IRIS Accounts Production v25.4.0.155 02772677 Board of Directors 1.6.24 31.5.25 31.5.25 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02772677 2024-05-31 02772677 2025-05-31 02772677 2024-06-01 2025-05-31 02772677 2023-05-31 02772677 2023-06-01 2024-05-31 02772677 2024-05-31 02772677 ns15:EnglandWales 2024-06-01 2025-05-31 02772677 ns14:PoundSterling 2024-06-01 2025-05-31 02772677 ns10:Director1 2024-06-01 2025-05-31 02772677 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 02772677 ns10:SmallEntities 2024-06-01 2025-05-31 02772677 ns10:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 02772677 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 02772677 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 02772677 ns10:FullAccounts 2024-06-01 2025-05-31 02772677 ns10:OrdinaryShareClass1 2024-06-01 2025-05-31 02772677 ns10:Director2 2024-06-01 2025-05-31 02772677 ns10:CompanySecretary1 2024-06-01 2025-05-31 02772677 ns10:RegisteredOffice 2024-06-01 2025-05-31 02772677 ns5:CurrentFinancialInstruments 2025-05-31 02772677 ns5:CurrentFinancialInstruments 2024-05-31 02772677 ns5:ShareCapital 2025-05-31 02772677 ns5:ShareCapital 2024-05-31 02772677 ns5:RevaluationReserve 2025-05-31 02772677 ns5:RevaluationReserve 2024-05-31 02772677 ns5:CapitalRedemptionReserve 2025-05-31 02772677 ns5:CapitalRedemptionReserve 2024-05-31 02772677 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 02772677 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 02772677 ns5:LeaseholdImprovements 2024-06-01 2025-05-31 02772677 ns5:FurnitureFittings 2024-06-01 2025-05-31 02772677 ns5:MotorVehicles 2024-06-01 2025-05-31 02772677 ns5:LeaseholdImprovements 2024-05-31 02772677 ns5:FurnitureFittings 2024-05-31 02772677 ns5:MotorVehicles 2024-05-31 02772677 ns5:LeaseholdImprovements 2025-05-31 02772677 ns5:FurnitureFittings 2025-05-31 02772677 ns5:MotorVehicles 2025-05-31 02772677 ns5:LeaseholdImprovements 2024-05-31 02772677 ns5:FurnitureFittings 2024-05-31 02772677 ns5:MotorVehicles 2024-05-31 02772677 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 02772677 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 02772677 ns10:OrdinaryShareClass1 2025-05-31 02772677 ns5:RevaluationReserve 2024-05-31

REGISTERED NUMBER: 02772677 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MAY 2025 |

| FOR |

| ARALEX LIMITED |

| ARALEX LIMITED (REGISTERED NUMBER: 02772677) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| ARALEX LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | Mrs T J Peake

| Mr J A Peake

| SECRETARY: | Mr J A Peake

| REGISTERED OFFICE: | Lutterworth Ford

| Leicester Road

| Lutterworth

| Leicestershire

| LE17 4HB

| REGISTERED NUMBER: | 02772677 (England and Wales)

| ACCOUNTANTS: | Armstrongs

| Chartered Accountants and Tax Advisors

| Gethin House

| 36 Bond Street

| Nuneaton

| Warwickshire

| CV11 4DA

| ARALEX LIMITED (REGISTERED NUMBER: 02772677) |

BALANCE SHEET

31 MAY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 330,567 |  | 261,229 |  |

Investment property | 5 | 450,000 |  | 450,000 |  |

780,567 |  | 711,229 |  |

CURRENT ASSETS

Stocks | 1,672,236 |  | 1,768,446 |  |

Debtors | 6 | 139,980 |  | 122,486 |  |

Cash at bank and in hand | 670,452 |  | 416,442 |  |

2,482,668 |  | 2,307,374 |  |

CREDITORS

Amounts falling due within one year | 7 | 965,876 |  | 915,471 |  |

NET CURRENT ASSETS | 1,516,792 |  | 1,391,903 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,297,359 |  | 2,103,132 |  |

PROVISIONS FOR LIABILITIES | 87,278 |  | 94,010 |  |

NET ASSETS | 2,210,081 |  | 2,009,122 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 490 |  | 490 |  |

Revaluation reserve | 9 | 118,365 |  | 118,365 |  |

Capital redemption reserve | 510 |  | 510 |  |

Retained earnings | 2,090,716 |  | 1,889,757 |  |

SHAREHOLDERS' FUNDS | 2,210,081 |  | 2,009,122 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

| ARALEX LIMITED (REGISTERED NUMBER: 02772677) |

BALANCE SHEET - continued

31 MAY 2025

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 17 November 2025 and were signed on its behalf by:

Mr J A Peake - Director

| ARALEX LIMITED (REGISTERED NUMBER: 02772677) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Aralex 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.

