Alfred Harrold (Containers) Limited 31/03/2023 iXBRL

Alfred Harrold (Containers) Limited 31/03/2023 iXBRL

ALFRED HARROLD (CONTAINERS) LIMITED - Company Information

Print Friendly Version

0 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 01526074 2022-04-01 2023-03-31 01526074 2023-03-31 01526074 2022-03-31 01526074 2021-04-01 2022-03-31 01526074 2022-03-31 01526074 core:PlantMachinery 2022-04-01 2023-03-31 01526074 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 01526074 core:MotorVehicles 2022-04-01 2023-03-31 01526074 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 01526074 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 01526074 bus:Director1 2022-04-01 2023-03-31 01526074 bus:Director2 2022-04-01 2023-03-31 01526074 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 01526074 core:PlantMachinery 2022-03-31 01526074 core:FurnitureFittingsToolsEquipment 2022-03-31 01526074 core:MotorVehicles 2022-03-31 01526074 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01526074 core:PlantMachinery 2023-03-31 01526074 core:FurnitureFittingsToolsEquipment 2023-03-31 01526074 core:MotorVehicles 2023-03-31 01526074 core:DeferredTaxation 2022-04-01 2023-03-31 01526074 core:WithinOneYear 2023-03-31 01526074 core:WithinOneYear 2022-03-31 01526074 core:UKTax 2021-04-01 2022-03-31 01526074 core:ShareCapital 2023-03-31 01526074 core:ShareCapital 2022-03-31 01526074 core:RetainedEarningsAccumulatedLosses 2023-03-31 01526074 core:RetainedEarningsAccumulatedLosses 2022-03-31 01526074 bus:OrdinaryShareClass1 core:ShareCapital 2023-03-31 01526074 bus:OrdinaryShareClass1 core:ShareCapital 2022-03-31 01526074 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 01526074 core:Non-currentFinancialInstruments 2023-03-31 01526074 core:Non-currentFinancialInstruments 2022-03-31 01526074 core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01526074 core:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01526074 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 01526074 core:PlantMachinery 2022-03-31 01526074 core:FurnitureFittingsToolsEquipment 2022-03-31 01526074 core:MotorVehicles 2022-03-31 01526074 core:DeferredTaxation 2022-03-31 01526074 core:DeferredTaxation 2023-03-31 01526074 bus:SmallEntities 2022-04-01 2023-03-31 01526074 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01526074 bus:FullAccounts 2022-04-01 2023-03-31 01526074 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01526074 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Company registration number: 01526074
ALFRED HARROLD (CONTAINERS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
ALFRED HARROLD (CONTAINERS) LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
ALFRED HARROLD (CONTAINERS) LIMITED
Directors report
Year ended 31 March 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023.
Directors
The directors who served the company during the year were as follows:
Mr. S. Allison
Mr A. M. Johnson
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 07 July 2023 and signed on behalf of the board by:
Mr. S. Allison
Director
ALFRED HARROLD (CONTAINERS) LIMITED
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Alfred Harrold (Containers) Limited
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Alfred Harrold (Containers) Limited for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Alfred Harrold (Containers) Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Alfred Harrold (Containers) Limited and state those matters that we have agreed to state to the board of directors of Alfred Harrold (Containers) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Alfred Harrold (Containers) Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Alfred Harrold (Containers) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alfred Harrold (Containers) Limited. You consider that Alfred Harrold (Containers) Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Alfred Harrold (Containers) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Robert Pola
Chartered Accountant
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
7 July 2023
ALFRED HARROLD (CONTAINERS) LIMITED
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 180,313 167,940
Investments 6 125 125
_______ _______
180,438 168,065
Current assets
Stocks 255,466 239,366
Debtors 7 125,938 127,448
Cash at bank and in hand 34,563 71,155
_______ _______
415,967 437,969
Creditors: amounts falling due
within one year 8 ( 98,339) ( 113,849)
_______ _______
Net current assets 317,628 324,120
_______ _______
Total assets less current liabilities 498,066 492,185
Provisions for liabilities 9 ( 3,164) ( 2,046)
_______ _______
Net assets 494,902 490,139
_______ _______
Capital and reserves
Called up share capital 11 30,000 30,000
Profit and loss account 464,902 460,139
_______ _______
Shareholders funds 494,902 490,139
_______ _______
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 July 2023 , and are signed on behalf of the board by:
Mr. S. Allison
Director
Company registration number: 01526074
ALFRED HARROLD (CONTAINERS) LIMITED
Notes to the financial statements
Year ended 31 March 2023
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
3. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2023 2022
£ £
Depreciation of tangible assets 2,427 4,136
_______ _______
4. Tax on profit
Major components of tax expense
2023 2022
£ £
Current tax:
UK current tax expense - 4,307
_______ _______
Deferred tax:
Origination and reversal of timing differences 1,118 ( 274)
_______ _______
Tax on profit 1,118 4,033
_______ _______
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 April 2022 155,536 23,906 12,904 74,373 266,719
Additions - - - 20,999 20,999
Disposals - - - ( 42,729) ( 42,729)
_______ _______ _______ _______ _______
At 31 March 2023 155,536 23,906 12,904 52,643 244,989
_______ _______ _______ _______ _______
Depreciation
At 1 April 2022 - 22,425 12,638 63,716 98,779
Charge for the year - 370 67 1,990 2,427
Disposals - - - ( 36,530) ( 36,530)
_______ _______ _______ _______ _______
At 31 March 2023 - 22,795 12,705 29,176 64,676
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2023 155,536 1,111 199 23,467 180,313
_______ _______ _______ _______ _______
At 31 March 2022 155,536 1,481 266 10,657 167,940
_______ _______ _______ _______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1 April 2022 and 31 March 2023 125 125
_______ _______
Impairment
At 1 April 2022 and 31 March 2023 - -
_______ _______
Carrying amount
At 31 March 2023 125 125
_______ _______
At 31 March 2022 125 125
_______ _______
7. Debtors
2023 2022
£ £
Trade debtors 125,507 127,017
Other debtors 431 431
_______ _______
125,938 127,448
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 82,563 99,497
Corporation tax - 4,307
Social security and other taxes 10,553 7,385
Other creditors 5,223 2,660
_______ _______
98,339 113,849
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1 April 2022 2,046 2,046
Additions 1,118 1,118
_______ _______
At 31 March 2023 3,164 3,164
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023 2022
£ £
Included in provisions (note 9) 3,164 2,046
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2023 2022
£ £
Accelerated capital allowances 3,164 2,046
_______ _______
11. Called up share capital
Authorised share capital
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 30,000 30,000 30,000 30,000
_______ _______ _______ _______
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 30,000 30,000 30,000 30,000
_______ _______ _______ _______