Alt Berg Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02563160 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALT BERG LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

9

DIRECTORS:

Mr J Sheehan

REGISTERED OFFICE:

Unit 2B Racecourse Road

Gallowfields Industrial Estate

Richmond

North Yorkshire

DL10 4TG

REGISTERED NUMBER:

02563160 (England and Wales)

ACCOUNTANTS:

Momentum Taxation and Accountancy Ltd

Harelands Courtyard Offices

Moor Road

Melsonby

Richmond

North Yorkshire

DL10 5NY

FIXED ASSETS

Tangible assets

4

207,649

183,603

Investment property

5

90,000

297,649

273,603

CURRENT ASSETS

Stocks

6

113,400

139,500

Debtors

7

711,330

528,255

Cash at bank and in hand

2,974,045

1,896,736

3,798,775

2,564,491

CREDITORS

Amounts falling due within one year

8

931,355

794,534

NET CURRENT ASSETS

2,867,420

1,769,957

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,165,069

2,043,560

PROVISIONS FOR LIABILITIES

9

24,896

18,031

NET ASSETS

3,140,173

2,025,529

CAPITAL AND RESERVES

Called up share capital

110

Fair value reserve

10

27,052

Retained earnings

3,113,011

1,998,367

SHAREHOLDERS' FUNDS

3,140,173

2,025,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Miss T M Sheehan - Director

1.	STATUTORY INFORMATION

Alt Berg Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost, 20% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2024

163,600

329,916

40,039

14,187

547,742

Additions

24,737

1,037

8,883

-

34,657

At 31 December 2024

188,337

330,953

48,922

14,187

582,399

DEPRECIATION

At 1 January 2024

25,069

295,217

29,666

14,187

364,139

Charge for year

3,415

5,210

1,986

-

10,611

At 31 December 2024

28,484

300,427

31,652

14,187

374,750

NET BOOK VALUE

At 31 December 2024

159,853

30,526

17,270

-

207,649

At 31 December 2023

138,531

34,699

10,373

-

183,603

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

90,000

NET BOOK VALUE

At 31 December 2024

90,000

At 31 December 2023

90,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

90,000

Investment property was valued on an open market basis basis on 31 December 2021 by Mr MJ Sheehan .

6.

STOCKS

2024

2023

£

Stocks

113,400

139,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

528,833

409,726

Amounts owed by group undertakings

125,000

-

Amounts recoverable on contract

-

2,950

Other debtors

57,497

115,579

711,330

528,255

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

143,643

124,912

Amounts owed to group undertakings

97,158

223,188

Taxation and social security

682,225

428,138

Other creditors

8,329

18,296

931,355

794,534

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Other timing differences

6,763

Deferred tax

18,133

11,268

24,896

18,031

Deferred

tax

£

Balance at 1 January 2024

18,031

Provided during year

6,865

Other timing differences

Balance at 31 December 2024

24,896

10.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

27,052

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

Miss T M Sheehan

Balance outstanding at start of year

74,150

27,413

Amounts advanced

84,703

74,985

Amounts repaid

(158,853

)

(28,248

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

74,150

Mr J Sheehan

Balance outstanding at start of year

4,496

32,954

Amounts advanced

33,033

26,727

Amounts repaid

(17,947

)

(55,185

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

19,582

4,496

All advances to the directors are repayable on demand and interest is charged at the official rate published by HM Revenue and Customs.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alt Berg Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Alt Berg Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alt Berg Limited and state those matters that we have agreed to state to the Board of Directors of Alt Berg Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Alt Berg Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alt Berg Limited. You consider that Alt Berg Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Alt Berg Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Momentum Taxation and Accountancy Ltd

Harelands Courtyard Offices

Moor Road

Melsonby

Richmond

North Yorkshire

DL10 5NY

Date: .............................................