REGISTERED NUMBER: 03752576 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

ALL PULLEY & GEAR DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Patton

REGISTERED OFFICE:

Units 1 & 2 Kendon Business Park

Maritime Close

Medway City Estate

Rochester

Kent

ME2 4JF

REGISTERED NUMBER:

03752576 (England and Wales)

ACCOUNTANTS:

Friend & Grant Ltd

Bryant House

Bryant Road

Strood

Rochester

Kent

ME2 3EW

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

469,142

447,871

469,142

447,871

CURRENT ASSETS

Stocks

17,072

36,790

Debtors

7

226,898

193,040

Cash at bank and in hand

8,559

38,245

252,529

268,075

CREDITORS

Amounts falling due within one year

8

321,765

180,668

NET CURRENT (LIABILITIES)/ASSETS

(69,236

)

87,407

TOTAL ASSETS LESS CURRENT LIABILITIES

399,906

535,278

CREDITORS

Amounts falling due after more than one year

9

(57,227

)

(35,259

)

PROVISIONS FOR LIABILITIES

(13,329

)

(9,696

)

NET ASSETS

329,350

490,323

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

329,250

490,223

SHAREHOLDERS' FUNDS

329,350

490,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 22 December 2025 and were signed by:

M A Patton - Director

1.	STATUTORY INFORMATION

All Pulley & Gear Developments Ltd 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.

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

2.	STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction;

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, has been amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

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 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

Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

Employee benefits

The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

434,929

24,668

478,533

Additions

-

-

45,000

At 31 March 2025

434,929

24,668

523,533

DEPRECIATION

At 1 April 2024

50,194

20,497

423,148

Charge for year

(3,301

)

1,041

25,096

At 31 March 2025

46,893

21,538

448,244

NET BOOK VALUE

At 31 March 2025

388,036

3,130

75,289

At 31 March 2024

384,735

4,171

55,385

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

7,400

9,783

955,313

Additions

-

-

45,000

At 31 March 2025

7,400

9,783

1,000,313

DEPRECIATION

At 1 April 2024

5,561

8,042

507,442

Charge for year

458

435

23,729

At 31 March 2025

6,019

8,477

531,171

NET BOOK VALUE

At 31 March 2025

1,381

1,306

469,142

At 31 March 2024

1,839

1,741

447,871

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

45,500

Additions

45,000

At 31 March 2025

90,500

DEPRECIATION

At 1 April 2024

19,906

Charge for year

17,648

At 31 March 2025

37,554

NET BOOK VALUE

At 31 March 2025

52,946

At 31 March 2024

25,594

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

156,176

170,580

Amounts owed by group undertakings

5,136

1,536

Other debtors

65,586

20,924

226,898

193,040

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,821

10,337

Hire purchase contracts

15,048

7,583

Trade creditors

72,537

36,081

Taxation and social security

172,725

64,772

Other creditors

54,634

61,895

321,765

180,668

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

6,821

Hire purchase contracts

57,227

28,438

57,227

35,259

10.	SECURED DEBTS

SME Platform UK Lending No.1 DAC has a fixed and floating charge over the freehold property known as Units 1 and 2, Kenden Business Park, Maritime Close, Medway City Estate, Rochester (ME2 4JF).

The fixed and floating charge also covers all other undertakings of the company.

11.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £131,866 (2024 - £92,766).

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M A Patton

Balance outstanding at start of year

12,575

-

Amounts advanced

55,337

13,459

Amounts repaid

(38,033

)

(884

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,879

12,575

The loan from the company to the director is unsecured and repayable on demand. Interest has been charged on the loan at the official rate per HMRC.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Gresley Group Ltd.