| ALVARADO INTERIORS LTD |
|
| BALANCE SHEET |
| Aa at 31 March 2025 |
|
|
|
|
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|
2025 |
|
2024 |
|
|
Note |
£ |
£ |
£ |
£ |
| Fixed assets |
| Tangible fixed assets |
3 |
|
|
4,328 |
|
|
5,603 |
|
| Current assets |
| Debtors |
4 |
2,485 |
|
|
15,331 |
| Cash at bank and in hand |
1,274 |
|
|
(3,213) |
|
|
|
|
3,759 |
|
|
12,118 |
| Creditors |
- amounts falling due within one year |
5 |
(44,973) |
|
|
(30,230) |
|
| Net current liabilities |
|
|
|
(41,214) |
|
|
(18,112) |
|
| Total assets less current liabilities |
(36,886) |
|
|
(12,509) |
|
| Creditors |
- amounts falling after more than one year |
6 |
|
|
(4,340) |
|
|
(11,079) |
|
|
| Net liabilities |
|
|
|
(41,226) |
|
|
(23,588) |
|
|
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
100 |
|
|
100 |
| Profit and loss account |
(41,326) |
|
|
(23,688) |
|
| Shareholders' funds |
(41,226) |
|
|
(23,588) |
|
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit of its accounts in accordance with section 476 of the Act. |
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| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| 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 Register of Companies. |
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| Approved by the board on 10 December 2025 and signed on its behalf by: |
| Rolando Terence Alvarado-Rivero |
| Director |
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| Page 1 |
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| ALVARADO INTERIORS LTD |
|
| NOTES TO THE FINANCIAL STATEMENTS |
| For the year ended 31 March 2025 |
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|
| 1. |
|
Accounting policies |
|
(a) |
Basis of preparation |
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|
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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(b) |
Revenue recognition |
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Revenue 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 and from the rendering of services. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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| (c) |
Tangible fixed assets |
|
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: |
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Plant and machinery etc |
20% - 25% straight line |
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|
Motor vehicles |
25% straight line |
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(d) |
Taxation |
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Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
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(e) |
Provisions |
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Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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|
(f) |
Pensions |
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The company operates a defined contribution pension scheme. Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
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| Page 2 |
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| ALVARADO INTERIORS LTD |
|
| NOTES TO THE FINANCIAL STATEMENTS |
| For the year ended 31 March 2025 |
|
|
| 1. |
|
Accounting policies (continued) |
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|
(g) |
Leasing and hire purchase commitments |
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Assets held under finance leases and hire purchase contracts, which transfer substantially all benefits and risks of ownership, and the capital element of the related rental obligations are capitalised and depreciated over the shorter of the lease term and the estimated useful life of the asset. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease as a constant proportion of the outstanding capital element. |
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Rentals paid under operating leases, under which substantially all the benefits and risks of ownership remain with the lessor, are charged to the profit and loss account on a straight line basis over the term of the lease. |
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| 2. |
|
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
|
Average number of persons employed by the company including directors |
2 |
|
2 |
|
|
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| 3. |
|
Tangible fixed assets |
| Plant and |
| Machinery |
Motor |
| etc |
Vehicles |
Total |
| £ |
£ |
£ |
|
|
Cost |
|
|
At 1 April 2024 |
35,809 |
|
13,306 |
|
49,115 |
|
|
Additions |
207 |
|
- |
|
207 |
|
|
|
At 31 March 2025 |
36,016 |
|
13,306 |
|
49,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
At 1 April 2024 |
32,010 |
|
11,502 |
|
43,512 |
|
|
Charge for the year |
881 |
|
601 |
|
1,482 |
|
|
|
At 31 March 2025 |
32,891 |
|
12,103 |
|
44,994 |
|
|
|
|
|
|
|
|
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|
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|
|
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Net book value |
|
|
At 31 March 2025 |
3,125 |
|
1,203 |
|
4,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 March 2024 |
3,799 |
|
1,804 |
|
5,603 |
|
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| Page 3 |
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