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Company registration number: 02882348

Alberti Limited
Filleted Annual Report and Financial Statements
for the Year Ended 31 October 2025

Alberti Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 10

Alberti Limited

(Registration number: 02882348)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,219,638 | 2,469,763
Current assets |  |  |
Stocks | 5 | 69,097 | 84,267
Debtors | 6 | 1,467,246 | 1,480,634
Cash at bank and in hand |  | 1,088,076 | 727,583
|  | 2,624,419 | 2,292,484
Creditors: Amounts falling due within one year | 7 | (2,291,653) | (2,269,404)
Net current assets |  | 332,766 | 23,080
Total assets less current liabilities |  | 2,552,404 | 2,492,843
Creditors: Amounts falling due after more than one year | 7 | (1,231,464) | (1,385,903)
Provisions for liabilities |  |  |
Deferred tax liabilities |  | (359,876) | (255,050)
Net assets |  | 961,064 | 851,890
Capital and reserves |  |  |
Called up share capital |  | 1,111 | 1,111
Share premium reserve |  | 5,439 | 5,439
Profit and loss account |  | 954,514 | 845,340
Total equity |  | 961,064 | 851,890

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 22 July 2026 and signed on its behalf by:

S R Keedwell Company secretary and director |  |

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

The principal place of business is:
Unit 9
Allenbrook Road
Rosehill Industrial Estate
Carlisle
CA1 2UT

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

Key sources of estimation uncertainty

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these significant judgements and estimates have been made include:
1. The going concern basis of preparation
The directors consider it appropriate to prepare the financial statements on a going concern basis. In forming this conclusion the directors have assessed the company’s future trading and cash requirements. However as the company is a member of the S R Keedwell Holdings Limited group (together the “group”) the directors have also assessed the viability of both the company and the group in forming their conclusion.
At the year end the company had net current assets of £332,766 (2024 - £23,080) and net assets of £961,064 (2024 - £851,890). However, the company trades with other group companies and at the year end was owed £59,461 (2024 - £83,011) and owed £1,224,511 (2024 - £1,083,469) to fellow group companies. The company is also part of a group guarantee (see note 9 for further information). It has been confirmed, by group confirmation, for at least 12 months from the approval of these financial statements, that the group companies will not seek settlement of outstanding balances if it is considered detrimental to the ability of that company to continue trading. It has also been confirmed that the group will provide its members with any required support for at least 12 months from the approval date of these financial statements. The group, per its consolidated financial statements has consolidated net current assets of £16,673,805 (2024 - £14,811,292) and net assets of £30,559,179 (2024 - £28,295,146) as at 31 October 2025.
The directors have concluded that the trading forecast combined with the funding arrangements will enable the company and group to meet their liabilities as they fall due for at least 12 months from the date of approving the financial statements.
2. Depreciation rates
The directors assess and adopt an appropriate depreciation rate for each class of asset based on the anticipated useful economic life and expected residual value of the assets. These are reassessed annually for changes in legislation and other factors that may limit the useful economic life and the potential residual value. The current year depreciation charge is £531,139 and so a change in the adopted rate may materially impact the result for the financial year. There has been no change in the current year.

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

Turnover recognition

Turnover represents the receipts or amounts receivable from haulage services provided net of value added tax. Turnover for hire of haulage vehicles is recognised in the period to which it relates. Turnover from haulage services provided is recognised at the point of delivery.

Government grants

Government grants are recognised under the accruals model resulting in income being recognised on a systematic basis over the period in which the related costs are incurred for which the grant is compensating. The income from the scheme is recognised as other income in the profit and loss and timing differences presented as other debtors or deferred income within the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Long leasehold land and buildings | Straight line over 99 years
Plant and machinery | 15% reducing balance
Motor vehicles | 25% reducing balance
Lorries and trailers | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Other debtors and loans receivable are initially recognised at fair value net of transaction costs and are subsequently measured at amortised cost using the effective interest method less any provision for impairment.

