Company registration number 01165522 (England and Wales)
R & B H ALDERSON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
R & B H ALDERSON LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
R & B H ALDERSON LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
397
404
Tangible assets
4
221,148
225,525
221,545
225,929
Current assets
Stocks
38,000
35,099
Debtors
5
140,175
202,198
Cash at bank and in hand
267,749
350,464
445,924
587,761
Creditors: amounts falling due within one year
6
(298,587)
(357,442)
Net current assets
147,337
230,319
Total assets less current liabilities
368,882
456,248
Creditors: amounts falling due after more than one year
7
(38,179)
(51,512)
Provisions for liabilities
(23,787)
(23,185)
Net assets
306,916
381,551
Capital and reserves
Called up share capital
1,793
1,793
Revaluation reserve
117,852
120,790
Capital redemption reserve
5,848
5,848
Profit and loss reserves
181,423
253,120
Total equity
306,916
381,551
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R & B H ALDERSON LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 12 May 2025
Mr G Alderson
Director
Company registration number 01165522 (England and Wales)
R & B H ALDERSON LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2023
1,793
123,728
5,848
217,729
349,098
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
-
121,453
121,453
Dividends
-
-
-
(89,000)
(89,000)
Transfers
-
(2,938)
-
2,938
-
Balance at 31 March 2024
1,793
120,790
5,848
253,120
381,551
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
-
5,365
5,365
Dividends
-
-
-
(80,000)
(80,000)
Transfers
-
(2,938)
-
2,938
-
Balance at 31 March 2025
1,793
117,852
5,848
181,423
306,916
R & B H ALDERSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information
R & B H Alderson Limited is a private company limited by shares incorporated in England and Wales. The registered office is Whitehouse Lane, Ushaw Moor, County Durham, DH7 7LE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is presumed not to exceed five years.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Lease
Over the lease period of 100 years
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
R & B H ALDERSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold Property
2% straight line
Plant and equipment
10% reducing balance
Motor vehicles
25% reducing balance
1.6
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.7
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.8
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.9
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.10
Retirement benefits
The company operates a defined contribution pension scheme for employees and directors. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
R & B H ALDERSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.11
Leases and hire purchase contracts
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases and hire purchase contracts are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
1.12
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
28
28
3
Intangible fixed assets
Goodwill
Lease
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
1,989
750
2,739
Amortisation and impairment
At 1 April 2024
1,989
346
2,335
Amortisation charged for the year
7
7
At 31 March 2025
1,989
353
2,342
Carrying amount
At 31 March 2025
397
397
At 31 March 2024
404
404
R & B H ALDERSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Tangible fixed assets
Freehold Property
Plant and equipment
Motor vehicles
Total
£
£
£
£
Cost or valuation
At 1 April 2024
180,000
67,669
141,538
389,207
Additions
2,341
21,995
24,336
Disposals
(13,491)
(13,491)
At 31 March 2025
180,000
70,010
150,042
400,052
Depreciation and impairment
At 1 April 2024
50,400
46,834
66,448
163,682
Depreciation charged in the year
3,600
2,158
21,780
27,538
Eliminated in respect of disposals
(12,316)
(12,316)
At 31 March 2025
54,000
48,992
75,912
178,904
Carrying amount
At 31 March 2025
126,000
21,018
74,130
221,148
At 31 March 2024
129,600
20,835
75,090
225,525
Freehold property was revalued to £180,000 on 8 June 2010. The valuation was carried out by J.D. Storey and Co, Chartered Valuation Surveyors. This valuation has been carried forward as a deemed cost.
Freehold property
2025
2024
£
£
Cost
33,100
33,100
Accumulated depreciation
(24,787)
(24,290)
Carrying value
8,313
8,810
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,226
76,299
Other debtors
131,949
125,899
140,175
202,198
R & B H ALDERSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
15,000
15,001
Obligations under finance leases and hire purchase agreements
16,828
12,428
Trade creditors
177,902
178,817
Corporation tax
3,282
38,871
Other taxation and social security
63,766
80,012
Other creditors
452
7,506
Accruals and deferred income
21,357
24,807
298,587
357,442
Hire purchase agreements are secured against the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
16,820
32,021
Obligations under finance leases and hire purchase agreements
21,359
19,491
38,179
51,512
Hire purchase agreements are secured against the assets to which they relate.