Company No: 04318452 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	5	12,900		16,764
		12,900		16,764
Current assets
Stocks		63,000		107,000
Debtors	6	40,566		51,642
Cash at bank and in hand		175,184		137,813
		278,750		296,455
Creditors: amounts falling due within one year	7	( 149,006)		( 119,163)
Net current assets		129,744		177,292
Total assets less current liabilities		142,644		194,056
Creditors: amounts falling due after more than one year	8	0		( 7,333)
Provision for liabilities		( 3,225)		( 3,185)
Net assets		139,419		183,538
Capital and reserves
Called-up share capital		100		100
Profit and loss account		139,319		183,438
Total shareholders' funds		139,419		183,538

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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Alec's 3Piece Suites Limited (registered number: 04318452) were approved and authorised for issue by the Director on 30 May 2025. They were signed on its behalf by:

A E Bromley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Alec's 3Piece Suites Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 23, Grecian Mill Lever Street, Bolton, BL3 6PB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

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 and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	11		13

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2024	100,000		100,000
At 31 January 2025	100,000		100,000
Accumulated amortisation
At 01 February 2024	100,000		100,000
At 31 January 2025	100,000		100,000
Net book value
At 31 January 2025	0		0
At 31 January 2024	0		0

5. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 February 2024	22,000		24,480		46,480
Additions	0		365		365
At 31 January 2025	22,000		24,845		46,845
Accumulated depreciation
At 01 February 2024	5,500		24,216		29,716
Charge for the financial year	4,125		104		4,229
At 31 January 2025	9,625		24,320		33,945
Net book value
At 31 January 2025	12,375		525		12,900
At 31 January 2024	16,500		264		16,764

6. Debtors

	2025		2024
	£		£
Trade debtors	13,215		6,855
Other debtors	27,351		44,787
	40,566		51,642

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	75,710		55,781
Taxation and social security	37,834		39,649
Obligations under finance leases and hire purchase contracts	7,333		7,333
Other creditors	28,129		16,400
	149,006		119,163

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	0		7,333

9. Related party transactions

During the year an advance was made to the director of £17,528. There was no interest charged on the advance and it was repaid within nine months of the year end.