Registration number: 11113519

AL Humphrey Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

AL Humphrey Ltd

Company Information

Director

Mr A L Humphrey

Registered office

8 High Street Heathfield East Sussex TN21 8LS

Accountants

Manningtons 8 High Street Heathfield East Sussex TN21 8LS

AL Humphrey Ltd

(Registration number: 11113519)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	42,096	26,151
Current assets
Stocks	5	6,551	17,000
Debtors	6	63,781	89,822
Cash at bank and in hand		4,859	1,300
		75,191	108,122
Creditors: Amounts falling due within one year	7	(45,776)	(80,450)
Net current assets		29,415	27,672
Total assets less current liabilities		71,511	53,823
Creditors: Amounts falling due after more than one year	7	(102,985)	(54,035)
Net liabilities		(31,474)	(212)
Capital and reserves
Called up share capital		100	100
Retained earnings		(31,574)	(312)
Shareholders' deficit		(31,474)	(212)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2025
 

......................................... Mr A L Humphrey Director

AL Humphrey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
United Kingdom

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

AL Humphrey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing balance
Fixtures and fittings	25% Reducing balance
Office equipment	33.33% Straight Line
Motor Vehicles	25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

AL Humphrey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 3).

AL Humphrey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	28,831	49,490	2,123	80,444
Additions	3,214	49,989	-	53,203
Disposals	-	(49,490)	-	(49,490)
At 31 January 2025	32,045	49,989	2,123	84,157
Depreciation
At 1 February 2024	23,102	29,736	1,455	54,293
Charge for the year	4,840	12,497	167	17,504
Eliminated on disposal	-	(29,736)	-	(29,736)
At 31 January 2025	27,942	12,497	1,622	42,061
Carrying amount
At 31 January 2025	4,103	37,492	501	42,096
At 31 January 2024	5,729	19,754	668	26,151

5

Stocks

	2025 £	2024 £
Other inventories	6,551	17,000

6

Debtors

	Note	2025 £	2024 £
Trade debtors		21,057	15,307
Amounts owed by group undertakings and undertakings in which the company has a participating interest	9	42,532	68,133
Taxation and social security		-	6,382
Other debtors		192	-
		63,781	89,822

AL Humphrey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	32,749	45,960
Taxation and social security		9,496	2,698
Accruals and deferred income		1,000	1,000
Other creditors		2,531	30,792
		45,776	80,450

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	102,985	54,035

AL Humphrey Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	72,711	43,407
Hire purchase contracts	30,274	10,628
	102,985	54,035

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,861	33,724
Bank overdrafts	4,531	4,387
Hire purchase contracts	7,357	7,849
	32,749	45,960

Bank borrowings

Tesco is denominated in £ with a nominal interest rate of 13.26%, and the final instalment is due on 31 January 1930. The carrying amount at year end is £25,000 (2024 - £Nil).

Barclays bank Plc is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 31 July 2029. The carrying amount at year end is £30,795 (2024 - £32,623).

Funding Circle is denominated in £ with a nominal interest rate of 1.16%, and the final instalment is due on 31 January 2028. The carrying amount at year end is £14,383 (2024 - £18,252).

Whiteoaks is denominated in with a nominal interest rate of %, and the final instalment is due on . The carrying amount at year end is £23,393 (2024 - £11,256).

9	Related party transactions

Summary of transactions with parent

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting applicable in the UK and Republic of Ireland', not to disclose related party transactions or
balances within the group.

10	Parent and ultimate parent undertaking

The company's immediate parent is ALH Ohana Ltd, incorporated in England and Wales.

 The ultimate controlling party is A L Humphrey.