Company Registration No. 00502230 (England and Wales)
ALVIS BROTHERS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ALVIS BROTHERS LIMITED
COMPANY INFORMATION
Directors
Mr J Alvis (Senior)
Mr M Alvis
Mr J Alvis (Junior)
Mr P Alvis
Secretary
Mrs P Alvis
Company number
00502230
Registered office
Lye Cross Farm
Redhill
Wrington
Bristol
BS40 5RH
Auditor
Lentells Limited
Ash House
Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ
Business address
Lye Cross Farm
Redhill
Wrington
Bristol
BS40 5RH
Bankers
HSBC Bank plc
30 High Street
Weston-Super-Mare
North Somerset
BS23 1JE
Solicitors
Bennetts
High Street
Wrington
Bristol
BS18 7QB
ALVIS BROTHERS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2
Directors' responsibilities statement
3
Independent auditor's report
4 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Statement of cash flows
11
Notes to the financial statements
12 - 29
ALVIS BROTHERS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2022
- 1 -
The directors present the strategic report and financial statements for the year ended 31 March 2022.
Introduction
The company's principle activity continues to be cheese making, alongside the production of food and feed grade by-products
Fair review of the business
During the year, one of the main challenges has been to return our operations to fulfil the pre-pandemic Sales profile within our established customer base. This has been coupled with the significant effort in adapting to the new requirements contained within the Trade Agreement to allow the company to continue to export a significant volume of Cheese to European countries. Succeeding in these two areas has enabled the company to continue to trade profitably during a period of difficult trading conditions.
Principal risks and uncertainties
As an established maker of cheese, the principal risks and uncertainties that the business face are related to those inherent in a commodity market.
Supply chain stability, product demand and competition in our marketplace are all a function of milk price which in turn is a function of how well the supply and demand of milk and milk-based products are matched in a global market.
Beyond monitoring global market prices and predictions it is difficult to set KPI’s that appropriately monitor these risks and uncertainties. On that basis non have been included in this strategic report but these macroeconomic factors will undoubtedly have a large influence on the trading conditions that the company faces particularly in the coming financial year with heightened volatility.
Mr P Alvis
Director
22 December 2022
ALVIS BROTHERS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
The directors present their annual report and financial statements for the year ended 31 March 2022.
Principal activities
The principal activity of the company continued to be that of cheese making. Food grade protein is also extracted from the whey. The remaining permeate is fed to animals and the excess water recycled. Nothing is wasted.
Milk is produced, some of which is sold if not required for cheese. The company also generates income from its other assets, especially land and buildings. The company has a 50% interest in Alvis Contracting, a limited Liability Partnership, specialising in agricultural contracting.
Results and dividends
The results for the year are set out on page 7.
Ordinary dividends were paid amounting to £26,667. The directors do not recommend payment of a final dividend.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr J Alvis (Senior)
Mr M Alvis
Mr J Alvis (Junior)
Mr P Alvis
Auditor
In accordance with the company's articles, a resolution proposing that Lentells Limited be reappointed as auditor of the company will be put at a General Meeting.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s
auditor
is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s
auditor
is aware of that information.
On behalf of the board
Mr P Alvis
Director
22 December 2022
ALVIS BROTHERS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ALVIS BROTHERS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF ALVIS BROTHERS LIMITED
- 4 -
Opinion
We have audited the financial statements of Alvis Brothers Limited (the 'company') for the year ended 31 March 2022 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the company's affairs as at 31 March 2022 and of its profit for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the
Auditor's
responsibilities for the audit of the
financial statements
section of our report. We are independent of the
company
in accordance with the ethical requirements that are relevant to our audit of the
financial statements
in the UK, including the FRC’s Ethical Standard
, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit
:
-
the information given in the strategic report and the directors'
r
eport for the financial year for which the financial statements are prepared is consistent with the financial statements
; and
-
the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
ALVIS BROTHERS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ALVIS BROTHERS LIMITED
- 5 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie
d
material misstatements in the strategic report or the directors'
r
eport
.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of
remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors'
r
esponsibilities
s
tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of
financial statements
that are free from material misstatement, whether due to fraud or error. In preparing the
financial statements
, the
directors are
responsible for assessing the company
'
s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have
no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the
financial statements
as a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's
report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAs (UK)
will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements
.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below
.
