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Dudleys Aluminium Limited

Strategic Report, Report of the Directors and

Audited Financial Statements for the Year Ended 31 August 2024






Dudleys Aluminium Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: C C Shorney
N P Jones
S J B Muir
G J Smythe
I P S Toledano


REGISTERED OFFICE: Lamby Way Industrial Estate
Mardy Road
Cardiff
CF3 2EX


REGISTERED NUMBER: 05354013 (England and Wales)


SENIOR STATUTORY
AUDITOR:
Nicholas Matthew Toye FCA


AUDITORS: BPU Limited
Chartered Accountants
Statutory Auditor
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA


BANKERS: Santander UK plc
5-9 Queen Street
Cardiff
CF10 2UD

Dudleys Aluminium Limited (Registered number: 05354013)

Strategic Report
for the Year Ended 31 August 2024


The directors present their strategic report for the year ended 31 August 2024.

BUSINESS REVIEW & FUTURE DEVELOPMENTS

The year to 31st August 2024 has been a transformational period for the business. A significant milestone was the successful completion of a management buyout (MBO) in April 2024, which saw four new board director appointments. This marks an exciting new chapter for Dudleys Aluminium Limited, strengthening leadership and positioning the business for sustained growth.

Sales performance remained strong, with retained profit transferred to reserves continuing to grow the Group's balance sheet. During the year, dividends were paid intergroup to facilitate the MBO. The Directors maintain a prudent approach to financial management, ensuring the Company's capital base remains robust while supporting future investment and expansion.

The business remains committed to reducing its carbon footprint, with continued focus on energy efficiency and sustainability initiatives. Dudleys Aluminium Limited is dedicated to achieving Net Zero emissions by 2050 and is actively implementing its ambitious and practical decarbonisation strategy.

Post-period end, tender enquiries have continued at a high level, and the order book for FY25 and FY26 remains strong, providing a solid foundation for future performance

PRINCIPAL RISKS AND UNCERTAINTIES

Operating within the construction sector there are risks and uncertainties that the company faces on both a daily and an on-going basis. The directors believe these risks can be principally grouped as: Health and Safety risk, Operational risk and Financial risk.

Health and safety risk
The Board recognises its employees and subcontractors work within an industry that faces many potential Health and Safety hazards. In order to mitigate these risks to the fullest possible extent the company makes every effort to ensure that its Health and Safety policies and procedures are of the highest industry leading standard.

Operational risk
As the projects undertaken by the company are often over the medium to long term, contracts may progress in a way that was not anticipated. To mitigate any risks associated with such a scenario, therefore, the company has internal checks and balances throughout each department associated with a projects progression. This ensures that any changes are identified at the earliest possible stage thus enabling effective control and risk management to be maintained.

Financial risk
All work is subject to a formal tendering process. Within this process many criteria are taken into account, including but not exclusively, financial, technical, capability and workload.

The risks associated with each of these stages is assessed and monitored. Close relationships are maintained with all interested parties and there is inter departmental liaison at all stages through a project's duration in order to identify variances at the earliest possible opportunity.


Dudleys Aluminium Limited (Registered number: 05354013)

Strategic Report
for the Year Ended 31 August 2024

The company has detailed and established financial controls to monitor all major financial indicators including, weekly and annual cash flows, monthly internal management accounts and full individual cost tracking for all projects.

KEY PERFORMANCE INDICATORS

The directors use a number of key performance indicators, both financial and non-financial, to monitor the company's position.

THIS REPORT WAS APPROVED BY THE BOARD:





I P S Toledano - Director


22 May 2025

Dudleys Aluminium Limited (Registered number: 05354013)

Report of the Directors
for the Year Ended 31 August 2024


The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of fabrication and installation of architectural aluminium.

DIVIDENDS
The total distribution of dividends for the year ended 31 August 2024 was £505,850 (2023 - £125,000).

DIRECTORS
C C Shorney has held office during the whole of the period from 1 September 2023 to the date of this report.

Other changes in directors holding office are as follows:

R H Cope - resigned 11 April 2024
N P Jones - appointed 11 April 2024
S J B Muir - appointed 11 April 2024
G J Smythe - appointed 11 April 2024
I P S Toledano - appointed 11 April 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Dudleys Aluminium Limited (Registered number: 05354013)

Report of the Directors
for the Year Ended 31 August 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

THIS REPORT WAS APPROVED BY THE BOARD:





I P S Toledano - Director


22 May 2025

Report of the Independent Auditors to the Members of
Dudleys Aluminium Limited


Opinion
We have audited the financial statements of Dudleys Aluminium Limited (the 'company') for the year ended 31 August 2024 which comprise the Profit & Loss Account, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
Dudleys Aluminium Limited


Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Dudleys Aluminium Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risks of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

The laws and regulations that we determined were most significant to the company were the Companies Act, UK corporate tax laws, Health and Safety at Work Act and the Environmental Protection Act.

