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Registered Number: 13662682
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 December 2024

for

ALLIANCE TOOL HIRE (SOUTH WEST) LTD

 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 1,061,730    558,009 
Investments 4 593,212    593,212 
1,654,942    1,151,221 
Current assets      
Stocks 36,851    14,065 
Debtors 257,812    409,132 
Cash at bank and in hand 161,429    35,370 
456,092    458,567 
Creditors: amount falling due within one year (474,316)   (220,452)
Net current assets (18,224)   238,115 
 
Total assets less current liabilities 1,636,718    1,389,336 
Creditors: amount falling due after more than one year (1,739,149)   (1,582,718)
Provisions for liabilities (94,279)   - 
Net assets (196,710)   (193,382)
 

Capital and reserves 		     
Called up share capital 5 300    300 
Profit and loss account (197,010)   (193,682)
Shareholders' funds (196,710)   (193,382)
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:


-------------------------------
J Laycock
Director
1
General Information
Alliance Tool Hire (South West) Ltd is a private company, limited by shares, registered in England and Wales, registration number 13662682, registration address 7 Curlew Park , Threemilestone, Truro, Cornwall, TR4 9LE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and turning profitable, and that it is well placed to manage its business risks successfully. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and will continue to support as required.  Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Improvements to property 5 years Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 26 (2023 : 8).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Improvements to property   Total
  £   £   £   £   £   £
At 01 January 2024 624,937    9,200    5,717    6,920    36,571    683,345 
Additions 613,844    107,551    4,234    56    5,974    731,659 
Disposals -    (33,452)   -    -    -    (33,452)
At 31 December 2024 1,238,781    83,299    9,951    6,976    42,545    1,381,552 
Depreciation
At 01 January 2024 101,139    4,600    2,474    3,316    13,806    125,335 
Charge for year 161,416    25,353    2,004    1,733    8,509    199,015 
On disposals -    (4,528)   -    -    -    (4,528)
At 31 December 2024 262,555    25,425    4,478    5,049    22,315    319,822 
Net book values
Closing balance as at 31 December 2024 976,226    57,874    5,473    1,927    20,230    1,061,730 
Opening balance as at 01 January 2024 523,798    4,600    3,243    3,604    22,764    558,009 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2024 593,212    593,212 
Additions -    - 
Disposals -    - 
At 31 December 2024 593,212    593,212 
The investment represents the shareholding of Euro Tool Hire and Sales (South West) Ltd (company no: 05735437), wholly owned subsidiary of Alliance Tool Hire (South West) Ltd.  On 1 January 2024, the subsidiary's trade was hived up to Alliance Tool Hire (South West) Ltd, and is now a non-trading company.

5.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
300 ordinary shares of £1.00 each 300    300 
300    300 

6.

Director’s loan

Directors' Loan Accounts

The directors (who are also the majority shareholder) advanced a loan to the company with no fixed terms to repay within the next 12 months.

As at the year end the company owed the directors £1,629,700 ( 2023 - £1,529,700).
7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£		 2023
£		 2024
£		 2023
£
Alliance Tool Hire Ltd14,300 75,320 216 18,980 
Euro Tool Hire & Sales (South West) Ltd- - (49,979)231,637 

Alliance Tool Hire Ltd is 66.67% owned by Mr J Laycock and Mr C Skinner, together own 100% (2023: 66.67%) of Alliance Tool Hire (South West) Ltd. Alliance Tool Hire Ltd is an acting guarantor against the lease of the company's Truro premises.
On 2 October 2023 the company purchased 100% shareholding of Euro Tool Hire & Sales (South West) Lt and the intercompany loan relates the transactions between the companies during the year. There are no fixed terms attached to this loan.
2