Altonlord Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01920738 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Altonlord Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Edwards

Mrs A Edwards

E Edwards

SECRETARY:

Mrs A Edwards

REGISTERED OFFICE:

1 Greythorp Ind. Estate

Hartlepool

TS25 2DF

REGISTERED NUMBER:

01920738 (England and Wales)

ACCOUNTANTS:

Christopher Bailey Accountants (Redcar) Ltd

The Bailey Group

46-48 Coatham Road

Redcar

TS10 1RS

FIXED ASSETS

Tangible assets

4

773,421

544,717

CURRENT ASSETS

Stocks

21,880

6,380

Debtors

5

263,354

325,307

Cash at bank

1,150

34,486

286,384

366,173

CREDITORS

Amounts falling due within one year

6

(328,221

)

(243,022

)

NET CURRENT (LIABILITIES)/ASSETS

(41,837

)

123,151

TOTAL ASSETS LESS CURRENT LIABILITIES

731,584

667,868

CREDITORS

Amounts falling due after more than one year

7

(296,655

)

(198,703

)

PROVISIONS FOR LIABILITIES

(88,700

)

(78,500

)

NET ASSETS

346,229

390,665

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

346,129

390,565

SHAREHOLDERS' FUNDS

346,229

390,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 on 12 September 2019 and were signed on its behalf by:

E Edwards - Director

1.	STATUTORY INFORMATION

Altonlord 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

15% on reducing balance

Plant and machinery etc

-

33% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2018 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2018

165,624

778,145

943,769

Additions

89,835

254,311

344,146

Disposals

-

(57,000

)

(57,000

)

At 30 April 2019

255,459

975,456

1,230,915

DEPRECIATION

At 1 May 2018

33,963

365,089

399,052

Charge for year

3,204

100,238

103,442

Eliminated on disposal

-

(45,000

)

(45,000

)

At 30 April 2019

37,167

420,327

457,494

NET BOOK VALUE

At 30 April 2019

218,292

555,129

773,421

At 30 April 2018

131,661

413,056

544,717

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2018

189,716

Additions

230,534

At 30 April 2019

420,250

DEPRECIATION

At 1 May 2018

49,436

Charge for year

48,530

At 30 April 2019

97,966

NET BOOK VALUE

At 30 April 2019

322,284

At 30 April 2018

140,280

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

223,923

268,191

Other debtors

39,431

57,116

263,354

325,307

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

35,038

7,117

Hire purchase contracts

77,439

47,776

Trade creditors

50,649

63,071

Taxation and social security

103,374

82,157

Other creditors

61,721

42,901

328,221

243,022

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans

91,925

99,040

Hire purchase contracts

204,730

99,663

296,655

198,703

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

63,458

70,572

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.19

30.4.18

£

£

Bank loans

99,041

106,157

The Bank Loan is secured as follows:

1. Guarantee for £70,000, Mr Michael Edwards, Mrs Ann Edwards, Mr Evan Edwards.

Supported by a 1st legal charge, Unit 1 , Greythorpe Industrial Estate, Hartlepool and its associated assets.

2. Debenture, Altonlord Limited.

3.. Freehold 1st Legal Charge, Land and Buildings at Straker Rotary, Greythorpe Industrial Estate, Hartlepool,

and its associated assets.