30 SC284549 bus:Director1 1 2023-05-01 2024-04-30 SC284549 bus:Director2 2023-05-01 2024-04-30 SC284549 bus:Director3 2023-05-01 2024-04-30 SC284549 countries:England 2023-05-01 2024-04-30 SC284549 bus:FRS102 2023-05-01 2024-04-30 SC284549 bus:FilletedAccounts 2023-05-01 2024-04-30 SC284549 2024-04-30 SC284549 core:WithinOneYear 2024-04-30 SC284549 core:AfterOneYear 2024-04-30 SC284549 core:ShareCapital 2024-04-30 SC284549 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC284549 core:Goodwill 2024-04-30 SC284549 core:LandBuildings 2024-04-30 SC284549 core:PlantMachinery 2024-04-30 SC284549 core:Vehicles 2024-04-30 SC284549 bus:Director1 1 2024-04-30 SC284549 2023-04-30 SC284549 core:Goodwill 2023-04-30 SC284549 core:LandBuildings 2023-04-30 SC284549 core:PlantMachinery 2023-04-30 SC284549 core:Vehicles 2023-04-30 SC284549 bus:Director1 1 2023-04-30 iso4217:GBP xbrli:pure