REGISTERED NUMBER: 03049373 (England and Wales)

ALFONS HAAR LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

5

FIXED ASSETS

Tangible assets

4

25,696

13,472

CURRENT ASSETS

Stocks

894,626

770,349

Debtors

5

476,460

715,336

Cash at bank and in hand

371,600

247,594

1,742,686

1,733,279

CREDITORS

Amounts falling due within one year

6

956,177

993,455

NET CURRENT ASSETS

786,509

739,824

TOTAL ASSETS LESS CURRENT LIABILITIES

812,205

753,296

PROVISIONS FOR LIABILITIES

5,799

2,605

NET ASSETS

806,406

750,691

CAPITAL AND RESERVES

Called up share capital

8

200,000

200,000

Retained earnings

606,406

550,691

SHAREHOLDERS' FUNDS

806,406

750,691

The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th September 2025 and were signed on its behalf by:

A Morton - Director

1.	STATUTORY INFORMATION

Alfons Haar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03049373

Registered office:

Unit 2, Springwell Park

27 Dark Lane

Birstall

Batley

WF17 9LN

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Motor vehicles

- 33% reducing balance

Office equipment

- 33% on cost

Plant & machinery

- 33% on cost

Property improvements

- 25% on cost

Fixtures & Fittings

- 25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2024

4,477

48,343

1,620

Additions

-

9,102

-

At 31st December 2024

4,477

57,445

1,620

DEPRECIATION

At 1st January 2024

3,896

48,343

856

Charge for year

178

1,300

216

At 31st December 2024

4,074

49,643

1,072

NET BOOK VALUE

At 31st December 2024

403

7,802

548

At 31st December 2023

581

-

764

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2024

56,356

134,081

244,877

Additions

11,750

-

20,852

At 31st December 2024

68,106

134,081

265,729

DEPRECIATION

At 1st January 2024

50,888

127,422

231,405

Charge for year

4,761

2,173

8,628

At 31st December 2024

55,649

129,595

240,033

NET BOOK VALUE

At 31st December 2024

12,457

4,486

25,696

At 31st December 2023

5,468

6,659

13,472

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

451,945

679,781

Amounts owed by group undertakings

-

14,712

Other debtors

15,919

12,247

467,864

706,740

Amounts falling due after more than one year:

Other debtors

8,596

8,596

Aggregate amounts

476,460

715,336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,064

63,962

Amounts owed to group undertakings

812,021

705,796

Taxation and social security

50,698

156,043

Other creditors

86,394

67,654

956,177

993,455

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

35,019

7,012

Between one and five years

82,333

3,353

117,352

10,365

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200,000

Ordinary

£1

200,000

200,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stuart Adam (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited