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REGISTERED NUMBER: 01914544 (England and Wales)















ALFORD TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






ALFORD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 01914544)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALFORD TECHNOLOGIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: R T Alford
J Earnshaw



REGISTERED OFFICE: Alford House
Epsom Square
White Horse Business Park
Trowbridge
Wiltshire
BA14 0XG



REGISTERED NUMBER: 01914544 (England and Wales)



ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH



BANKERS: Lloyds TSB
29 High Street
Chippenham
Wiltshire
SN15 3HA

ALFORD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 01914544)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 580,528 280,368

CURRENT ASSETS
Stocks 554,886 451,444
Debtors 5 925,204 941,243
Cash at bank and in hand 263,818 334,134
1,743,908 1,726,821
CREDITORS
Amounts falling due within one year 6 962,125 550,087
NET CURRENT ASSETS 781,783 1,176,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,362,311

1,457,102

CREDITORS
Amounts falling due after more than one
year

7

100,000

178,398
NET ASSETS 1,262,311 1,278,704

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,261,311 1,277,704
SHAREHOLDERS' FUNDS 1,262,311 1,278,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:





R T Alford - Director


ALFORD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 01914544)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Alford Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, except in the respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost, 20% on cost, 20% on reducing balance and 10% on cost
Plant and machinery - 20% on cost and 20% on reducing balance
Fixtures and fittings - 10% on cost and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

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

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

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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
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.

ALFORD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 01914544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Quarry to Plant and
Improvements property machinery
£    £    £   
COST
At 1 January 2024 503,502 80,641 230,196
Additions 187,843 27,731 165,522
At 31 December 2024 691,345 108,372 395,718
DEPRECIATION
At 1 January 2024 376,765 49,171 149,300
Charge for year 56,063 5,189 36,199
At 31 December 2024 432,828 54,360 185,499
NET BOOK VALUE
At 31 December 2024 258,517 54,012 210,219
At 31 December 2023 126,737 31,470 80,896

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 56,408 23,290 161,129 1,055,166
Additions 4,360 3,000 32,164 420,620
At 31 December 2024 60,768 26,290 193,293 1,475,786
DEPRECIATION
At 1 January 2024 42,747 15,944 140,871 774,798
Charge for year 3,817 2,149 17,043 120,460
At 31 December 2024 46,564 18,093 157,914 895,258
NET BOOK VALUE
At 31 December 2024 14,204 8,197 35,379 580,528
At 31 December 2023 13,661 7,346 20,258 280,368

ALFORD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 01914544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 202,945 165,530
Amounts owed by group undertakings 220,460 309,001
Other debtors 121,046 103,660
Deferred tax asset 228,045 286,079
Prepayments and accrued income 152,708 76,973
925,204 941,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 100,000 121,601
Trade creditors 409,124 74,269
Amounts owed to group undertakings 289,519 140,501
Social security and other taxes 66,162 28,076
Pension creditor 6,932 11,019
VAT 32,725 57,185
Other creditors 34,582 89,107
Directors' current accounts 565 565
Accruals and deferred income 22,516 27,764
962,125 550,087

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans - 1-2 years 100,000 121,601
Bank loans - 2-5 years - 56,797
100,000 178,398

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£    £   
R T Alford
Balance outstanding at start of year 565 1,771
Amounts advanced - 3,970
Amounts repaid - (5,176 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 565 565

ALFORD TECHNOLOGIES LIMITED (REGISTERED NUMBER: 01914544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

9. RELATED PARTY DISCLOSURES

During the period loans were made to the following group companies:

2024 2023
£ £
Alford Technology Group Limited 220,239 82,267
Alford Training Limited - 211,038
Alford Explosive Demolition Limited - 15,474
Alford Explosives Consultancy Limited 221 221

These balances are included in Debtors.

During the period loans were made from the following group companies:

2024 2023
£ £
Alford IP Limited (105,266 ) (97,555 )
Alford Training Limited (55,278 ) -
Alford Explosive Demolition Limited (39,538 ) -
Alford Engineering Ltd (13,993 ) -

These balances are included in Creditors.

During the period loans were made to the following entity, of which the director Roland Alford is a member:

2024 2023
£ £
Alford Properties LLP (17,695 ) (3,903 )

This balance is included in Creditors.

During the period loans were made to the following company, of which the director Roland Alford is a
majority shareholder and director:
2024 2023
£ £
Alford Property Holdings Limited (57,749 ) (39,043 )

This balance is included in Creditors

Management charges were received during the period from:

2024 2023
£ £
Alford Training Limited 21,032 5,880

Management charges were paid during the period to:


2024 2023
£ £
Alford IP Limited 59,741 73,641
Alford Technology Holding Limited - 3,640