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REGISTERED NUMBER: 03583691 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Alken Profiles Limited

Alken Profiles Limited (Registered number: 03583691)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Alken Profiles Limited (Registered number: 03583691)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 52,166 41,254

CURRENT ASSETS
Debtors 5 189,998 176,105
Cash at bank and in hand 124,459 105,134
314,457 281,239
CREDITORS
Amounts falling due within one year 6 116,175 138,935
NET CURRENT ASSETS 198,282 142,304
TOTAL ASSETS LESS CURRENT LIABILITIES 250,448 183,558

CREDITORS
Amounts falling due after more than one year 7 (208,515 ) (164,243 )

PROVISIONS FOR LIABILITIES (13,041 ) (10,313 )
NET ASSETS 28,892 9,002

CAPITAL AND RESERVES
Called up share capital 160 160
Retained earnings 28,732 8,842
SHAREHOLDERS' FUNDS 28,892 9,002

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.

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 Profiles Limited (Registered number: 03583691)

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

1. STATUTORY INFORMATION

Alken Profiles 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: 03583691

Registered office: Unit 3 Thornsett Trading Estate
Birchvale
High Peak
Derbyshire
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. Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the 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 - 20% on cost
Motor vehicles - 20% on cost

Depreciation is calculated at the headline annual rate, but is charged within the accounts on a monthly basis. The charge commences when the asset comes into use.

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.

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.

Alken Profiles Limited (Registered number: 03583691)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 103,245 42,175 - 145,420
Additions - 50,000 1,475 51,475
Disposals - (32,675 ) - (32,675 )
At 30 September 2024 103,245 59,500 1,475 164,220
DEPRECIATION
At 1 October 2023 78,101 26,065 - 104,166
Charge for year 20,286 8,841 - 29,127
Eliminated on disposal - (21,239 ) - (21,239 )
At 30 September 2024 98,387 13,667 - 112,054
NET BOOK VALUE
At 30 September 2024 4,858 45,833 1,475 52,166
At 30 September 2023 25,144 16,110 - 41,254

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 80,000 32,675 112,675
Disposals - (32,675 ) (32,675 )
At 30 September 2024 80,000 - 80,000
DEPRECIATION
At 1 October 2023 64,000 16,882 80,882
Charge for year 16,000 4,357 20,357
Eliminated on disposal - (21,239 ) (21,239 )
At 30 September 2024 80,000 - 80,000
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 16,000 15,793 31,793

Alken Profiles Limited (Registered number: 03583691)

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

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 165,906 164,570
Other debtors 4,841 11,535
170,747 176,105

Amounts falling due after more than one year:
Amounts owed by group undertakings 19,251 -

Aggregate amounts 189,998 176,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,883 15,816
Trade creditors 65,934 65,356
Taxation and social security 5,294 34,511
Other creditors 38,064 23,252
116,175 138,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 6,883
Amounts owed to group undertakings 208,515 157,360
208,515 164,243

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,883 22,699

A charge dated 13 April 1999 exists between the company and National Westminster Bank PLC, by way of a fixed and floating charge over the undertaking and all property and assets.

Assets under hire purchase arrangements are secured against the assets to which they relate.

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £17,013 (2022 £17,013). This financial commitment represents the total amount of payments remaining on a lease ending in 2024.

Alken Profiles Limited (Registered number: 03583691)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr M Daniels
Balance outstanding at start of year 9,500 16,000
Amounts advanced - 9,500
Amounts repaid - (16,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,500

All loans provided to directors have been given on an interest free basis and are due to be repaid within 9 months of the company's year end.

11. 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.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Alken Engineering Holdings Ltd.

The registered office address of this company in Unit 3 Thornsett Trading Estate, Birch Vale, High Peak, Derbyshire, SK22 1AH.