As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to the entity and the industry/sector in which it operates to identify the key laws and regulations affecting the entity. As part of this assessment process we discussed with management the laws and regulations applicable to the company, review certification identified on the company website and other communications and considered findings from previous audits.
The key laws and regulations we identified were food standards including hygiene, labelling and traceability, environmental regulations, health and safety regulations and employment laws.
We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, primarily Companies Act 2006 and relevant UK tax law.
We discussed with management how the compliance with these laws and regulations is monitored and discussed policies and procedures in place.
We also identified the individuals who have responsibility for ensuring that the entity complies with laws and regulations and deal with reporting any issues if they arise.
As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the entity’s ability to continue trading and the risk of material misstatement to the financial statements.
ALVIS BROTHERS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF ALVIS BROTHERS LIMITED
- 6 -
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved the following:
-
Enquiries of management regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements;
-
Reviewed legal and professional costs to identify any possible non-compliance or legal costs in respect of non-compliance; and
-
Reviewed Board minutes
As part of our enquiries we discussed with management whether there have been any known instances, allegations or suspicions of fraud, of which management confirmed there had been none during or after the period.
We also evaluated the risk of fraud through management override. They key risks we identified were financial loan covenants, and we determined that the principal risks were related to the valuation of stock, cut-off in respect of cost recognition, classification of capital expenditure and management override of controls.
In response to the identified risk, as part of our audit work we:
-
Review journal entries throughout the year, for accuracy and appropriateness;
-
Reviewed estimates and judgements made in the financial statements for any indication of bias and challenged assumptions used by management in making the estimates;
-
Undertook physical stock counts at the year end
-
Undertook specific cut off procedures in respect of cost recognition
-
Review of capital and repairs expenditure
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statement. This risk increases the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
P A Stallard FCA
Senior Statutory Auditor
For and on behalf of Lentells Limited
22 December 2022
Chartered Certified Accountants
Statutory Auditors
Ash House
Cook Way
Bindon Road
Taunton
Somerset
TA2 6BJ
ALVIS BROTHERS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
- 7 -
2022
2021
Notes
£
£
Turnover
3
32,427,036
30,008,156
Cost of sales
(24,452,357)
(22,300,758)
Gross profit
7,974,679
7,707,398
Distribution costs
(157,767)
(169,119)
Administrative expenses
(7,354,861)
(7,417,052)
Other operating income
256,090
295,443
Operating profit
4
718,141
416,670
Interest receivable and similar income
7
153,973
223,240
Interest payable and similar expenses
8
(440,260)
(442,526)
Profit before taxation
431,854
197,384
Tax on profit
9
(20,346)
45,587
Profit for the financial year
411,508
242,971
The profit and loss account has been prepared on the basis that all operations are continuing operations.
