ALL DOORS (SOUTH WEST) LIMITED


Directors	MAGILL, Elizabeth Anderson
	MAGILL, Nigel


Company Secretary	ALEXANDER, Nina


Registered Address	Unit 6, Marble Court Business Park
	Lymington Road
	Torquay
	TQ1 4FB


Registered Number	05160823 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The company continues to adopt a going concern basis in preparing its financial statements.

	Turnover policy
	Turnover 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 rendering of services
	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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	10	-
Plant and machinery	-	5
Vehicles	25	-
Office Equipment	10	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		9

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	15,000	15,000
At 31 March 25	15,000	15,000
Amortisation and impairment
At 01 April 24	14,750	14,750
Charge for year	250	250
At 31 March 25	15,000	15,000
Net book value
At 31 March 25	-	-
At 31 March 24	250	250

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	15,372	-	91,513	39,036	145,921
Additions	112,750	1,254	-	3,872	117,876
Disposals	-	-	(11,496)	-	(11,496)
At 31 March 25	128,122	1,254	80,017	42,908	252,301
Depreciation and impairment
At 01 April 24	9,655	-	35,438	25,884	70,977
Charge for year	4,330	230	11,998	2,405	18,963
On disposals	-	-	(3,413)	-	(3,413)
At 31 March 25	13,985	230	44,023	28,289	86,527
Net book value
At 31 March 25	114,137	1,024	35,994	14,619	165,774
At 31 March 24	5,717	-	56,075	13,152	74,944

5.	Stocks

	2025	2024
	£	£
Work in progress	1,500	1,500
Finished goods	38,500	36,500
Total	40,000	38,000

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	50,592	129,884
Bank borrowings and overdrafts	84,877	78,065
Taxation and social security	58,841	90,329
Finance lease and HP contracts	6,504	5,079
Other creditors	1,107	881
Accrued liabilities and deferred income	3,401	585
Total	205,322	304,823


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	291,249	164,023
Other creditors	22,867	23,206
Total	314,116	187,229

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	29,371		28,284


	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.

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.

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
MAGILL, Elizabeth Anderson	19,957	81,236	63,000	38,193
Directors loan account
MAGILL, Nigel	19,957	81,236	63,000	38,193
Directors loan account
	39,914	162,472	126,000	76,386

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		250
Tangible assets	4		165,774		74,944
			165,774		75,194
Current assets
Stocks	5	40,000		38,000
Debtors		251,155		193,224
Cash at bank and on hand		63,749		199,252
		354,904		430,476
Creditors amounts falling due within one year	6	(205,322)		(304,823)
Net current assets (liabilities)			149,582		125,653
Total assets less current liabilities			315,356		200,847
Creditors amounts falling due after one year	7		(314,116)		(187,229)
Net assets			1,240		13,618
Capital and reserves
Called up share capital			10		10
Other reserves			10		10
Profit and loss account			1,220		13,598
Shareholders' funds			1,240		13,618