Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01falseNo description of principal activity1417falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04798604 2023-12-31 04798604 2024-01-01 2024-12-31 04798604 2022-12-01 2023-11-30 04798604 2024-12-31 04798604 2023-11-30 04798604 2022-12-01 04798604 2 2024-01-01 2024-12-31 04798604 2 2022-12-01 2023-11-30 04798604 d:Director1 2024-01-01 2024-12-31 04798604 d:Director2 2024-01-01 2024-12-31 04798604 d:Director3 2024-01-01 2024-12-31 04798604 d:Director4 2024-01-01 2024-12-31 04798604 d:RegisteredOffice 2024-01-01 2024-12-31 04798604 e:Buildings e:LongLeaseholdAssets 2024-01-01 2024-12-31 04798604 e:Buildings e:LongLeaseholdAssets 2024-12-31 04798604 e:Buildings e:LongLeaseholdAssets 2023-11-30 04798604 e:PlantMachinery 2024-01-01 2024-12-31 04798604 e:PlantMachinery 2024-12-31 04798604 e:PlantMachinery 2023-11-30 04798604 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04798604 e:MotorVehicles 2024-01-01 2024-12-31 04798604 e:MotorVehicles 2024-12-31 04798604 e:MotorVehicles 2023-11-30 04798604 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04798604 e:FurnitureFittings 2024-01-01 2024-12-31 04798604 e:FurnitureFittings 2024-12-31 04798604 e:FurnitureFittings 2023-11-30 04798604 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04798604 e:ComputerEquipment 2024-01-01 2024-12-31 04798604 e:ComputerEquipment 2024-12-31 04798604 e:ComputerEquipment 2023-11-30 04798604 e:ComputerEquipment e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04798604 e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04798604 e:ComputerSoftware 2024-12-31 04798604 e:ComputerSoftware 2023-11-30 04798604 e:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04798604 e:CurrentFinancialInstruments 2024-12-31 04798604 e:CurrentFinancialInstruments 2023-11-30 04798604 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 04798604 e:CurrentFinancialInstruments e:WithinOneYear 2023-11-30 04798604 e:ShareCapital 2024-01-01 2024-12-31 04798604 e:ShareCapital 2024-12-31 04798604 e:ShareCapital 2023-11-30 04798604 e:ShareCapital 2022-12-01 04798604 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 04798604 e:RetainedEarningsAccumulatedLosses 2024-12-31 04798604 e:RetainedEarningsAccumulatedLosses 2 2024-01-01 2024-12-31 04798604 e:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 04798604 e:RetainedEarningsAccumulatedLosses 2023-11-30 04798604 e:RetainedEarningsAccumulatedLosses 2022-12-01 04798604 e:RetainedEarningsAccumulatedLosses 2 2022-12-01 2023-11-30 04798604 d:FRS102 2024-01-01 2024-12-31 04798604 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04798604 d:FullAccounts 2024-01-01 2024-12-31 04798604 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04798604 e:WithinOneYear 2024-12-31 04798604 e:WithinOneYear 2023-11-30 04798604 e:BetweenOneFiveYears 2024-12-31 04798604 e:BetweenOneFiveYears 2023-11-30 04798604 e:ComputerSoftware e:InternallyGeneratedIntangibleAssets 2024-01-01 2024-12-31 04798604 e:ShareCapital 2 2024-01-01 2024-12-31 04798604 e:ShareCapital 2 2022-12-01 2023-11-30 04798604 e:ComputerSoftware e:OwnedIntangibleAssets 2024-01-01 2024-12-31 04798604 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 04798604







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2024


CLASSIC ALFA LIMITED






































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CLASSIC ALFA LIMITED
 


 
COMPANY INFORMATION


Directors
R Norris 
T Bouet 
S Mawbey 
F Venerio 




Registered number
04798604



Registered office
Unit 5
Rooks Nest

Godstone

Surrey

RH9 8BY




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


CLASSIC ALFA LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 9


 


CLASSIC ALFA LIMITED
REGISTERED NUMBER:04798604



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
30,334
16,305

Tangible assets
 5 
104,908
112,989

  
135,242
129,294

Current assets
  

Stocks
  
1,296,701
1,154,037

Debtors: amounts falling due within one year
 6 
64,076
70,795

Cash at bank and in hand
  
522,314
289,537

  
1,883,091
1,514,369

Creditors: amounts falling due within one year
 7 
(829,340)
(662,020)

