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AL13 Group Holdings Limited

Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements

for the Period 27 February 2024 to 31 August 2024






AL13 Group Holdings Limited

Company Information
for the Period 27 February 2024 to 31 August 2024







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


REGISTERED OFFICE: C/o Dudleys Aluminium Ltd Lamby Industri
Mardy Road
Cardiff
United Kingdom
CF3 2EX


REGISTERED NUMBER: 15526665 (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

AL13 Group Holdings Limited (Registered number: 15526665)

Group Strategic Report
for the Period 27 February 2024 to 31 August 2024


The directors present their strategic report of the company and the group for the period 27 February 2024 to 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.


AL13 Group Holdings Limited (Registered number: 15526665)

Group Strategic Report
for the Period 27 February 2024 to 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 Shorney Toledano - Director


27 May 2025

AL13 Group Holdings Limited (Registered number: 15526665)

Report of the Directors
for the Period 27 February 2024 to 31 August 2024


The directors present their report with the financial statements of the company and the group for the period 27 February 2024 to 31 August 2024.

INCORPORATION
The group was incorporated on 27 February 2024 and commenced trading on the same date.

DIVIDENDS
No dividends will be distributed for the period ended 31 August 2024.

DIRECTORS
The directors who have held office during the period from 27 February 2024 to the date of this report are as follows:

I P Shorney Toledano - appointed 27 February 2024
S J B Muir - appointed 27 February 2024
N P Jones - appointed 27 February 2024
C C Shorney - appointed 27 February 2024
G J Smythe - appointed 27 February 2024

All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AL13 Group Holdings Limited (Registered number: 15526665)

Report of the Directors
for the Period 27 February 2024 to 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 group'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 group's auditors are aware of that information.

THIS REPORT WAS APPROVED BY THE BOARD:





I P Shorney Toledano - Director


27 May 2025

Report of the Independent Auditors to the Members of
AL13 Group Holdings Limited


Opinion
We have audited the financial statements of AL13 Group Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 August 2024 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 August 2024 and of the group's profit for the period 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 group 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 group's and the parent 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
AL13 Group Holdings Limited


Other information
The directors are responsible for the other information. The other information comprises the information in the Group 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 Group 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 Group 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 group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
AL13 Group Holdings 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
AL13 Group Holdings 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

27 May 2025

AL13 Group Holdings Limited (Registered number: 15526665)

Consolidated Profit and Loss Account
for the Period 27 February 2024 to 31 August 2024

Notes £   

TURNOVER 5,171,711

Cost of sales (3,796,495 )
GROSS PROFIT 1,375,216

Distribution costs (1,915 )
Administrative expenses (1,173,364 )
OPERATING PROFIT 3 199,937

Interest receivable & similar income 19,294
219,231

Interest payable and similar
expenses

4

(3,255

)
PROFIT BEFORE TAXATION 215,976

Tax on profit 5 (68,410 )
PROFIT FOR THE FINANCIAL
PERIOD

147,566

AL13 Group Holdings Limited (Registered number: 15526665)

Consolidated Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Intangible assets 7 549,948
Tangible assets 8 303,086
Investments 9 53,892
906,926

CURRENT ASSETS
Stocks 10 1,093,458
Debtors 11 3,117,589
Cash at bank and in hand 1,008,907
5,219,954
CREDITORS
Amounts falling due within one year 12 2,655,469
NET CURRENT ASSETS 2,564,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,471,411

CREDITORS
Amounts falling due after more than
one year

13

(3,296,788

)

PROVISIONS FOR LIABILITIES 16 (26,557 )
NET ASSETS 148,066

CAPITAL AND RESERVES
Called up share capital 17 500
Retained earnings 147,566
SHAREHOLDERS' FUNDS 148,066

AL13 Group Holdings Limited (Registered number: 15526665)

Consolidated Balance Sheet - continued
31 August 2024


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:





I P Shorney Toledano - Director


AL13 Group Holdings Limited (Registered number: 15526665)

