Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 01131977.

The address of its registered office is:
Century Works
Briggate
Elland
West Yorkshire
HX5 9HG

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purposes of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% per annum on a straight line basis
Leasehold property	Straight line over the life of the lease
Plant and machinery	15% per annum on a reducing balance basis
Fixtures, fittings and equipment	15% per annum on a reducing balance basis
Computer equipment	33 1/3% per annum on a straight line basis

An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if their fair value can be measured reliably.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 13 (2024 - 13).

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

4	Tangible assets

	Land and buildings £	Fixtures, fittings and equipment  £	Plant and machinery  £	Total £
Cost
At 1 May 2024	83,437	34,116	684,762	802,315
Additions	-	548	123,948	124,496
Disposals	-	(1,539)	(8,300)	(9,839)
At 30 April 2025	83,437	33,125	800,410	916,972
Depreciation
At 1 May 2024	55,921	23,366	553,179	632,466
Charge for the year	1,669	2,173	23,252	27,094
Eliminated on disposal	-	(1,368)	(7,714)	(9,082)
At 30 April 2025	57,590	24,171	568,717	650,478
Net book value
At 30 April 2025	25,847	8,954	231,693	266,494
At 30 April 2024	27,516	10,750	131,583	169,849

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Current financial assets
Cost or valuation
At 1 May 2024	144,303	144,303
Fair value adjustments	2,184	2,184
Additions	1,512	1,512
Disposals	(1,311)	(1,311)
At 30 April 2025	146,688	146,688

6

Debtors

Current	2025 £	2024 £
Trade debtors	198,665	209,745
Prepayments and accrued income	92,137	47,194
Other debtors	800	1,619
	291,602	258,558

Alzin Engineering Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 April 2025 (continued)

7

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	57,001	43,222
Taxation and social security	5,372	14,837
Corporation tax liability	21,712	43,093
Accruals and deferred income	49,278	41,542
Other creditors	383	304
Directors' loan accounts	50,016	51,254
	183,762	194,252

Due after one year
Other financial liabilities	25,096	-

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £622 (2024 - £962).