Net current assets
  
 
 
1,053,751
 
 
852,349

Total assets less current liabilities
  
1,188,993
981,643

Provisions for liabilities
  

Deferred tax
  
(25,937)
(24,217)

  
 
 
(25,937)
 
 
(24,217)

Net assets
  
1,163,056
957,426


Capital and reserves
  

Allotted, called up and fully paid share capital
  
102
102

Profit and loss account
  
1,162,954
957,324

  
1,163,056
957,426


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
 
Page 1

 


CLASSIC ALFA LIMITED
REGISTERED NUMBER:04798604


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



R Norris
Director

Date: 5 June 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 


CLASSIC ALFA LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 December 2022
102
932,982
933,084


Comprehensive income for the year

Profit for the year
-
433,899
433,899


Contributions by and distributions to owners

Dividends to owners
-
(24,000)
(24,000)

Contributions to Trust
-
(385,557)
(385,557)



At 1 December 2023
102
957,324
957,426


Comprehensive income for the period

Profit for the period
-
714,255
714,255
Total comprehensive income for the period
-
714,255
714,255


Contributions by and distributions to owners

Dividends to owners
-
(23,625)
(23,625)

Contributions to Trust
-
(485,000)
(485,000)


Total transactions with owners
-
(508,625)
(508,625)


At 31 December 2024
102
1,162,954
1,163,056


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 


CLASSIC ALFA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Classic Alfa Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and trading address is disclosed on the company information page of these financial statements. 
The current financial period consists of 13 months as the accounting reference date of the company was changed to 31 December for operational reasons and as such the results for the period are not directly comparable.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Foreign currency translation

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at thedates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated inforeign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arisingon translation in the period are included in profit or loss.

 
2.3

Revenue

Revenue is derived from the sale of automotive parts and vechicles and is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Page 4

 


CLASSIC ALFA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Website
-
20%
straight line

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 5

 


CLASSIC ALFA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold land and buildings
-
10%
Plant and equipment
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
15%
Computers
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.9

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.

  
2.10

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.


3.


Employees

The average monthly number of employees, including directors, during the period was 14 (2023 -17).

Page 6

 


CLASSIC ALFA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Intangible assets



Website

£



Cost


At 1 December 2023
55,765


Additions
22,406



At 31 December 2024

78,171



Amortisation


At 1 December 2023
39,460


Charge for the period
8,377



At 31 December 2024

47,837



Net book value



At 31 December 2024
30,334



Page 7

 


CLASSIC ALFA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 December 2023
54,286
88,626
7,250
36,063
23,563
209,788


Additions
135
6,708
-
15,085
2,068
23,996


Disposals
-
(6,500)
(7,250)
-
(2,091)
(15,841)



At 31 December 2024

54,421
88,834
-
51,148
23,540
217,943



Depreciation


At 1 December 2023
3,557
43,897
7,250
24,265
17,830
96,799


Charge for the period
5,896
13,583
-
3,244
3,721
26,444


Disposals
-
(867)
(7,250)
-
(2,091)
(10,208)



At 31 December 2024

9,453
56,613
-
27,509
19,460
113,035



Net book value



At 31 December 2024
44,968
32,221
-
23,639
4,080
104,908



At 31 December 2023
50,729
44,729
-
11,798
5,733
112,989


6.


Debtors

2024
2023
£
£


Trade debtors
38,027
39,211

Other debtors
-
10,000

Prepayments and accrued income
26,049
21,584

64,076
70,795


Page 8

 


CLASSIC ALFA LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
346,113
194,608

Corporation tax
214,466
146,296

Other taxation and social security
57,045
46,696

Other creditors
203,714
164,881

Accruals and deferred income
8,002
109,539

829,340
662,020



8.


 Financial commitments, guarantees and contingent liabilities

The sale to The Employee Ownership Trust ("EOT") that occurred in 2022 continues to be funded from the future resources available to the company without adversely affecting liquidity. This will ensure business continuity.
Further capital contributions are anticipated over the coming years. The capital contributions continue to be structured to be affordable.
One of the directors and his wife hold a fixed, floating charge and negative pledge against all rights, interests in properties, goodwill, equipment, intellectual property rights, investment monies and uncalled capital.


9.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
95,000
95,000

Later than 1 year and not later than 5 years
190,264
292,917

285,264
387,917

 
Page 9