Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Carlo Italo Fossaluzza 31/01/1995 10 June 2025 The principal activity of the company during the financial year was the production of various marble products. 03016253 2024-07-31 03016253 bus:Director1 2024-07-31 03016253 2023-07-31 03016253 core:CurrentFinancialInstruments 2024-07-31 03016253 core:CurrentFinancialInstruments 2023-07-31 03016253 core:Non-currentFinancialInstruments 2024-07-31 03016253 core:Non-currentFinancialInstruments 2023-07-31 03016253 core:ShareCapital 2024-07-31 03016253 core:ShareCapital 2023-07-31 03016253 core:RetainedEarningsAccumulatedLosses 2024-07-31 03016253 core:RetainedEarningsAccumulatedLosses 2023-07-31 03016253 core:PlantMachinery 2023-07-31 03016253 core:Vehicles 2023-07-31 03016253 core:FurnitureFittings 2023-07-31 03016253 core:PlantMachinery 2024-07-31 03016253 core:Vehicles 2024-07-31 03016253 core:FurnitureFittings 2024-07-31 03016253 core:ImmediateParent core:CurrentFinancialInstruments 2024-07-31 03016253 core:ImmediateParent core:CurrentFinancialInstruments 2023-07-31 03016253 bus:OrdinaryShareClass1 2024-07-31 03016253 2023-08-01 2024-07-31 03016253 bus:FilletedAccounts 2023-08-01 2024-07-31 03016253 bus:SmallEntities 2023-08-01 2024-07-31 03016253 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03016253 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03016253 bus:Director1 2023-08-01 2024-07-31 03016253 core:PlantMachinery 2023-08-01 2024-07-31 03016253 core:Vehicles 2023-08-01 2024-07-31 03016253 core:FurnitureFittings 2023-08-01 2024-07-31 03016253 2022-08-01 2023-07-31 03016253 core:PlantMachinery 1 2023-08-01 2024-07-31 03016253 core:Vehicles 1 2023-08-01 2024-07-31 03016253 core:FurnitureFittings 1 2023-08-01 2024-07-31 03016253 1 2023-08-01 2024-07-31 03016253 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 03016253 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03016253 (England and Wales)

ALROC LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

ALROC LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

ALROC LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
ALROC LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 205,902 281,382
205,902 281,382
Current assets
Stocks 4 202,568 179,017
Debtors 5 188,445 296,752
Cash at bank and in hand 120,529 411,679
511,542 887,448
Creditors: amounts falling due within one year 6 ( 826,925) ( 416,254)
Net current (liabilities)/assets (315,383) 471,194
Total assets less current liabilities (109,481) 752,576
Creditors: amounts falling due after more than one year 7 ( 74,107) ( 144,804)
Net (liabilities)/assets ( 183,588) 607,772
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account ( 183,590 ) 607,770
Total shareholder's (deficit)/funds ( 183,588) 607,772

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Alroc Limited (registered number: 03016253) were approved and authorised for issue by the Director. They were signed on its behalf by:

Carlo Italo Fossaluzza
Director

10 June 2025

ALROC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
ALROC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Alroc Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 41 Lockfield Avenue, Enfield, EN3 7PY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 25 36

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 August 2023 915,183 265,599 143,946 1,324,728
Additions 0 0 1,847 1,847
At 31 July 2024 915,183 265,599 145,793 1,326,575
Accumulated depreciation
At 01 August 2023 742,944 169,165 131,237 1,043,346
Charge for the financial year 46,063 27,009 4,255 77,327
Rounding 0 0 0 0
At 31 July 2024 789,007 196,174 135,492 1,120,673
Net book value
At 31 July 2024 126,176 69,425 10,301 205,902
At 31 July 2023 172,239 96,434 12,709 281,382

4. Stocks

2024 2023
£ £
Stocks 202,568 179,017

5. Debtors

2024 2023
£ £
Trade debtors 148,647 272,601
Other debtors 39,798 24,151
188,445 296,752

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,446 5,306
Trade creditors 318,428 133,376
Amounts owed to parent undertakings 272,539 136,834
Other taxation and social security 80,259 23,258
Obligations under finance leases and hire purchase contracts 67,582 67,539
Other creditors 82,671 49,941
826,925 416,254

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 27,640 33,336
Obligations under finance leases and hire purchase contracts 46,467 111,468
74,107 144,804

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

9. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.