Anlore Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12084246 (England and Wales)

Financial Statements

For The Year Ended 31 August 2023

for

Anlore Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E F McGurk

Mrs L J Rowe

REGISTERED OFFICE:

Gloucester House

29 Brunswick Square

Gloucester

Gloucestershire

GL1 1UN

REGISTERED NUMBER:

12084246 (England and Wales)

AUDITORS:

Kingscott Dix Limited

Chartered Accountants

and Statutory Auditor

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Tangible assets

4

60,081

119,363

Investments

5

100

100

60,181

119,463

CURRENT ASSETS

Debtors

6

625,272

679,875

Cash at bank

342

32,105

625,614

711,980

CREDITORS

Amounts falling due within one year

7

427,550

515,711

NET CURRENT ASSETS

198,064

196,269

TOTAL ASSETS LESS CURRENT LIABILITIES

258,245

315,732

PROVISIONS FOR LIABILITIES

1,264

6,230

NET ASSETS

256,981

309,502

CAPITAL AND RESERVES

Called up share capital

8

100

100

Share premium

149,975

149,975

Retained earnings

106,906

159,427

SHAREHOLDERS' FUNDS

256,981

309,502

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 Board of Directors and authorised for issue on 31 May 2024 and were signed on its behalf by:

E F McGurk - Director

1.	STATUTORY INFORMATION

Anlore Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements

The financial statements contain information about Anlore Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, McGurk Group Limited, Gloucester House, Brunswick Square, Gloucester, GL11UN.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance and 15% on cost

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 September 2022

158,227

143,915

302,142

Disposals

(72,000

)

-

(72,000

)

At 31 August 2023

86,227

143,915

230,142

DEPRECIATION

At 1 September 2022

78,393

104,386

182,779

Charge for year

15,067

9,115

24,182

Eliminated on disposal

(36,900

)

-

(36,900

)

At 31 August 2023

56,560

113,501

170,061

NET BOOK VALUE

At 31 August 2023

29,667

30,414

60,081

At 31 August 2022

79,834

39,529

119,363

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2022

and 31 August 2023

100

NET BOOK VALUE

At 31 August 2023

100

At 31 August 2022

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Anlore Haulage & Plant Limited

Registered office: Gloucester House, 29 Brunswick Square, Gloucester, England, GL1 1UN

Nature of business: Haulage and transport

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Amounts owed by group undertakings

625,197

679,800

Other debtors

75

75

625,272

679,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.23

31.8.22

£

£

Trade creditors

-

1,800

Amounts owed to group undertakings

425,450

395,450

Taxation and social security

-

116,361

Other creditors

2,100

2,100

427,550

515,711

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Nominal

31.8.23

31.8.22

Number:

Class:

Value:

£

£

1,000

Ordinary shares

£0.10

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Morgan (Senior Statutory Auditor)

for and on behalf of Kingscott Dix Limited

10.	CONTINGENT LIABILITIES

The company has given a composite cross guarantee in respect of loans and overdrafts for some companies in the McGurk Group Limited group. As at 31 August 2023 this amounted to £9,449,781 (2022: £11,374,670.

All companies are under the control of E F McGurk.

11.	CONSOLIDATED ACCOUNTS

The company's ultimate parent company McGurk Group Limited produces consolidated accounts.

Information regarding the consolidated accounts of McGurk Group Limited can be obtained from its registered office, Gloucester House, 29 Brunswick Square, Gloucester, GL1 1UN.