Company Balance Sheet
31 August 2024

Notes £    £   
FIXED ASSETS
Intangible assets 7 -
Tangible assets 8 -
Investments 9 3,809,227
3,809,227

CURRENT ASSETS
Cash at bank 400

CREDITORS
Amounts falling due within one year 12 159,127
NET CURRENT LIABILITIES (158,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,650,500

CREDITORS
Amounts falling due after more than
one year

13

3,250,000
NET ASSETS 400,500

CAPITAL AND RESERVES
Called up share capital 17 500
Retained earnings 400,000
SHAREHOLDERS' FUNDS 400,500

Company's profit for the financial
year

400,000

AL13 Group Holdings Limited (Registered number: 15526665)

Company 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 Shorney Toledano - Director


AL13 Group Holdings Limited (Registered number: 15526665)

Consolidated Statement of Changes in Equity
for the Period 27 February 2024 to 31 August 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 500 - 500
Total comprehensive income - 147,566 147,566
Balance at 31 August 2024 500 147,566 148,066

AL13 Group Holdings Limited (Registered number: 15526665)

Company Statement of Changes in Equity
for the Period 27 February 2024 to 31 August 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 500 - 500
Total comprehensive income - 400,000 400,000
Balance at 31 August 2024 500 400,000 400,500

AL13 Group Holdings Limited (Registered number: 15526665)

Consolidated Cash Flow Statement
for the Period 27 February 2024 to 31 August 2024

Notes £   
Cash flows from operating activities
Cash generated from operations 1 484,729
Interest paid (3,255 )
Tax paid (194,434 )
Net cash from operating activities 287,040

Cash flows from investing activities
Purchase of tangible fixed assets (30,520 )
Purchase of fixed asset investments (3,809,227 )
Interest received 19,294
Net cash from investing activities (3,820,453 )

Cash flows from financing activities
New loans in year 3,750,000
Loan repayments in year (500,000 )
Capital repayments in year (13,648 )
Amount introduced by directors 11,004
Amount withdrawn by directors (11,004 )
Share issue 500
Cash on acquisition of business 1,305,468
Net cash from financing activities 4,542,320

Increase in cash and cash equivalents 1,008,907
Cash and cash equivalents at
beginning of period

2

-

Cash and cash equivalents at end
of period

2

1,008,907

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Cash Flow Statement
for the Period 27 February 2024 to 31 August 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

£   
Profit before taxation 215,976
Depreciation charges 28,820
Finance costs 3,255
Finance income (19,294 )
228,757
Increase in stocks (441,755 )
Increase in trade and other debtors (633,099 )
Increase in trade and other creditors 1,330,826
Cash generated from operations 484,729

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 August 2024
31/8/24 27/2/24
£    £   
Cash and cash equivalents 1,008,907 -


3. ANALYSIS OF CHANGES IN NET DEBT

At 27/2/24 Cash flow At 31/8/24
£    £    £   
Net cash
Cash at bank and in hand - 1,008,907 1,008,907
- 1,008,907 1,008,907
Debt
Finance leases - (67,489 ) (67,489 )
Debts falling due after 1 year - (3,250,000 ) (3,250,000 )
- (3,317,489 ) (3,317,489 )
Total - (2,308,582 ) (2,308,582 )

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements
for the Period 27 February 2024 to 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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; and
-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 2024, 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.

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.

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


1. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Profit and 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 period 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 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


1. ACCOUNTING POLICIES - continued

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
£   
Wages and salaries 551,370
Social security costs 173,104
Other pension costs 183,523
907,997

The average number of employees during the period was as follows:

Administration 27
Production 27
54

£   
Directors' remuneration 130,833
Directors' pension contributions to money purchase schemes 57,900

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

Money purchase schemes 5

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


3. OPERATING PROFIT

The operating profit is stated after charging:

£   
Hire of plant & machinery 84,407
Depreciation - owned assets 68,750
Audit fees 12,155

4. INTEREST PAYABLE AND SIMILAR EXPENSES
£   
Loan interest 3,255

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
£   
Current tax:
UK corporation tax 65,112

Deferred tax 3,298
Tax on profit 68,410

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

£   
Profit before tax 215,976
Profit multiplied by the standard rate of corporation tax in the
UK of 25 %

53,994

Effects of:
Expenses not deductible for tax purposes 1,768
Depreciation in excess of capital allowances 9,350
Deferred tax 3,298
Total tax charge 68,410

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


6. INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Profit & Loss Account of the parent company is not presented as part of these financial statements.


7. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
Additions 549,948
At 31 August 2024 549,948
NET BOOK VALUE
At 31 August 2024 549,948

8. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 27 February 2024 46,411 440,129 28,150
Additions - 28,050 -
Disposals - - -
At 31 August 2024 46,411 468,179 28,150
DEPRECIATION
At 27 February 2024 24,850 334,983 10,224
Charge for period 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 26 February 2024 21,561 105,146 17,926

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


8. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 27 February 2024 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 27 February 2024 68,354 10,394 448,805
Charge for period 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 26 February 2024 85,817 14,513 244,963

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

9. FIXED ASSET INVESTMENTS

Group
Listed Unlisted
investments investments Totals
£    £    £   
COST
At 27 February 2024
and 31 August 2024 186,608 32,400 219,008
PROVISIONS
At 27 February 2024
and 31 August 2024 159,116 6,000 165,116
NET BOOK VALUE
At 31 August 2024 27,492 26,400 53,892
At 26 February 2024 27,492 26,400 53,892

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


9. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group
undertakings
£   
COST
Additions 3,809,227
At 31 August 2024 3,809,227
NET BOOK VALUE
At 31 August 2024 3,809,227

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

AL13 Holdings Limited
Registered office: C/o Dudleys Aluminium Limited, Lamby Industrial Estate, Mardy Road, Cardiff, CF3 3EX
Nature of business: Holding company
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 1,040,529
Profit for the period 502,595

Pachuca Holdings Limited
Registered office: C/o Dudleys Aluminium Limited, Lamby Industrial Estate, Mardy Road, Cardiff, CF3 3EX
Nature of business: Holding company
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 334,239
Profit for the period 505,850

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


9. FIXED ASSET INVESTMENTS - continued

Dudleys Aluminium
Registered office: C/o Dudleys Aluminium Limited, Lamby Industrial Estate, Mardy Road, Cardiff, CF3 3EX
Nature of business: Installation of architectural aluminium
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 4,517,159
Profit for the period 676,307


10. STOCKS


Group
£   
Stocks 1,093,458

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group
£   
Trade debtors 505,065
Other debtors 2,453,776
VAT 158,748
3,117,589

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Hire purchase contracts (see note 15)
25,701

-
Trade creditors 1,918,520 -
Amounts owed to group undertakings - 159,127
Corporation tax 251,215 -
Social security and other taxes 45,148 -
Other creditors 59,000 -
Directors' loan accounts 112 -
Accrued expenses 355,773 -
2,655,469 159,127

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR


Group Company
£    £   
Other loans (see note 14) 3,250,000 3,250,000
Hire purchase contracts (see note 15)
41,788

-
Other creditors 5,000 -
3,296,788 3,250,000

14. LOANS

An analysis of the maturity of loans is given below:


Group Company
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 3,250,000 3,250,000

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 25,701
Between one and five years 41,788
67,489

Group
Non- cancellable operating leases
£   
Within one year 184,632
Between one and five years 246,226
430,858

16. PROVISIONS FOR LIABILITIES


Group
£   
Deferred tax 26,557

Group
Deferred
tax
£   
Provided during period 26,557
Balance at 31 August 2024 26,557

The deferred tax relates to accelerated capital allowances.

AL13 Group Holdings Limited (Registered number: 15526665)

Notes to the Consolidated Financial Statements - continued
for the Period 27 February 2024 to 31 August 2024


17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
500 Ordinary 1 500

18. RELATED PARTY DISCLOSURES

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