ALVIS BROTHERS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2022
- 8 -
2022
2021
£
£
Profit for the year
411,508
242,971
Other comprehensive income
-
-
Total comprehensive income for the year
411,508
242,971
ALVIS BROTHERS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 9 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
12
22,559,491
22,879,974
Investments
14
2,096,821
1,998,744
24,656,312
24,878,718
Current assets
Stocks
15
14,720,511
14,446,500
Debtors
16
4,886,002
4,740,529
Cash at bank and in hand
1,676,341
534,607
21,282,854
19,721,636
Creditors: amounts falling due within one year
17
(9,177,592)
(7,912,092)
Net current assets
12,105,262
11,809,544
Total assets less current liabilities
36,761,574
36,688,262
Creditors: amounts falling due after more than one year
18
(13,477,523)
(13,809,398)
Provisions for liabilities
Deferred tax liability
21
441,499
421,153
(441,499)
(421,153)
Net assets
22,842,552
22,457,711
Capital and reserves
Called up share capital
23
30,000
30,000
Revaluation reserve
14,968,358
14,974,028
Profit and loss reserves
7,844,194
7,453,683
Total equity
22,842,552
22,457,711
The financial statements were approved by the board of directors and authorised for issue on 22 December 2022 and are signed on its behalf by:
Mr P Alvis
Director
Company Registration No. 00502230
ALVIS BROTHERS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022
- 10 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2020
30,000
14,974,028
7,237,379
22,241,407
Year ended 31 March 2021:
Profit and total comprehensive income for the year
-
-
242,971
242,971
Dividends
10
-
-
(26,667)
(26,667)
Balance at 31 March 2021
30,000
14,974,028
7,453,683
22,457,711
Year ended 31 March 2022:
Profit and total comprehensive income for the year
-
-
411,508
411,508
Dividends
10
-
-
(26,667)
(26,667)
Transfers
-
(5,670)
5,670
-
Balance at 31 March 2022
30,000
14,968,358
7,844,194
22,842,552
ALVIS BROTHERS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
- 11 -
2022
2021
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
2,365,450
728,466
Interest paid
(440,260)
(442,526)
Income taxes (paid)/refunded
236,503
Net cash inflow from operating activities
1,925,190
522,443
Investing activities
Purchase of tangible fixed assets
(127,383)
(360,077)
Proceeds on disposal of tangible fixed assets
95,886
28,300
Other investment income received
55,896
198,802
Net cash generated from/(used in) investing activities
24,399
(132,975)
Financing activities
Net increase in/(repayment of) bank loans
(153,617)
(189,088)
Net increase in/(repayment of) finance leases obligations
(45,608)
(53,773)
Dividends paid
(26,667)
(26,667)
Net cash used in financing activities
(225,892)
(269,528)
Net increase in cash and cash equivalents
1,723,697
119,940
Cash and cash equivalents at beginning of year
(1,794,293)
(1,914,233)
Cash and cash equivalents at end of year
(70,596)
(1,794,293)
Relating to:
Cash at bank and in hand
1,676,341
534,607
Bank overdrafts included in creditors payable within one year
(1,746,937)
(2,328,900)
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 12 -
1
Accounting policies
Company information
Alvis Brothers Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Lye Cross Farm, Redhill, Wrington, Bristol, BS40 5RH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Going concern
A
true
t the time of approving the financial statements
,
t
he directors have a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer
(usually on dispatch of the goods)
, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Tangible fixed assets are stated at cost or deemed cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings freehold
25 or 30 years straight line on buildings only
Plant and machinery
4% - 20% straight line or reducing balance
Motor vehicles
15% or 20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 13 -
1.5
Biological assets
Biological
assets
are recognised
only when three recognition criteria have been fulfilled:
-
the entity has control over the asset as a result of past events;
-
it is probable that future economic benefits associated with the asset will flow to the entity; and
-
the fair value or cost of the asset can be measured reliably.
The company measures biological assets at cost less accumulated depreciation and accumulated impairment losses.
In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at either;
-
lower of cost and estimated selling price less costs to complete and sell; or
-
fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at fair value less costs to sell being included in profit or loss.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Dairy herd
4 years/lactations
1.6
Impairment of fixed assets
At each reporting
period
end date, the
company
reviews the carrying amounts of its tangible
and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the
company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in
profit
or
loss
, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit)
in
prior years. A reversal of an impairment loss is recognised immediately in
profit
or
loss
, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.7
Stocks
Cheese stock, livestock, deadstock and growing crops
are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration
(e.g. packaging materials)
are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 14 -
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.8
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
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.
1.9
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
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, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in
profit
or
loss
, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
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.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal 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 are settled, or when
the company
transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 15 -
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
creditors
, bank loans, loans from
fellow group companies and preference shares that are classified as debt, 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
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
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. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts,
are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are
s
ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in
profit
or
loss
in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as
being measured at
fair value th
r
ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations
expire or are discharged or cancelled.
1.10
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.11
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 16 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the
profit and loss account
, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.12
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.13
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.14
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair
value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 17 -
1.15
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met
. Where a
grant does not specify performance conditions
it
is recognised in income when the proceeds are received or receivable
. A grant received before the recognition criteria are satisfied is recognised as a liability.
