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REGISTERED NUMBER: 12163327 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE ALTGRAIN COMPANY LTD

THE ALTGRAIN COMPANY LTD (REGISTERED NUMBER: 12163327)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE ALTGRAIN COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A Hall
B A Hall





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-On-Sea
SS1 1BD





BUSINESS ADDRESS: 45 Cambridge Road
Southend-on-Sea
Essex
SS1 1ET





REGISTERED NUMBER: 12163327 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

THE ALTGRAIN COMPANY LTD (REGISTERED NUMBER: 12163327)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 18,817 16,297

CURRENT ASSETS
Stocks 2,218 1,940
Debtors 5 3,576 3,933
Cash at bank 2,754 38
8,548 5,911
CREDITORS
Amounts falling due within one year 6 57,434 37,855
NET CURRENT LIABILITIES (48,886 ) (31,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,069

)

(15,647

)

CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Retained earnings (80,069 ) (65,647 )
SHAREHOLDERS' FUNDS (30,069 ) (15,647 )

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





A Hall - Director


THE ALTGRAIN COMPANY LTD (REGISTERED NUMBER: 12163327)

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

1. STATUTORY INFORMATION

The Altgrain Company Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover 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 - 10% on reducing balance
Production equipment - 10% on cost
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
Notwithstanding the deficiency of net current assets at the year end as shown in the balance sheet, the directors are confident the company can continue as a going concern on the basis of their continued financial support to the company.

3. EMPLOYEES AND DIRECTORS

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

THE ALTGRAIN COMPANY LTD (REGISTERED NUMBER: 12163327)

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

4. TANGIBLE FIXED ASSETS
Plant and Production Computer
machinery equipment equipment Totals
£    £    £    £   
COST
At 1 September 2023 5,299 17,406 477 23,182
Additions - 4,665 - 4,665
At 31 August 2024 5,299 22,071 477 27,847
DEPRECIATION
At 1 September 2023 1,796 4,737 352 6,885
Charge for year 350 1,733 62 2,145
At 31 August 2024 2,146 6,470 414 9,030
NET BOOK VALUE
At 31 August 2024 3,153 15,601 63 18,817
At 31 August 2023 3,503 12,669 125 16,297

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 3,576 3,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 953 921
Other creditors 56,481 36,934
57,434 37,855

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50,000 Ordinary £1 50,000 50,000