| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 |
| FOR |
| ALCHO ELECTRIC COMPANY LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 |
| FOR |
| ALCHO ELECTRIC COMPANY LIMITED |
| ALCHO ELECTRIC COMPANY LIMITED (REGISTERED NUMBER: 00485958) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ALCHO ELECTRIC COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| First Floor |
| 13a High Street |
| Edenbridge |
| Kent |
| TN8 5AB |
| ALCHO ELECTRIC COMPANY LIMITED (REGISTERED NUMBER: 00485958) |
| BALANCE SHEET |
| 30TH JUNE 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Investments | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| 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. |
| ALCHO ELECTRIC COMPANY LIMITED (REGISTERED NUMBER: 00485958) |
| BALANCE SHEET - continued |
| 30TH JUNE 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ALCHO ELECTRIC COMPANY LIMITED (REGISTERED NUMBER: 00485958) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| 1. | STATUTORY INFORMATION |
| Alcho Electric Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors have confirmed that they will continue to support the company for the foreseeable future and that they are able to do so. As a result the accounts have been prepared on a going concern basis. |
| Turnover |
| Turnover represents rent receivable. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ALCHO ELECTRIC COMPANY LIMITED (REGISTERED NUMBER: 00485958) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st July 2023 |
| and 30th June 2024 |
| DEPRECIATION |
| At 1st July 2023 |
| Charge for year |
| At 30th June 2024 |
| NET BOOK VALUE |
| At 30th June 2024 |
| At 30th June 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st July 2023 |
| and 30th June 2024 |
| NET BOOK VALUE |
| At 30th June 2024 |
| At 30th June 2023 |
| Fair value at 30th June 2024 is represented by: |
| £ |
| Valuation in 2010 | 32,393 |
| Valuation in 2009 | (29,201 | ) |
| Valuation in 2008 | 23,136 |
| Valuation in 2001 | 78,359 |
| Valuation in 2017 | 365,320 |
| Cost | 329,993 |
| 800,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| ALCHO ELECTRIC COMPANY LIMITED (REGISTERED NUMBER: 00485958) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| 7. | CURRENT ASSET INVESTMENTS |
| 2024 | 2023 |
| £ | £ |
| Unlisted investments | 13,364 | 13,364 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Connected company loan |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| The bank loan is secured by way of a mortgage over the company's property at Fircroft Way, Edenbridge, Kent. The hire purchase balance was secured on the related asset. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| On property revaluation | 103,787 | 103,787 |
| ALCHO ELECTRIC COMPANY LIMITED (REGISTERED NUMBER: 00485958) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2024 |
| 11. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1st July 2023 |
| Balance at 30th June 2024 |
| 12. | RESERVES |
| The revenue reserves include a non-distributable amount of £366,221 (2023 £366,221) arising from the revaluation of the investment property. |
| 13. | RELATED PARTY DISCLOSURES |
| C. P. A. Engineering Limited is a connected company as it is under common control and has the same directors as this company. This company charged C. P. A. Engineering Limited rent of £12,500 (2023 £15,116). It owed £20,094 (2023 £15,390) to this company at the balance sheet date. This balance is shown in debtors falling due within one year. At the balance sheet date this company owed C. P. A. Engineering Limited £40,311 (2023 £49,916). This balance is shown in creditors falling due in more than one year. |