1.16
Foreign exchange
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Turnover and other revenue
An analysis of the company's turnover is as follows:
2022
2021
£
£
Turnover analysed by class of business
Cheese and dairy products
24,170,421
24,824,436
Milk
4,743,528
1,989,575
Livestock and crops
1,301,285
882,148
Other
2,211,802
2,311,997
32,427,036
30,008,156
2022
2021
£
£
Turnover analysed by geographical market
United Kingdom
25,842,421
23,502,528
Other
6,584,615
6,505,628
32,427,036
30,008,156
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
3
Turnover and other revenue
(Continued)
- 18 -
2022
2021
£
£
Other revenue
Grants received
22,550
24,482
4
Operating profit
2022
2021
Operating profit for the year is stated after charging/(crediting):
£
£
Exchange gains
(119,451)
(33,887)
Government grants
(22,550)
(24,482)
Fees payable to the company's auditor for the audit of the company's financial statements
17,500
15,000
Depreciation of owned tangible fixed assets
395,949
386,662
Depreciation of tangible fixed assets held under finance leases
37,192
30,433
Profit on disposal of tangible fixed assets
(81,161)
(17,185)
Operating lease charges
104,893
99,856
5
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Cheese production
80
82
Farming
20
21
Retail
19
18
Sales and administration
18
21
Total
137
142
Their aggregate remuneration comprised:
2022
2021
£
£
Wages and salaries
4,169,063
4,116,481
Social security costs
361,870
357,282
Pension costs
76,324
75,903
4,607,257
4,549,666
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 19 -
6
Directors' remuneration
2022
2021
£
£
Remuneration for qualifying services
109,057
108,199
The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2021 - 2).
7
Interest receivable and similar income
2022
2021
£
£
Income from fixed asset investments
Income from participating interests - associates
153,973
223,240
8
Interest payable and similar expenses
2022
2021
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
429,215
429,561
Other finance costs:
Interest on finance leases and hire purchase contracts
6,329
8,249
Other interest
4,716
4,716
440,260
442,526
9
Taxation
2022
2021
£
£
Current tax
Adjustments in respect of prior periods
(236,503)
Deferred tax
Origination and reversal of timing differences
20,346
89,839
Changes in tax rates
101,077
Total deferred tax
20,346
190,916
Total tax charge/(credit)
20,346
(45,587)
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
(Continued)
- 20 -
The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:
2022
2021
£
£
Profit before taxation
431,854
197,384
Expected tax charge based on the standard rate of corporation tax in the UK of 19.00% (2021: 19.00%)
82,052
37,503
Tax effect of expenses that are not deductible in determining taxable profit
13,540
1,441
Tax effect of income not taxable in determining taxable profit
(15,679)
(4,948)
Tax effect of utilisation of tax losses not previously recognised
(124,294)
(30,949)
Capital allowances in excess of depreciation
39,730
339
Under/(over) provided in prior years
(236,503)
Deferred tax adjustments
20,346
190,916
Income from investment
(9,033)
(3,386)
Revenue expenditure capitalised
(2,104)
Capital Gain
15,788
Taxation charge/(credit) for the year
20,346
(45,587)
10
Dividends
2022
2021
£
£
Interim paid
26,667
26,667
11
Intangible fixed assets
Goodwill
Basic Payment Scheme Entitlement
Total
£
£
£
Cost
At 1 April 2021 and 31 March 2022
148,724
5,645
154,369
Amortisation and impairment
At 1 April 2021 and 31 March 2022
148,724
5,645
154,369
Carrying amount
At 31 March 2022
At 31 March 2021
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 21 -
12
Tangible fixed assets
Land and buildings freehold
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At 1 April 2021
23,945,881
10,562,487
689,519
35,197,887
Additions
27,717
92,353
7,313
127,383
Disposals
(10,860)
(4,930)
(9,500)
(25,290)
At 31 March 2022
23,962,738
10,649,910
687,332
35,299,980
Depreciation and impairment
At 1 April 2021
3,221,353
8,511,215
585,345
12,317,913
Depreciation charged in the year
144,838
274,341
13,962
433,141
Eliminated in respect of disposals
(4,760)
(5,805)
(10,565)
At 31 March 2022
3,366,191
8,780,796
593,502
12,740,489
Carrying amount
At 31 March 2022
20,596,547
1,869,114
93,830
22,559,491
At 31 March 2021
20,724,528
2,051,272
104,174
22,879,974
The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.