We obtained an understanding of how the company is complying with those laws and regulations by making enquiries to the management, and corroborated these enquiries through our review of board minutes.

We assessed the susceptibility of the companys financial statements to material misstatement, including how fraud might occur, and did not identify any key audit matters relating to irregularities, including fraud. We assessed the effectiveness of internal controls that management has in place to prevent and detect fraud, including testing of manual journals and evaluating the assumptions and judgements made by management in its significant accounting estimates.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Dudleys Aluminium Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Nicholas Matthew Toye FCA (Senior Statutory Auditor)
for and on behalf of BPU Limited
Chartered Accountants
Statutory Auditor

22 May 2025

Dudleys Aluminium Limited (Registered number: 05354013)

Profit & Loss Account
for the Year Ended 31 August 2024

2024 2023
Notes £    £   

TURNOVER 11,900,817 12,164,619

Cost of sales (8,694,001 ) (9,401,601 )
GROSS PROFIT 3,206,816 2,763,018

Distribution costs (2,041 ) (2,010 )
Administrative expenses (2,314,497 ) (1,992,111 )
OPERATING PROFIT 3 890,278 768,897

Interest receivable & similar income 4 42,177 23,901
932,455 792,798

Interest payable and similar
expenses

5

(1,634

)

(2,800

)
PROFIT BEFORE TAXATION 930,821 789,998

Tax on profit 6 (254,514 ) (194,660 )
PROFIT FOR THE FINANCIAL YEAR 676,307 595,338

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

676,307

595,338

Dudleys Aluminium Limited (Registered number: 05354013)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 8 669,449 748,229
Tangible assets 9 303,086 244,963
Investments 10 53,892 53,892
1,026,427 1,047,084

CURRENT ASSETS
Stocks 11 1,093,458 816,650
Debtors 12 4,117,589 2,902,963
Cash at bank and in hand 1,008,507 1,329,725
6,219,554 5,049,338
CREDITORS
Amounts falling due within one year 13 2,655,472 1,692,005
NET CURRENT ASSETS 3,564,082 3,357,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,590,509

4,404,417

CREDITORS
Amounts falling due after more than
one year

14

(46,788

)

(34,451

)

DEFERRED TAXATION 17 (26,557 ) (23,259 )
NET ASSETS 4,517,164 4,346,707

CAPITAL AND RESERVES
Called up share capital 18 5 5
Retained earnings 4,517,159 4,346,702
SHAREHOLDERS' FUNDS 4,517,164 4,346,707

Dudleys Aluminium Limited (Registered number: 05354013)

Balance Sheet - continued
31 August 2024


The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





I P S Toledano - Director


Dudleys Aluminium Limited (Registered number: 05354013)

Statement of Changes in Equity
for the Year Ended 31 August 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 September 2022 5 3,876,364 3,876,369

Changes in equity
Dividends - (125,000 ) (125,000 )
Total comprehensive income - 595,338 595,338
Balance at 31 August 2023 5 4,346,702 4,346,707

Changes in equity
Dividends - (505,850 ) (505,850 )
Total comprehensive income - 676,307 676,307
Balance at 31 August 2024 5 4,517,159 4,517,164

Dudleys Aluminium Limited (Registered number: 05354013)

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


1. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

This is on the basis that this will be included within the consolidated accounts of AL13 Group Holdings Limited, the ultimate controlling parent.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of Services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:-

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;

-
the stage of completion of the contract at the end of the reporting period can be
measured reliably;
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line
Plant and machinery - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pension costs
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.

Valuation of investments
Investments are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,682,057 1,717,175
Social security costs 173,104 145,631
Other pension costs 183,523 89,117
2,038,684 1,951,923

The average number of employees during the year was as follows:
2024 2023

Administration 27 25
Production 27 27
54 52

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. EMPLOYEES AND DIRECTORS - continued

2024 2023
£    £   
Directors' remuneration 146,846 56,931
Directors' pension contributions to money purchase schemes 99,900 30,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 5 1

Total compensation paid to key management personnel during the year was £149,914 (2023: £330,939)

3. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant & machinery 177,966 198,695
Depreciation - owned assets 68,750 62,134
Profit on disposal of fixed assets (13,811 ) -
Goodwill amortisation 78,780 78,780
Audit fees 12,155 11,025
Other operating lease rentals 203,708 203,708