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

| Turnover

| Revenue is recognised at the fair value of the consideration received or receivable, excluding any discounts, rebates and value added tax.

| Sale of goods

| Revenue is recognised from the sale of goods when all the following conditions are satisfied;

| (a) |  | the significant risks and rewards of ownership have been transferred to the buyer; |

| (b) |  | the company retains neither continuing managerial involvement to the degree usually associated with |

| ownership nor effective control over the goods sold; |  |

| (c) |  | the amount of revenue can be measured reliably; |

| (d) |  | it is probable that the economic benefits associated with the transaction will flow to the company; and |

| (e) |  | the costs incurred or to be incurred in respect of the transaction can be measured reliably. |

| Rendering of services

| Revenue from a contract to supply services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied;

| (a) |  | the amount of revenue can be measured reliably; |  |

| (b) |  | it is probable that the company will receive the consideration under the contract; |  |

| (c) |  | the stage of completion of the contract at the end of the reporting period can be measured reliably. |  |

| (d) |  | the costs incurred and the costs to complete the contract can be measured reliably. |  |

| Commission income and manufacturer bonuses

| Commissions receivable for arranging vehicle financing and related insurance products are included in revenue. Manufacturer bonuses are considered a reduction in the cost of vehicles sold, and hence are credited against cost of sales in the income statement.

| Tangible fixed assets

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

| Improvements to property | - | 10% on cost

| Fixtures and fittings | - | 20% on cost

| 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.

| ARALEX LIMITED (REGISTERED NUMBER: 02772677) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

| At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the income statement.

| The company holds consignment stock vehicles where the significant risks and rewards of ownership and legal title have not passed. This stock is not included on the balance sheet.

| 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Significant judgements and estimates

| Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates. The directors consider the valuation of stock to be a critical estimate and judgement applicable to the financial statements.

| Used vehicle stock is a depreciating stock item and devalues monthly, making the estimated stock value uncertain. Consideration has been given by the directors to the level of provision against vehicle stocks. In determining the provision required, the directors have used guidance from independent valuation tools and their knowledge of the industry.

| Parts stocks held for more than 24 months are written off in full.

| ARALEX LIMITED (REGISTERED NUMBER: 02772677) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 30 (2024 - 29 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 June 2024 | 175,102 |  | 593,606 |  | 240,991 |  | 1,009,699 |  |

| Additions | 2,617 |  | 42,744 |  | 140,709 |  | 186,070 |  |

| Disposals | - |  | (9,010 | ) | (48,659 | ) | (57,669 | ) |

| At 31 May 2025 | 177,719 |  | 627,340 |  | 333,041 |  | 1,138,100 |  |

| DEPRECIATION

| At 1 June 2024 | 123,839 |  | 491,984 |  | 132,647 |  | 748,470 |  |

| Charge for year | 10,767 |  | 38,240 |  | 31,231 |  | 80,238 |  |

| Eliminated on disposal | - |  | (9,010 | ) | (12,165 | ) | (21,175 | ) |

| At 31 May 2025 | 134,606 |  | 521,214 |  | 151,713 |  | 807,533 |  |

| NET BOOK VALUE

| At 31 May 2025 | 43,113 |  | 106,126 |  | 181,328 |  | 330,567 |  |

| At 31 May 2024 | 51,263 |  | 101,622 |  | 108,344 |  | 261,229 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024

| and 31 May 2025 | 450,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 450,000 |  |

| At 31 May 2024 | 450,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 58,555 |  | 55,541 |  |

| Prepayments | 81,425 |  | 66,945 |  |

139,980 |  | 122,486 |  |

| ARALEX LIMITED (REGISTERED NUMBER: 02772677) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 673,527 |  | 630,668 |  |

| Corporation tax | 140,386 |  | 93,213 |  |

| Social security and other taxes | 21,891 |  | 14,716 |  |

| VAT | 89,300 |  | 46,399 |  |

| Other creditors | 18,030 |  | 53,380 |  |

| Directors' current accounts | - |  | 60,000 |  |

| Accrued expenses | 22,742 |  | 17,095 |  |

965,876 |  | 915,471 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 490 | Ordinary | £1 | 490 |  | 490 |  |

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 June 2024

| and 31 May 2025 | 118,365 |  |

10. | ULTIMATE CONTROLLING PARTY

| The company is controlled by its directors Mr & Mrs Peake who are also shareholders.