2022
2021
£
£
Plant and machinery
219,440
247,954
Freehold land and buildings with a carrying amount of
£19,967,058
(
2021 - £20,132,623
) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.
Land and buildings with a carrying amount of
£3,069,324
were revalued
upon transition to FRS 102 to a value of £18,077,381 at the transition date, 1 April 2014. The valuations were perfomed by
independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.
A revaluation policy has not been adopted.
If assets shown at their deemed cost were stated on an historical cost basis, the total amounts included would have been as follows:
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
12
Tangible fixed assets
(Continued)
- 22 -
2022
2021
£
£
Cost
3,523,422
3,528,612
Accumulated depreciation
428,495
423,026
Carrying value
3,951,917
3,951,638
13
Biological assets
Dairy herd
Youngstock
Arable
Total
£
£
£
£
Cost and carrying value
At 1 April 2021
688,855
584,087
144,605
1,417,547
Additions - purchases, procreation or planting
112,332
286,205
338,336
736,873
Additions - purchases
-
Additions - business combinations
-
Reclassification
237,468
(237,468)
-
Disposals
-
Revaluation
(186,369)
202,570
16,201
Deaths, sales and harvest
(151,490)
(114,640)
(316,671)
(582,801)
Exchange adjustments
Other changes
At 31 March 2022
700,796
720,754
166,270
1,587,820
Biological assets are included within stock.
14
Fixed asset investments
2022
2021
£
£
Unlisted investments
2,096,821
1,998,744
The company holds a 50% interest in a joint venture that is a Limited Liability Partnership called Alvis Contracting. Registered Office: Lye Cross Farm, Redhill, Bristol, BS40 5RH.
The company's share of profit is shown in the profit and loss account.
The carrying value of the investment as shown above represents the company's capital account balance in that partnership.
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
14
Fixed asset investments
(Continued)
- 23 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2021
1,998,744
Additions
153,973
Payments received
(55,896)
At 31 March 2022
2,096,821
Carrying amount
At 31 March 2022
2,096,821
At 31 March 2021
1,998,744
15
Stocks
2022
2021
£
£
Raw materials and consumables
1,988,073
1,817,253
Finished goods and goods for resale
12,732,438
12,629,247
14,720,511
14,446,500
16
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
4,239,927
4,093,806
Corporation tax recoverable
840
840
Other debtors
412,055
508,835
Prepayments and accrued income
233,180
137,048
4,886,002
4,740,529
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 24 -
17
Creditors: amounts falling due within one year
2022
2021
Notes
£
£
Bank loans and overdrafts
19
2,146,676
2,601,722
Obligations under finance leases and hire purchase contracts
20
56,045
50,312
Trade creditors
2,500,978
2,256,956
Amounts owed to connected companies
3,866,867
2,551,040
Taxation and social security
77,851
78,470
Other creditors
133,610
112,086
Accruals and deferred income
395,565
261,506
9,177,592
7,912,092
18
Creditors: amounts falling due after more than one year
2022
2021
Notes
£
£
Bank loans and overdrafts
19
13,418,072
13,698,606
Obligations under finance leases and hire purchase contracts
20
59,451
110,792
13,477,523
13,809,398
Amounts included above which fall due after five years are as follows:
Payable by instalments
148,199
219,539
Payable other than by instalments
6,000,000
6,000,000
6,148,199
6,219,539
19
Loans and overdrafts
2022
2021
£
£
Bank loans
13,817,811
13,971,428
Bank overdrafts
1,746,937
2,328,900
15,564,748
16,300,328
Payable within one year
2,146,676
2,601,722
Payable after one year
13,418,072
13,698,606
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
19
Loans and overdrafts
(Continued)
- 25 -
The HSBC bank loans and overdrafts are secured by a first legal charge dated 6 July 2015 and 5 December 2019 over freehold properties. A debenture including a fixed charge over all present freehold and leasehold property and a first floating charge over all assets and undertakings both present and future is also held.