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Short term trade creditors are measured at the transaction price, which is deemed to equate to amortised cost. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

Reserves

Called up share capital represents the nominal value of shares that have been issued.
Share premium reserve includes any premiums received on the issue of share capital. Transaction costs associated with the issuing of shares are deducted from the share premium.
Profit and loss account includes all current and prior period profits and losses.

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

Leases

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 56 (2024 - 60).

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Plant and machinery £ | Lorries and trailers £ | Total £
Cost or valuation
At 1 November 2024 | 447,910 | 71,643 | 411,458 | 5,418,854 | 6,349,865
Additions | - | 7,995 | 7,500 | 341,500 | 356,995
Disposals | - | (42,893) | (181,744) | (1,135,432) | (1,360,069)
At 31 October 2025 | 447,910 | 36,745 | 237,214 | 4,624,922 | 5,346,791
Depreciation
At 1 November 2024 | 72,598 | 42,509 | 315,329 | 3,449,666 | 3,880,102
Charge for the year | 4,479 | 6,968 | 13,352 | 506,340 | 531,139
Eliminated on disposal | - | (25,069) | (170,254) | (1,088,765) | (1,284,088)
At 31 October 2025 | 77,077 | 24,408 | 158,427 | 2,867,241 | 3,127,153
Carrying amount
At 31 October 2025 | 370,833 | 12,337 | 78,787 | 1,757,681 | 2,219,638
At 31 October 2024 | 375,312 | 29,134 | 96,129 | 1,969,188 | 2,469,763

Included within the net book value of land and buildings above is £370,833 (2024 - £375,312) in respect of long leasehold land and buildings.

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

5 | Stocks

| 2025 £ | 2024 £
Stocks | 69,097 | 84,267

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 1,253,019 | 1,175,059
Amounts owed by related parties | 10 | 59,461 | 83,011
Prepayments |  | 154,766 | 219,564
Other debtors |  | - | 3,000
|  | 1,467,246 | 1,480,634

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 456,212 | 434,552
Trade creditors |  | 259,828 | 316,427
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | 1,221,892 | 1,083,469
Taxation and social security |  | 262,048 | 225,805
Accruals and deferred income |  | 35,202 | 105,591
Other creditors |  | 56,471 | 103,560
|  | 2,291,653 | 2,269,404

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 456,212 | 434,552

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 1,231,464 | 1,385,903

Other borrowings

Finance lease liabilities are secured on the lorries and trailers they are financing. At the balance sheet date the net book value of the assets was £1,685,031 (2024 - £1,868,516).

Alberti Limited

Notes to the Financial Statements
for the Year Ended 31 October 2025

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £2,206,735 (2024 - £2,222,847). The total commitment relates to non-cancellable operating leases for the rental of property. The total commitment is due over the following periods: £18,235 (2024 - £14,730) in one year, £72,940 (2024 - £58,920) in two to five years and £2,115,560 (2024 - £780,690) in more than five years.

Guarantees
The total amount of guarantees not included in the balance sheet is £Nil (2024 - £Nil). The company has provided an unlimited guarantee in favour of Barclays Bank PLC covering the liabilities of all companies within the R. T. Keedwell Holdings Group (excluding Truck Tech Yorkshire Limited, Junction 22 Trailers Limited and Keedwell Konnect Limited). The bank has secured this debt against an unlimited debenture over all assets of the company.

10 | Related party transactions

Summary of transactions with related parties

The company has not entered into any material transactions with related parties that have not been concluded under normal market conditions.

11 | Parent and ultimate parent undertaking

The company's immediate parent is R. T. Keedwell Holdings Limited, incorporated in England and Wales.
The most senior parent entity producing publicly available financial statements in which the company is fully consolidated is S. R. Keedwell Holdings Limited. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.

12 | Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 23 July 2026 was Christopher Walford FCA, who signed for and on behalf of Albert Goodman LLP.