5 5 Allards International Limited SC209809 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is The principal activity of the company during the year continued to be the supply of heat exchangers for the oil and gas industry. Digita Accounts Production Advanced 6.30.9574.0 true SC209809 2023-09-01 2024-08-31 SC209809 2024-08-31 SC209809 bus:Director2 1 2024-08-31 SC209809 core:CurrentFinancialInstruments 2024-08-31 SC209809 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC209809 core:FurnitureFittingsToolsEquipment 2024-08-31 SC209809 core:MotorVehicles 2024-08-31 SC209809 bus:SmallEntities 2023-09-01 2024-08-31 SC209809 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC209809 bus:FilletedAccounts 2023-09-01 2024-08-31 SC209809 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC209809 bus:RegisteredOffice 2023-09-01 2024-08-31 SC209809 bus:Director2 2023-09-01 2024-08-31 SC209809 bus:Director2 1 2023-09-01 2024-08-31 SC209809 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC209809 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 SC209809 core:MotorVehicles 2023-09-01 2024-08-31 SC209809 core:OfficeEquipment 2023-09-01 2024-08-31 SC209809 countries:Scotland 2023-09-01 2024-08-31 SC209809 2023-08-31 SC209809 bus:Director2 1 2023-08-31 SC209809 core:FurnitureFittingsToolsEquipment 2023-08-31 SC209809 core:MotorVehicles 2023-08-31 SC209809 2022-09-01 2023-08-31 SC209809 2023-08-31 SC209809 bus:Director2 1 2023-08-31 SC209809 core:CurrentFinancialInstruments 2023-08-31 SC209809 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 SC209809 core:FurnitureFittingsToolsEquipment 2023-08-31 SC209809 core:MotorVehicles 2023-08-31 SC209809 bus:Director2 1 2022-09-01 2023-08-31 SC209809 bus:Director2 1 2022-08-31 xbrli:pure iso4217:GBP

Registration number: SC209809

Allards International Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Allards International Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Allards International Limited

(Registration number: SC209809)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,777

8,669

Current assets

 

Stocks

-

166,750

Debtors

5

186,286

59,875

Cash at bank and in hand

 

541,735

333,227

 

728,021

559,852

Creditors: Amounts falling due within one year

6

(205,044)

(72,467)

Net current assets

 

522,977

487,385

Net assets

 

529,754

496,054

Capital and reserves

 

Called up share capital

2

2

Retained earnings

529,752

496,052

Shareholders' funds

 

529,754

496,054

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
 

Director 's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Allards International Limited

(Registration number: SC209809)
Statement of Financial Position as at 31 August 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.


These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 23 May 2025

.........................................
Mr O Sucquart
Director

 

Allards International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
1st Floor Office
Westway Enterprise Centre
Peasiehill Road
Arbroath
DD11 2NJ

These financial statements were authorised for issue by the director on 23 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

The Company recognises revenue when:
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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Allards International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

Reducing Balance - 25%

Computer & Office Equipment

Reducing Balance - 15%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Allards International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 5 (2023 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

4,343

24,899

29,242

At 31 August 2024

4,343

24,899

29,242

Depreciation

At 1 September 2023

1,583

18,990

20,573

Charge for the year

414

1,478

1,892

At 31 August 2024

1,997

20,468

22,465

Carrying amount

At 31 August 2024

2,346

4,431

6,777

At 31 August 2023

2,760

5,909

8,669

 

Allards International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Debtors

2024
£

2023
£

Trade debtors

165,229

34,553

Prepayments

9,631

9,631

Other debtors

11,426

15,691

186,286

59,875

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

24,534

59,846

Taxation and social security

143,489

4,671

Accruals and deferred income

35,006

7,006

Other creditors

2,015

944

205,044

72,467

 

Allards International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Related party transactions

Transactions with the Director

2024

At 1 September 2023
£

Advances to Director
£

Repayments by Director
£

At 31 August 2024
£

Mr O Sucquart

Director's loan account

15,060

11,154

(15,418)

10,796

2023

At 1 September 2022
£

Advances to Director
£

Repayments by Director
£

At 31 August 2023
£

Mr O Sucquart

Director's loan account

21,020

5,835

(11,794)

15,060