Alan Tuer Limited


Directors	FOSTER, Michael Thomas
	FOSTER, Stephanie Jane


Company Secretary	FOSTER, Stephanie Jane


Registered Address	Northview
	Blackford
	Carlisle
	CA6 4EA


Registered Number	01407378 (England and Wales)

Notes to the Financial Statements
for the year ended 30 April 2026

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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

	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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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 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/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover 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.

	Employee benefits
	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 obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

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 obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of financial position.  The assets of the plan are held separately from the company in independently administered funds.

	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	20
Plant and machinery	-	6.67
Vehicles	25	-
Office Equipment	-	6.67

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	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. Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the lease term.

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. 

Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the lease term.

	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). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	16		15

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 May 25	198,038	8,795,733	301,411	10,040	9,305,222
Additions	-	1,933,415	6,645	-	1,940,060
Disposals	-	(69,454)	-	-	(69,454)
At 30 April 26	198,038	10,659,694	308,056	10,040	11,175,828
Depreciation and impairment
At 01 May 25	21,221	4,688,655	246,355	10,040	4,966,271
Charge for year	2,048	1,121,699	15,287	-	1,139,034
On disposals	-	(418)	-	-	(418)
At 30 April 26	23,269	5,809,936	261,642	10,040	6,104,887
Net book value
At 30 April 26	174,769	4,849,758	46,414	-	5,070,941
At 30 April 25	176,817	4,107,078	55,056	-	4,338,951

4.	Investment property
	The 2023 valuations were made by the directors, on an open market value for existing use basis. Had the investment properties been measured at historical cost the amount would have been £91,501.


		£
	Fair value at 01 May 25	117,001
	At 30 April 26	117,001

5.	Stocks
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of financial position, inventories are assessed for impairment. If inventory is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Statement of Earnings.

Stocks

Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
At each date of Statement of financial position, inventories are assessed for impairment.  If inventory is impaired, the carrying amount is reduced to its selling price less costs to completed the sale.  The impairment loss is recognised immediately in the Statement of Earnings.

	2026	2025
	£	£
Raw materials and consumables	175,000	350,000
Total	175,000	350,000

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	1,012,570	747,447
Other debtors	210,985	252,262
Prepayments and accrued income	39,445	40,412
Total	1,263,000	1,040,121

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	558,211	444,498
Bank borrowings and overdrafts	834	10,000
Taxation and social security	150,006	7,545
Finance lease and HP contracts	1,234,513	958,393
Other creditors	232,191	233,173
Accrued liabilities and deferred income	40,033	14,112
Total	2,215,788	1,667,721


	Obligations under hire purchase contracts are secured against the assets to which they relate.

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	834
Other creditors	291,354	451,029
Total	291,354	451,863


	Obligations under hire purchase contracts are secured against the assets to which they relate.

9.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	1,525,868		1,409,423

10.	Provisions for liabilities
	The provision for deferred tax is made up of a liability of £904,834 in respect of accelerated capital allowances and an asset of £Nil in respect of losses.

	2026	2025
	£	£
Net deferred tax liability (asset)	904,834	847,941
Total	904,834	847,941

11.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £12,580 (2025: £15,178). Contributions totalling £1,918 (2025: £5,996) were payable to the fund at the reporting date and are included in creditors.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		5,070,941		4,338,951
Investment property	4		117,001		117,001
			5,187,942		4,455,952
Current assets
Stocks	5	175,000		350,000
Debtors	6	1,263,000		1,040,121
		1,438,000		1,390,121
Creditors amounts falling due within one year	7	(2,215,788)		(1,667,721)
Net current assets (liabilities)			(777,788)		(277,600)
Total assets less current liabilities			4,410,154		4,178,352
Creditors amounts falling due after one year	8		(291,354)		(451,863)
Provisions for liabilities	10		(904,834)		(847,941)
Net assets			3,213,966		2,878,548
Capital and reserves
Called up share capital			50,000		50,000
Other reserves			20,655		20,655
Profit and loss account			3,143,311		2,807,893
Shareholders' funds			3,213,966		2,878,548