REGISTERED NUMBER: 11071103 (England and Wales)

ALMGREN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 MARCH 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Intangible assets

4

111,000

148,000

Tangible assets

5

274,222

297,735

385,222

445,735

CURRENT ASSETS

Stocks

8,000

8,000

Debtors

6

121,094

92,466

Cash at bank and in hand

42,322

40,308

171,416

140,774

CREDITORS

Amounts falling due within one year

7

(173,986

)

(107,125

)

NET CURRENT (LIABILITIES)/ASSETS

(2,570

)

33,649

TOTAL ASSETS LESS CURRENT LIABILITIES

382,652

479,384

CREDITORS

Amounts falling due after more than one year

8

(358,175

)

(420,978

)

PROVISIONS FOR LIABILITIES

(22,155

)

(27,234

)

NET ASSETS

2,322

31,172

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,222

31,072

2,322

31,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 April 2026 and were signed by:

Dr M K Almgren - Director

1.	STATUTORY INFORMATION

Almgren Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11071103

Registered office:

34 Maidenburgh Street

Colchester

Essex

CO1 1UB

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

life.

Freehold property - 4% straight line

Plant and machinery - 15% on cost

Fixtures and fittings - 25% on cost

Computer equipment - 25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 March 2024

and 29 March 2025

370,000

AMORTISATION

At 30 March 2024

222,000

Charge for year

37,000

At 29 March 2025

259,000

NET BOOK VALUE

At 29 March 2025

111,000

At 29 March 2024

148,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 30 March 2024

207,999

129,898

7,131

8,636

353,664

Additions

-

-

256

2,227

2,483

At 29 March 2025

207,999

129,898

7,387

10,863

356,147

DEPRECIATION

At 30 March 2024

19,200

26,798

5,617

4,314

55,929

Charge for year

3,200

19,485

1,040

2,271

25,996

At 29 March 2025

22,400

46,283

6,657

6,585

81,925

NET BOOK VALUE

At 29 March 2025

185,599

83,615

730

4,278

274,222

At 29 March 2024

188,799

103,100

1,514

4,322

297,735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,570

13,097

Other debtors

117,524

79,369

121,094

92,466

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

35,482

32,185

Hire purchase contracts

25,011

22,378

Trade creditors

5,976

-

Taxation and social security

105,802

50,900

Other creditors

1,715

1,662

173,986

107,125

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

344,598

382,352

Hire purchase contracts

13,577

38,626

358,175

420,978

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

241,002

281,945

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

38,588

61,004

Bank loans

-

392,869

38,588

453,873

There are fixed and floating charges in favour of Lloyds Bank PLC over all the property and undertaking of the company.

The hire purchase balances are secured on the assets to which they relate.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Within the year, the director repaid the Company £12,116 (2024: £132,810) and was advanced £41,523 (2024: £38,804). At the year end the director owed the Company £86,795 (2024: £57,388).