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REGISTERED NUMBER: 02883166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ALUSEC UK LIMITED

ALUSEC UK LIMITED (REGISTERED NUMBER: 02883166)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALUSEC UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr J R Armitage
Mr R L Sutton



SECRETARY: Mr J R Armitage



REGISTERED OFFICE: Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



REGISTERED NUMBER: 02883166 (England and Wales)



ACCOUNTANTS: Reed Smith Accountancy Limited
Chartered Certified Accountants
Copia House
Great Cliffe Court
Great Cliffe Road
Barnsley
South Yorkshire
S75 3SP



BANKERS: National Westminster Bank Plc
42 High Street
Sheffield
South Yorkshire
S1 2GE

ALUSEC UK LIMITED (REGISTERED NUMBER: 02883166)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,630 18,006

CURRENT ASSETS
Inventories 48,765 87,842
Debtors 5 685,907 475,824
Cash at bank and in hand 112,902 225,055
847,574 788,721
CREDITORS
Amounts falling due within one year 6 473,446 438,033
NET CURRENT ASSETS 374,128 350,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

387,758

368,694

CREDITORS
Amounts falling due after more than one
year

7

(83,333

)

(133,333

)

PROVISIONS FOR LIABILITIES (3,176 ) (4,117 )
NET ASSETS 301,249 231,244

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 301,247 231,242
SHAREHOLDERS' FUNDS 301,249 231,244

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

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

ALUSEC UK LIMITED (REGISTERED NUMBER: 02883166)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


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 6 December 2024 and were signed on its behalf by:





Mr J R Armitage - Director


ALUSEC UK LIMITED (REGISTERED NUMBER: 02883166)

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

1. STATUTORY INFORMATION

Alusec UK 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 10 years, Straight line over 5 years and Straight line over 4 years

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

ALUSEC UK LIMITED (REGISTERED NUMBER: 02883166)

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

2. ACCOUNTING POLICIES - continued

Construction contracts
The company sells building services to the construction industry. When the outcome of a transaction for the
rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion, the
company recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion as a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 159,598
Additions 3,139
At 31 August 2024 162,737
DEPRECIATION
At 1 September 2023 141,592
Charge for year 7,515
At 31 August 2024 149,107
NET BOOK VALUE
At 31 August 2024 13,630
At 31 August 2023 18,006

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 615,326 404,747
Other debtors 70,581 71,077
685,907 475,824

ALUSEC UK LIMITED (REGISTERED NUMBER: 02883166)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 311,695 284,988
Taxation and social security 90,589 54,605
Other creditors 21,162 48,440
473,446 438,033

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 83,333 133,333

8. RELATED PARTY DISCLOSURES

Cost of sales include £420,648 (2023: £490,965) of purchases from Alusec Architectural Aluminium Limited.

Administrative expenses include £32,400 (2023: £28,325) of charges from Alusec Architectural Aluminium Limited.

Creditors: amounts falling due within one year includes £4,473 (2023: £12,949) due to Alusec Architectural Aluminium Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Green Moor Holdings Limited.

The ultimate controlling party is Mr J R Armitage.