Company Registration No. 02251235 (England and Wales)
Altrans Liquids Limited
Unaudited accounts
for the year ended 30 September 2022
Altrans Liquids Limited
Unaudited accounts
Contents
Altrans Liquids Limited
Statement of financial position
as at 30 September 2022
Tangible assets
87,647
114,562
Cash at bank and in hand
64,954
75,422
Creditors: amounts falling due within one year
(183,009)
(81,737)
Net current assets
152,749
176,712
Total assets less current liabilities
240,396
291,274
Creditors: amounts falling due after more than one year
(14,204)
(20,571)
Provisions for liabilities
Deferred tax
(7,311)
(11,387)
Net assets
218,881
259,316
Called up share capital
61,200
61,200
Profit and loss account
157,681
198,116
Shareholders' funds
218,881
259,316
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2023 and were signed on its behalf by
J Dembrey
Director
Company Registration No. 02251235
Altrans Liquids Limited
Notes to the Accounts
for the year ended 30 September 2022
Altrans Liquids Limited is a private company, limited by shares, registered in England and Wales, registration number 02251235. The registered office is Sheephouse Farm, Uley Road, Dursley, Gloucestershire, GL11 5AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
15% straight line
Motor vehicles
25% straight line
Fixtures & fittings
15% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Altrans Liquids Limited
Notes to the Accounts
for the year ended 30 September 2022
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Total
At 30 September 2022
699,698
Charge for the year
26,915
At 30 September 2022
612,051
At 30 September 2022
87,647
At 30 September 2021
114,562
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Average number of employees
During the year the average number of employees was 5 (2021: 6).