Further security is provided by a fixed charge over book and other debts, goodwill, uncalled capital and intellectual property. As well as a contract monies charge dated 9 June 2014.
The HSBC loans are subject to fixed interest rates of 2.73% and 2.77% for a term of 5 years.
The AMC loans are secured by a legal charge over freehold properties.
The AMC loans are interest only. Interest is fixed at 4.41% on a loan of £3 million until 2032. The other £3 million of loans is subject to interest at 1.65% above the bank base rate and are repayable in 2034.
20
Finance lease and hire purchase obligations
2022
2021
Future minimum lease payments due under finance leases and hire purchase contracts:
£
£
Within one year
56,045
50,312
In two to five years
59,451
110,792
115,496
161,104
The above obligations represent payments made by the company for certain items of plant and machinery and motor vehicles. Hire purchase contracts include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average term is 4 years. Interest of £6,329 (2021 - £8,249) has been charged on these agreements.
21
Deferred taxation
The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:
Liabilities
Liabilities
2022
2021
Balances:
£
£
Accelerated capital allowances
494,388
522,481
Tax losses
(52,889)
(101,328)
441,499
421,153
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
21
Deferred taxation
(Continued)
- 26 -
2022
Movements in the year:
£
Liability at 1 April 2021
421,153
Charge to profit or loss
20,346
Liability at 31 March 2022
441,499
The deferred tax liability set out above includes accelerated capital allowances that are expected to reverse in future years.
22
Retirement benefit schemes
2022
2021
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
76,324
75,903
The company operates a defined contribution pension scheme for all qualifying employees.
The assets of the scheme are held separately from those of the company in an independently administered fund.
23
Share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
30,000
30,000
30,000
30,000
The ordinary share capital of the company holds full voting rights and entitles the holder to capital and dividend distribution.
24
Financial commitments, guarantees and contingent liabilities
There is a contingent liability in respect of an unlimited composite cross guarantee given to secure all bank borrowings of Alvis Brothers (Lye Cross) Limited amounting to £1,418,343 (2021: £271,581).
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 27 -
25
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
2022
2021
£
£
Within one year
71,616
71,616
Between two and five years
267,785
36,291
339,401
107,907
26
Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2022
2021
£
£
Aggregate compensation
574,344
560,914
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Sales
Sales
Purchases
Purchases
2022
2021
2022
2021
£
£
£
£
Company under common control
1,834,442
1,754,756
12,869,832
11,377,149
Joint venture
21,457
21,547
1,246,591
1,553,988
Management charges received
Rents (paid)/received
2022
2021
2022
2021
£
£
£
£
Company under common control
21,000
21,000
(18,492)
(18,492)
Joint venture
-
-
12,000
12,000
Key management personnel
-
-
(52,896)
(52,896)
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
26
Related party transactions
(Continued)
- 28 -
The following amounts were outstanding at the reporting end date:
2022
2021
Amounts due to related parties
£
£
Company under common control
3,866,827
2,551,040
Joint venture
384,038
523,255
Other related parties
74,369
81,034
The balance owed to other related parties includes an interest free loan from a close family member of the directors and and an interest bearing loan a close family member of the directors on which interest of £4,716 (2021: £4,716) has been charged.
The audit and accountancy charges included in these financial statements includes the related audit costs of the company under common control.
The company also paid rent of £13,040 (2021: £13,040) to the Alvis Brothers Pension Scheme.
No guarantees have been given or received.
The following amounts were outstanding at the reporting end date:
2022
2021
Amounts due from related parties
£
£
Joint venture
26,720
17,629
An income provision of £160,657 (2021: £92,749) for crops is also recognised in respect of the joint venture at the year end.
