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REGISTERED NUMBER: 09716579 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Alken Systems Limited

Alken Systems Limited (Registered number: 09716579)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alken Systems Limited (Registered number: 09716579)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 256,874 315,776
Investments 5 56,479 56,479
Investment property 6 333,511 333,511
646,864 705,766

CURRENT ASSETS
Stocks 132,759 132,644
Debtors 7 735,834 613,659
Cash at bank and in hand 1,197,903 1,810,011
2,066,496 2,556,314
CREDITORS
Amounts falling due within one year 8 597,479 717,020
NET CURRENT ASSETS 1,469,017 1,839,294
TOTAL ASSETS LESS CURRENT LIABILITIES 2,115,881 2,545,060

CREDITORS
Amounts falling due after more than one year 9 (237,593 ) (704,094 )

PROVISIONS FOR LIABILITIES (60,525 ) (78,944 )
NET ASSETS 1,817,763 1,762,022

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,817,563 1,761,822
SHAREHOLDERS' FUNDS 1,817,763 1,762,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Alken Systems Limited (Registered number: 09716579)

Balance Sheet - continued
30 September 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





Mr P Coverley - Director


Alken Systems Limited (Registered number: 09716579)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Alken Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09716579

Registered office: Unit 3
Thornsett Trading Estate
Birch Vale
High Peak
SK22 1AH

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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes an element of work completed but not yet invoiced on service contracts.

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 - Straight line over 5 years
Motor vehicles - Straight line over 5 years

Depreciation is charged on a monthly basis from the date of purchase to the date of disposal at the above rates.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

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


Alken Systems Limited (Registered number: 09716579)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 25 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 843,453 31,321 - 874,774
Additions 31,719 - 2,049 33,768
At 30 September 2024 875,172 31,321 2,049 908,542
DEPRECIATION
At 1 October 2023 527,677 31,321 - 558,998
Charge for year 92,515 - 155 92,670
At 30 September 2024 620,192 31,321 155 651,668
NET BOOK VALUE
At 30 September 2024 254,980 - 1,894 256,874
At 30 September 2023 315,776 - - 315,776

Alken Systems Limited (Registered number: 09716579)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 110,900
DEPRECIATION
At 1 October 2023 44,360
Charge for year 22,180
At 30 September 2024 66,540
NET BOOK VALUE
At 30 September 2024 44,360
At 30 September 2023 66,540

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 56,479
NET BOOK VALUE
At 30 September 2024 56,479
At 30 September 2023 56,479

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 333,511
NET BOOK VALUE
At 30 September 2024 333,511
At 30 September 2023 333,511

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 683,725 560,896
Other debtors 52,109 52,763
735,834 613,659

Alken Systems Limited (Registered number: 09716579)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,996 22,068
Trade creditors 188,722 198,692
Taxation and social security 129,927 110,499
Other creditors 255,834 385,761
597,479 717,020

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 23,963 46,959
Amounts owed to group undertakings 213,630 -
Amounts owed to associates - 657,135
237,593 704,094

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 46,959 69,027

The hire purchase liabilities are secured on the assets to which they relate.

A charge dated 27 January 2016 exists between the company and the National Westminster Bank PLC, by way of a fixed and floating charge over all property or undertakings of the company.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £92,067 (2023 £75,000). This financial commitment represents the total amount of payments remaining on a lease ending Sep 2025.

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.