Alloygator Limited - Filleted accounts

Registered number

06226009

Alloygator Limited

Report and Unaudited Accounts

30 September 2024

Collins

Chartered Accountants

West Midlands

Alloygator Limited
Registered number:		06226009
Balance Sheet
as at 30 September 2024


Notes		2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		164,775		167,006
Tangible assets	4		429,011		425,353
			593,786		592,359

Current assets
Stocks		172,618		219,178
Debtors	5	344,881		370,904
Cash at bank and in hand		9,098		51,019
		526,597		641,101

Creditors: amounts falling due within one year	6	(375,190)		(320,820)

Net current assets			151,407		320,281

Total assets less current liabilities			745,193		912,640

Creditors: amounts falling due after more than one year	7		(197,051)		(303,846)

Provisions for liabilities			(80,141)		(76,557)

Net assets			468,001		532,237

Capital and reserves
Called up share capital			1,000		1,000
Share premium			49,005		49,005
Profit and loss account			417,996		482,232

Shareholders' funds			468,001		532,237

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



D Harvey
Director
Approved by the board on 30 September 2025

Alloygator Limited
Notes to the Accounts
for the year ended 30 September 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Tooling			10% straight line basis
	Computers and office			25% reducing balance
	Motor			25% reducing balance and 10% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price including any transaction costs.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					15		10


3	Intangible fixed assets							£
	Patents and PR and Branding:

	Cost
	At 1 October 2023							267,121
	Additions							20,205
	At 30 September 2024							287,326

	Amortisation
	At 1 October 2023							100,115
	Provided during the year							22,436
	At 30 September 2024							122,551

	Net book value
	At 30 September 2024							164,775
	At 30 September 2023							167,006

	Patents are written off in equal annual instalments over their estimated economic life of 10 years. PR and Branding are included above with a NBV of £31,788 (2023 £35,167).


4	Tangible fixed assets
		Tooling		Computer and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2023	236,250		395,556		113,187		744,993
	Additions	-		22,816		-		22,816
	Disposals	-		(162,149)		-		(162,149)
	At 30 September 2024	236,250		256,223		113,187		605,660

	Depreciation
	At 1 October 2023	35,019		258,949		25,672		319,640
	Charge for the year	5,231		15,677		(1,750)		19,158
	On disposals	-		(162,149)		-		(162,149)
	At 30 September 2024	40,250		112,477		23,922		176,649

	Net book value
	At 30 September 2024	196,000		143,746		89,265		429,011
	At 30 September 2023	201,231		136,607		87,515		425,353




5	Debtors					2024		2023
£							£

	Trade debtors					116,682		98,459
	Amounts owed by group undertakings					198,955		219,690
	Prepayments and accrued income					29,244		23,773
	Vat recoverable					-		28,982
						344,881		370,904



6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdraft					158,397		64,996
	Obligations under finance lease and hire purchase contracts					20,199		15,387
	Trade creditors					149,187		167,979
	Corporation tax					14,986		53,452
	Other taxes and social security costs					14,776		6,837
	Directors loans					-		1,564
	Accruals and deferred income					13,540		6,500
	Other creditors					4,105		4,105
						375,190		320,820


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					155,727		244,116
	Obligations under finance lease and hire purchase contracts					26,989		41,290
	Other creditors					14,335		18,440
						197,051		303,846


8	Loans					2024		2023
£							£
	Creditors include:

	Secured bank loan and overdraft					62,630		32,006

	The bank loan and overdraft are secured by a fixed and floating charge over the undertaking and all assets present and future.


9	Pension commitments

	The company makes contributions to a defined contribution pension scheme to comply with auto-enrolment. Costs for the year were £7,168 (2023 £4,562).


10	Other financial commitments					2024		2023
£							£

	Total future minimum payments under non-cancellable operating leases					33,450		78,050


11	Controlling party

	The company is a wholly owned subsidiary of Alloygator Group Limited, a company incorporated in England.


12	Other information

	Alloygator Limited is a private company limited by shares and incorporated in England. Its registered office is:
	61 The Washford Industrial Estate
	Heming Road
	Redditch
	West Midlands
	B98 0EA