4. INTEREST RECEIVABLE & SIMILAR INCOME
2024 2023
£    £   
Interest receivable 42,177 23,901

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 1,634 2,800

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 251,216 194,434

Deferred tax 3,298 226
Tax on profit 254,514 194,660

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 930,821 789,998
Profit multiplied by the standard rate of corporation tax in the
UK of 25% (2023 - 21.515%)

232,705

169,968

Effects of:
Expenses not deductible for tax purposes 954 874
Depreciation in excess of capital allowances 17,557 23,592
Deferred taxation 3,298 226
Total tax charge 254,514 194,660

7. DIVIDENDS
2024 2023
£    £   
Ordinary share of £1
Paid 505,850 125,000

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 1,575,415
AMORTISATION
At 1 September 2023 827,186
Amortisation for year 78,780
At 31 August 2024 905,966
NET BOOK VALUE
At 31 August 2024 669,449
At 31 August 2023 748,229

9. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 46,411 440,129 28,150
Additions - 28,050 -
Disposals - - -
At 31 August 2024 46,411 468,179 28,150
DEPRECIATION
At 1 September 2023 24,850 334,983 10,224
Charge for year 4,641 23,260 2,512
Eliminated on disposal - - -
At 31 August 2024 29,491 358,243 12,736
NET BOOK VALUE
At 31 August 2024 16,920 109,936 15,414
At 31 August 2023 21,561 105,146 17,926

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


9. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 154,171 24,907 693,768
Additions 128,025 4,987 161,062
Disposals (82,670 ) - (82,670 )
At 31 August 2024 199,526 29,894 772,160
DEPRECIATION
At 1 September 2023 68,354 10,394 448,805
Charge for year 36,067 2,270 68,750
Eliminated on disposal (48,481 ) - (48,481 )
At 31 August 2024 55,940 12,664 469,074
NET BOOK VALUE
At 31 August 2024 143,586 17,230 303,086
At 31 August 2023 85,817 14,513 244,963

The net book value of assets held under finance leases or hire purchase contracts are £143,585 (2023 £93,603).

10. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 186,608 32,400 219,008
PROVISIONS
At 1 September 2023
and 31 August 2024 159,116 6,000 165,116
NET BOOK VALUE
At 31 August 2024 27,492 26,400 53,892
At 31 August 2023 27,492 26,400 53,892

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


11. STOCKS
2024 2023
£    £   
Stocks 1,093,458 816,650

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 505,065 673,418
Amounts owed by group undertakings 1,000,000 816,276
Other debtors 2,453,776 1,318,534
VAT 158,748 94,735
4,117,589 2,902,963

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15)
25,701

27,336
Trade creditors 1,918,519 751,686
Corporation tax 251,215 194,433
Social security and other taxes 45,148 36,196
Other creditors 59,000 72,623
Directors' loan accounts 116 35,363
Accrued expenses 355,773 574,368
2,655,472 1,692,005

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15)
41,788

6,701
Other creditors 5,000 27,750
46,788 34,451

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 25,701 27,336
Between one and five years 41,788 6,701
67,489 34,037

Non-cancellable operating leases
2024 2023
£    £   
Within one year 184,632 162,933
Between one and five years 246,226 336,142
430,858 499,075

16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 67,489 34,037

The hire purchase contracts are secured over the assets to which they relate.

17. DEFERRED TAXATION
2024 2023
£    £   
Deferred tax 26,557 23,259

Deferred
tax
£   
Balance at 1 September 2023 23,259
Provided during year 3,298
Balance at 31 August 2024 26,557

Dudleys Aluminium Limited (Registered number: 05354013)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


17. DEFERRED TAXATION - continued

The deferred taxation element relates to accelerated capital allowances.

18. CALLED UP SHARE CAPITAL

2024 2023
£    £   
Allotted, called up and partly paid
Ordinary shares of £1 each 1 1
B shares of £1 each 1 1
C shares of £1 each 1 1
D shares of £1 each 1 1
E shares of £1 each 1 1
5 5

19. RELATED PARTY DISCLOSURES

All directors act as a trustee to the pension fund. Rent of £139,400 (2023: £139,400) was paid to the pension fund in the year and at year end a balance of £NIL (2023: £NIL) is held in trade creditors.

20. ULTIMATE CONTROLLING PARTY

The Company's ultimate controlling party is AL13 Group Holdings Limited, a company incorporated in England and Wales with its registered office at Lamby Industrial Estate, Mardy Road CF3 2EX.