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Registration number: 02020301

Alrod Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Alrod Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Alrod Limited

Company Information

Director | Mr I L Davies

Company secretary | Mr I L Davies

Registered office | Units 10 & 11 Cyfarthfa Industrial Estate Merthyr Tydfil Rhondda Cynon Taff CF47 8PE

Accountants | W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Alrod Limited

(Registration number: 02020301)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 119,627 | 147,971
Current assets |  |  |
Stocks |  | 207,511 | 213,056
Debtors | 5 | 410,943 | 262,499
Cash at bank and in hand |  | 46,243 | 49,186
|  | 664,697 | 524,741
Creditors: Amounts falling due within one year | 6 | (573,946) | (398,200)
Net current assets |  | 90,751 | 126,541
Total assets less current liabilities |  | 210,378 | 274,512
Creditors: Amounts falling due after more than one year | 6 | (31,979) | (66,482)
Provisions for liabilities |  | (22,730) | (28,115)
Net assets |  | 155,669 | 179,915
Capital and reserves |  |  |
Called up share capital |  | 30,100 | 30,100
Retained earnings |  | 125,569 | 149,815
Shareholders' funds |  | 155,669 | 179,915

For the financial year ending 31 March 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 28 October 2025

......................................... Mr I L Davies Company secretary and director

Alrod Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Units 10 & 11
Cyfarthfa Industrial Estate
Merthyr Tydfil
Rhondda Cynon Taff
CF47 8PE
United Kingdom

These financial statements were authorised for issue by the director on 28 October 2025.

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.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of goods to customers, stated net of Value Added Tax and any trade discounts.
Revenue is recognised when goods are delivered to and accepted by the customer. In the case of contracts which span the financial year end, revenue is recognised by reference to the stage of completion.

Government grants

Government grants are accounted for as received, except that grants under the Job Retention Scheme are accounted for in accordance with ther payroll periods to which they relate.
The interest on the Bounce Back Loan is paid by the UK Government for the first 12 months, and the interest on the Development Bank of Wales loan is paid by the Welsh Assembly Government for the first 12 months. Interest paid in this way during the accounting period is shown as an interest cost and as a matching government grant received.

Tax

The tax expense for the period comprises deferred 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.

Alrod Limited

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

The current 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 UK, which is where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
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 over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | Straight line over 13 years
Plant and machinery | 6% or 10% on cost
Fixtures and fittings | 10% on cost

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Trade debtors are recognised at the transaction price.

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 creditors for at least twelve months after the reporting date.
Trade creditors are recognised at the transaction price.

Alrod Limited

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

Borrowings

Borrowings in respect of invoice discounting are recorded at fair value, net of transaction costs.
The interest expense is recognised when payable.
These borrowings are classified as current liabilities as the company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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 received.

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 16 (2024 - 15).

Alrod Limited

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

4 | Tangible assets

| Leasehold improvements £ | Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 29,141 | 56,069 | 823,354 | 908,564
At 31 March 2025 | 29,141 | 56,069 | 823,354 | 908,564
Depreciation
At 1 April 2024 | 29,141 | 53,308 | 678,144 | 760,593
Charge for the year | - | 501 | 27,843 | 28,344
At 31 March 2025 | 29,141 | 53,809 | 705,987 | 788,937
Carrying amount
At 31 March 2025 | - | 2,260 | 117,367 | 119,627
At 31 March 2024 | - | 2,761 | 145,210 | 147,971

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 377,040 | 233,611
Prepayments | 30,969 | 28,811
Other debtors | 2,934 | 77
| 410,943 | 262,499

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 282,484 | 208,483
Trade creditors |  | 196,222 | 106,772
Taxation and social security |  | 37,810 | 33,665
Accruals and deferred income |  | 47,032 | 48,402
Other creditors |  | 10,398 | 878
|  | 573,946 | 398,200

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £58,029 (2024 - £79,576).

Alrod Limited

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

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 31,979 | 66,482

7 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of contingencies not included in the balance sheet is £89,271 (2024 - £87,693).