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ALDREDS LIMITED

Registered Number
04814471
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

ALDREDS LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

ALDRED, Philippa Gail
ALDRED, Steven

Company Secretary

ALDRED, Philippa Gail

Registered Address

Third Floor
10 South Parade
Leeds
LS1 5QS

Registered Number

04814471 (England and Wales)
ALDREDS LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets411,81210,109
11,81210,109
Current assets
Stocks537,49538,549
Debtors67,95413,718
Cash at bank and on hand1,9065,334
47,35557,601
Creditors amounts falling due within one year7(38,442)(40,129)
Net current assets (liabilities)8,91317,472
Total assets less current liabilities20,72527,581
Creditors amounts falling due after one year8(10,000)(20,000)
Provisions for liabilities9(2,244)(1,921)
Net assets8,4815,660
Capital and reserves
Called up share capital22
Profit and loss account8,4795,658
Shareholders' funds8,4815,660
The financial statements were approved and authorised for issue by the Board of Directors on 20 January 2025, and are signed on its behalf by:
ALDRED, Steven
Director
Registered Company No. 04814471
ALDREDS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 .
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-20
Fixtures and fittings15-
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price. At each reporting date, an assessment is made for impairment.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.
2.Average number of employees

20242023
Average number of employees during the year66
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 July 23164,000164,000
At 30 June 24164,000164,000
Amortisation and impairment
At 01 July 23164,000164,000
At 30 June 24164,000164,000
Net book value
At 30 June 24--
At 30 June 23--
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 July 2343,68343,683
Additions3,3033,303
At 30 June 2446,98646,986
Depreciation and impairment
At 01 July 2333,57433,574
Charge for year1,6001,600
At 30 June 2435,17435,174
Net book value
At 30 June 2411,81211,812
At 30 June 2310,10910,109
5.Stocks

2024

2023

££
Raw materials and consumables37,49538,549
Total37,49538,549
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6,04112,114
Other debtors1,9131,604
Total7,95413,718
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,7167,796
Bank borrowings and overdrafts10,00010,000
Taxation and social security11,52611,078
Other creditors9,20011,255
Total38,44240,129
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,00020,000
Total10,00020,000
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,2441,921
Total2,2441,921