Company registration number 02874830 (England and Wales)
ALFRAM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
ALFRAM LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
ALFRAM LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
212,097
215,852
Current assets
Stocks
31,166
23,988
Debtors
141,059
164,568
Cash at bank and in hand
43
535
172,268
189,091
Creditors: amounts falling due within one year
(166,082)
(193,733)
Net current assets/(liabilities)
6,186
(4,642)
Net assets
218,283
211,210
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
218,183
211,110
Total equity
218,283
211,210

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 July 2025 and are signed on its behalf by:
Mr C J Beacham
Director
Company registration number 02874830 (England and Wales)
ALFRAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Alfram Limited is a private company limited by shares incorporated in England and Wales. The registered office is 31 The Glenmore Centre, Waterwells Business Park, Quedgeley, Gloucester, Gloucestershire, England, GL2 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have considered the working capital needs of the company for a period of twelve months from the date of approval of these financial statements. The company relies on the bank and shareholder/director funding for its working capital.true

 

These financial statements have been prepared on the going concern basis, on the understanding that the bank and shareholders/directors will continue to financially support the company during this uncertain period, by not withdrawing their funding to the detriment of the other unsecured creditors and by providing further working capital as required by the company in order to deliver against its latest business plan. There has been no indication from the bank that their support will be withdrawn or that they will not continue to support the company, although, as is always the case with funding of this nature, it is no guarantee of continuity in all circumstances.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Sales are recognised when an invoice is raised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not depreciated
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance
ALFRAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 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.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
6
3
Tangible fixed assets
Total
£
Cost
At 1 November 2023 and 31 October 2024
335,130
Depreciation and impairment
At 1 November 2023
119,278
Depreciation charged in the year
3,755
At 31 October 2024
123,033
Carrying amount
At 31 October 2024
212,097
At 31 October 2023
215,852
4
Loans

Amounts falling due within one year are relating to bank overdrafts of £68,729 (2023: £79,170).

5
Secured debts

Santander UK PLC has a charge over the freehold property and a debenture over the company's assets.

ALFRAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related party transactions

Mrs J Newman

Wife of a former director and shareholder

In a previous period, Mrs Newman loaned the company £5,785 as working capital. During the year the company repaid Mrs Newman £4,600. The amount owed to the related party is shown in other creditors. This amount is unsecured, interest free and repayable on demand. The amount due to the related party at the balance sheet date was £1,185 (2023: £5,785).

 

C J Beacham

Director and shareholder

During the period, Mr Beacham loaned the company £10,000. During the year the company repaid Mr Beacham £5,000. The amount is unsecured, interest free and repayable on demand. The amount due to the related party at the year end date was £5,000 (2023: £10,000).

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