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REGISTERED NUMBER: 09716502 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Alken Engineering Limited

Alken Engineering Limited (Registered number: 09716502)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alken Engineering Limited (Registered number: 09716502)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 154,289 165,542

CURRENT ASSETS
Stocks 109,311 122,135
Debtors 5 557,174 652,430
Cash at bank and in hand 69,439 112,891
735,924 887,456
CREDITORS
Amounts falling due within one year 6 324,500 380,803
NET CURRENT ASSETS 411,424 506,653
TOTAL ASSETS LESS CURRENT LIABILITIES 565,713 672,195

CREDITORS
Amounts falling due after more than one year 7 (312,609 ) (409,082 )

PROVISIONS FOR LIABILITIES (36,103 ) (41,773 )
NET ASSETS 217,001 221,340

CAPITAL AND RESERVES
Called up share capital 180 180
Capital redemption reserve 20 20
Retained earnings 216,801 221,140
SHAREHOLDERS' FUNDS 217,001 221,340

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 Engineering Limited (Registered number: 09716502)

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 Engineering Limited (Registered number: 09716502)

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

1. STATUTORY INFORMATION

Alken Engineering 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: 09716502

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

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 - Straight line over 5 years
Motor vehicles - Straight line over 5 years
Computer equipment - 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 rate.

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 Engineering Limited (Registered number: 09716502)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 26 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 418,304 17,580 24,123 460,007
Additions 26,385 23,000 4,914 54,299
At 30 September 2024 444,689 40,580 29,037 514,306
DEPRECIATION
At 1 October 2023 272,514 5,674 16,277 294,465
Charge for year 56,205 5,433 3,914 65,552
At 30 September 2024 328,719 11,107 20,191 360,017
NET BOOK VALUE
At 30 September 2024 115,970 29,473 8,846 154,289
At 30 September 2023 145,790 11,906 7,846 165,542

Alken Engineering Limited (Registered number: 09716502)

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 Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 126,723 15,450 142,173
Transfer to ownership (66,073 ) - (66,073 )
At 30 September 2024 60,650 15,450 76,100
DEPRECIATION
At 1 October 2023 71,326 4,893 76,219
Charge for year 22,040 3,090 25,130
Transfer to ownership (66,073 ) - (66,073 )
At 30 September 2024 27,293 7,983 35,276
NET BOOK VALUE
At 30 September 2024 33,357 7,467 40,824
At 30 September 2023 55,397 10,557 65,954

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 521,620 600,541
Other debtors 34,467 51,889
556,087 652,430

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,087 -

Aggregate amounts 557,174 652,430

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 15,477 23,203
Trade creditors 113,324 149,665
Taxation and social security 21,138 22,426
Other creditors 124,561 135,509
324,500 380,803

Alken Engineering Limited (Registered number: 09716502)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 41,667 91,667
Hire purchase contracts 19,260 34,737
Amounts owed to group undertakings 251,682 282,678
312,609 409,082

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 34,737 57,940

All hire purchase liabilities 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 £93,166 (2023 £82,800). This financial commitment represents the total amount of payments remaining on a lease ending Sep 2025.

10. 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.

11. CONTROLLING PARTY

The ultimate controlling party is Alken Engineering Holdings Ltd.

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