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REGISTERED NUMBER: 09602625 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 September 2024

for

Alken Engineering Holdings Limited

Alken Engineering Holdings Limited (Registered number: 09602625)






Contents of the Financial Statements
for the Year Ended 29 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alken Engineering Holdings Limited (Registered number: 09602625)

Balance Sheet
29 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 917,738 907,753
Investments 5 72,111 56,524
Investment property 6 130,101 -
1,119,950 964,277

CURRENT ASSETS
Debtors 7 660,730 1,125,054
Cash at bank 627,906 367,218
1,288,636 1,492,272
CREDITORS
Amounts falling due within one year 8 222,490 186,756
NET CURRENT ASSETS 1,066,146 1,305,516
TOTAL ASSETS LESS CURRENT LIABILITIES 2,186,096 2,269,793

CREDITORS
Amounts falling due after more than one year 9 (24,237 ) (6,444 )

PROVISIONS FOR LIABILITIES (48,162 ) (39,525 )
NET ASSETS 2,113,697 2,223,824

CAPITAL AND RESERVES
Called up share capital 13 13
Capital redemption reserve 6 5
Retained earnings 2,113,678 2,223,806
SHAREHOLDERS' FUNDS 2,113,697 2,223,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Holdings Limited (Registered number: 09602625)

Balance Sheet - continued
29 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 director and authorised for issue on 11 June 2025 and were signed by:





Mr P Coverley - Director


Alken Engineering Holdings Limited (Registered number: 09602625)

Notes to the Financial Statements
for the Year Ended 29 September 2024

1. STATUTORY INFORMATION

Alken Engineering Holdings 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: 09602625

Registered office: Unit 3
Thornsett Trading Estate
Birchvale
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.

Preparation of consolidated financial statements
The financial statements contain information about Alken Engineering Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

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.
Freehold property - not provided
Long leasehold - 10 - 20% straight line
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


Alken Engineering Holdings Limited (Registered number: 09602625)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 30 September 2023 267,624 614,067 452,296
Additions - - 24,106
Disposals - - -
At 29 September 2024 267,624 614,067 476,402
DEPRECIATION
At 30 September 2023 - 196,502 308,357
Charge for year - 24,563 22,076
Eliminated on disposal - - -
At 29 September 2024 - 221,065 330,433
NET BOOK VALUE
At 29 September 2024 267,624 393,002 145,969
At 29 September 2023 267,624 417,565 143,939

Alken Engineering Holdings Limited (Registered number: 09602625)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 30 September 2023 103,990 25,249 1,463,226
Additions 93,519 - 117,625
Disposals (51,766 ) - (51,766 )
At 29 September 2024 145,743 25,249 1,529,085
DEPRECIATION
At 30 September 2023 30,800 19,814 555,473
Charge for year 22,794 1,359 70,792
Eliminated on disposal (14,918 ) - (14,918 )
At 29 September 2024 38,676 21,173 611,347
NET BOOK VALUE
At 29 September 2024 107,067 4,076 917,738
At 29 September 2023 73,190 5,435 907,753

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 30 September 2023 17,500 50,000 67,500
Additions - 93,519 93,519
Transfer to ownership (17,500 ) - (17,500 )
At 29 September 2024 - 143,519 143,519
DEPRECIATION
At 30 September 2023 7,425 21,250 28,675
Charge for year 1,511 15,369 16,880
Transfer to ownership (8,936 ) - (8,936 )
At 29 September 2024 - 36,619 36,619
NET BOOK VALUE
At 29 September 2024 - 106,900 106,900
At 29 September 2023 10,075 28,750 38,825

Alken Engineering Holdings Limited (Registered number: 09602625)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 September 2023 56,524
Additions 15,587
At 29 September 2024 72,111
NET BOOK VALUE
At 29 September 2024 72,111
At 29 September 2023 56,524

6. INVESTMENT PROPERTY
Total
£   
COST
Additions 130,101
At 29 September 2024 130,101
NET BOOK VALUE
At 29 September 2024 130,101

The investment property is stated at its historical cost as per the directors valuation.

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 5,396 25,561
Other debtors 1,845 2,321
7,241 27,882

Amounts falling due after more than one year:
Amounts owed by group undertakings 653,489 440,038
Amounts owed by associates - 657,134
653,489 1,097,172

Aggregate amounts 660,730 1,125,054

Alken Engineering Holdings Limited (Registered number: 09602625)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,185 31,970
Trade creditors 23,894 10,577
Taxation and social security 158,712 128,666
Other creditors 22,699 15,543
222,490 186,756

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,237 4,513
Other creditors - 1,931
24,237 6,444

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 41,422 36,483

A charge dated 27 January 2016 exists between the company and the National Westminster Bank PLC, by way of a fixed charge over the company's assets.

Of the total hire purchase liabilities, £16,725 is secured against assets which are in use by subsidiary companies of Alken Holdings, to which it is majority shareholder in all.

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.