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Registration number: 04363408

Alltimes Homes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Alltimes Homes Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Alltimes Homes Ltd

(Registration number: 04363408)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Current assets

 

Stocks

5

135,245

135,245

Debtors

6

55,805

61,805

Cash at bank and in hand

 

6,481

5,698

 

197,531

202,748

Creditors: Amounts falling due within one year

7

(17,855)

(21,855)

Net assets

 

179,676

180,893

Capital and reserves

 

Called up share capital

2

2

Retained earnings

179,674

180,891

Shareholders' funds

 

179,676

180,893

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

N R Alltimes
Director

   
     
 

Alltimes Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Units C & D Station Road Industrial Estate
South Woodchester
Stroud
Gloucestershire
GL5 5EQ

These financial statements were authorised for issue by the Board on 25 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the director has continued to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Alltimes Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery etc

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Alltimes Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2024 - 2).

 

Alltimes Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Plant and machinery etc
£

Total
£

Cost or valuation

At 1 February 2024

961

961

Disposals

(961)

(961)

At 31 January 2025

-

-

Depreciation

At 1 February 2024

961

961

Eliminated on disposal

(961)

(961)

At 31 January 2025

-

-

Carrying amount

At 31 January 2025

-

-

5

Stocks

2025
£

2024
£

Work in progress

135,245

135,245

6

Debtors

Note

2025
£

2024
£

Amounts owed by related parties

8

55,805

61,805

 

55,805

61,805

7

Creditors

Due within one year

Note

2025
£

2024
£

 

Amounts due to related parties

8

15,355

20,355

Accruals

 

2,500

1,500

 

17,855

21,855

 

Alltimes Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Related party transactions

Summary of transactions with other related parties

Other related parties consist of companies under common control.
 

Loans to related parties

2025

Other related parties
£

Total
£

At start of period

61,805

61,805

Advanced

17,000

17,000

Repaid

(23,000)

(23,000)

At end of period

55,805

55,805

2024

Other related parties
£

Total
£

At start of period

45,905

45,905

Advanced

23,000

23,000

Repaid

(7,100)

(7,100)

At end of period

61,805

61,805

Terms of loans to related parties

Loans to other related parties are interest free and repayable on demand.

Loans from related parties

2025

Key management
£

Total
£

At start of period

20,355

20,355

Repaid

(5,000)

(5,000)

At end of period

15,355

15,355

2024

Key management
£

Total
£

At start of period

20,355

20,355

At end of period

20,355

20,355

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.