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REGISTERED NUMBER: 10318241 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Almond Financial Ltd

Almond Financial Ltd (Registered number: 10318241)






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


Almond Financial Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S Robinson
Mrs E L Ashby





REGISTERED OFFICE: Unit J1, First Floor
The Point
Weaver Road
Lincoln
LN6 3QN





REGISTERED NUMBER: 10318241 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Almond Financial Ltd (Registered number: 10318241)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 515,047 169,305
Tangible assets 5 218,589 219,734
733,636 389,039

CURRENT ASSETS
Stocks 50,000 -
Debtors 6 91,683 185,769
Cash at bank 925,031 81,562
1,066,714 267,331
CREDITORS
Amounts falling due within one year 7 167,642 167,679
NET CURRENT ASSETS 899,072 99,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,632,708

488,691

CREDITORS
Amounts falling due after more than one
year

8

(1,556,670

)

(235,631

)

PROVISIONS FOR LIABILITIES (52,986 ) (41,445 )
NET ASSETS 23,052 211,615

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 22,952 211,515
SHAREHOLDERS' FUNDS 23,052 211,615

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 15 January 2025 and were signed on its behalf by:



S Robinson - Director


Almond Financial Ltd (Registered number: 10318241)

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

1. STATUTORY INFORMATION

Almond Financial 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition various businesses, is being amortised
evenly over its estimated useful life of ten 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Almond Financial Ltd (Registered number: 10318241)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023 182,250 15,840 198,090
Additions 360,900 - 360,900
At 31 August 2024 543,150 15,840 558,990
AMORTISATION
At 1 September 2023 18,225 10,560 28,785
Charge for year 9,878 5,280 15,158
At 31 August 2024 28,103 15,840 43,943
NET BOOK VALUE
At 31 August 2024 515,047 - 515,047
At 31 August 2023 164,025 5,280 169,305

Almond Financial Ltd (Registered number: 10318241)

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

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 September 2023 1,625 - 2,049
Additions - 5,358 -
Disposals - - -
At 31 August 2024 1,625 5,358 2,049
DEPRECIATION
At 1 September 2023 23 - 1,217
Charge for year 270 45 167
Eliminated on disposal - - -
At 31 August 2024 293 45 1,384
NET BOOK VALUE
At 31 August 2024 1,332 5,313 665
At 31 August 2023 1,602 - 832

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 63,770 214,728 22,397 304,569
Additions 7,136 34,250 7,632 54,376
Disposals (4,230 ) (46,000 ) (3,268 ) (53,498 )
At 31 August 2024 66,676 202,978 26,761 305,447
DEPRECIATION
At 1 September 2023 10,403 60,691 12,501 84,835
Charge for year 10,988 4,282 7,004 22,756
Eliminated on disposal (3,096 ) (14,644 ) (2,993 ) (20,733 )
At 31 August 2024 18,295 50,329 16,512 86,858
NET BOOK VALUE
At 31 August 2024 48,381 152,649 10,249 218,589
At 31 August 2023 53,367 154,037 9,896 219,734


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,411 14,990
Other debtors 71,272 170,779
91,683 185,769

Almond Financial Ltd (Registered number: 10318241)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 5,669
Hire purchase contracts - 18,792
Trade creditors 11,802 13,932
Taxation and social security 60,707 51,087
Other creditors 95,133 78,199
167,642 167,679

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 19,451
Hire purchase contracts - 128,462
Other creditors 1,556,670 87,718
1,556,670 235,631

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary A £1 98 98
2 Ordinary B £1 2 2
100 100

10. OPERATING LEASE COMMITMENTS

At 31 August 2024, the company had outstanding commitments for future minimum lease payments under operating leases, which fall due as follows:

2024 2023
£ £

Within one year 4,359 -
Between two and five years 11,988 -
16,347 -