27
Directors' transactions
Dividends totalling £20,000 (2021 - £20,000) were paid in the year in respect of shares held by the company's directors.
The loans to/from the directors are interest free and are repayable on demand.
ALVIS BROTHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 29 -
28
Cash generated from operations
2022
2021
£
£
Profit for the year after tax
411,508
242,971
Adjustments for:
Taxation charged/(credited)
20,346
(45,587)
Finance costs
440,260
442,526
Investment income
(153,973)
(223,240)
Gain on disposal of tangible fixed assets
(81,161)
(17,185)
Depreciation and impairment of tangible fixed assets
433,141
417,095
Movements in working capital:
Increase in stocks
(274,011)
(378,370)
(Increase)/decrease in debtors
(145,473)
80,445
Increase in creditors
1,714,813
209,811
Cash generated from operations
2,365,450
728,466
29
Analysis of changes in net debt
1 April 2021
Cash flows
31 March 2022
£
£
£
Cash at bank and in hand
534,607
1,141,734
1,676,341
Bank overdrafts
(2,328,900)
581,963
(1,746,937)
(1,794,293)
1,723,697
(70,596)
Borrowings excluding overdrafts
(13,971,428)
153,617
(13,817,811)
Obligations under finance leases
(161,104)
45,608
(115,496)
(15,926,825)
1,922,922
(14,003,903)
2022-03-31
2021-04-01
false
CCH Software
CCH Accounts Production 2022.200
Mr J Alvis (Senior)
Mr M Alvis
Mr J Alvis (Junior)
Mr P Alvis
Mrs P Alvis
00502230
2021-04-01
2022-03-31
00502230
bus:Director1
2021-04-01
2022-03-31
00502230
bus:Director2
2021-04-01
2022-03-31
00502230
bus:Chairman
2021-04-01
2022-03-31
00502230
bus:ChiefExecutive
2021-04-01
2022-03-31
00502230
bus:CompanySecretary1
2021-04-01
2022-03-31
00502230
bus:Director3
2021-04-01
2022-03-31
00502230
bus:Director4
2021-04-01
2022-03-31
00502230
bus:RegisteredOffice
2021-04-01
2022-03-31
00502230
bus:Agent1
2021-04-01
2022-03-31
00502230
2022-03-31
00502230
2020-04-01
2021-03-31
00502230
core:RetainedEarningsAccumulatedLosses
2020-04-01
2021-03-31
00502230
core:RetainedEarningsAccumulatedLosses
2021-04-01
2022-03-31
00502230
2021-03-31
00502230
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-03-31
00502230
core:PlantMachinery
2022-03-31
00502230
core:MotorVehicles
2022-03-31
00502230
core:LandBuildings
core:OwnedOrFreeholdAssets
2021-03-31
00502230
core:PlantMachinery
2021-03-31
00502230
core:MotorVehicles
2021-03-31
00502230
core:CurrentFinancialInstruments
core:WithinOneYear
2022-03-31
00502230
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00502230
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00502230
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00502230
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00502230
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00502230
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2022-03-31
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2021-03-31
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2022-03-31
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00502230
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00502230
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2021-04-01
2022-03-31
00502230
1
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2021-03-31
00502230
2021-03-31
00502230
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2022-03-31
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2021-03-31
00502230
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2021-04-01
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2021-04-01
2022-03-31
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2021-04-01
2022-03-31
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2021-04-01
2022-03-31
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2021-04-01
2022-03-31
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2021-04-01
2022-03-31
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2021-04-01
2022-03-31
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2022-03-31
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2021-04-01
2022-03-31
00502230
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2021-03-31
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2021-04-01
2022-03-31
00502230
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00502230
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00502230
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00502230
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00502230
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2021-03-31
00502230
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2021-03-31
00502230
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2022-03-31
00502230
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2021-03-31
00502230
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2022-03-31
00502230
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2021-03-31
00502230
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2021-04-01
2022-03-31
00502230
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2021-04-01
2022-03-31
00502230
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2022-03-31
00502230
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2022-03-31
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