Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31No description of principal activitytrue2021-04-01false4446trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04326396 2021-04-01 2022-03-31 04326396 2020-04-01 2021-03-31 04326396 2022-03-31 04326396 2021-03-31 04326396 c:Director3 2021-04-01 2022-03-31 04326396 d:Buildings 2021-04-01 2022-03-31 04326396 d:Buildings 2022-03-31 04326396 d:Buildings 2021-03-31 04326396 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04326396 d:PlantMachinery 2021-04-01 2022-03-31 04326396 d:PlantMachinery 2022-03-31 04326396 d:PlantMachinery 2021-03-31 04326396 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04326396 d:MotorVehicles 2021-04-01 2022-03-31 04326396 d:MotorVehicles 2022-03-31 04326396 d:MotorVehicles 2021-03-31 04326396 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04326396 d:FurnitureFittings 2021-04-01 2022-03-31 04326396 d:FurnitureFittings 2022-03-31 04326396 d:FurnitureFittings 2021-03-31 04326396 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04326396 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 04326396 d:CurrentFinancialInstruments 2022-03-31 04326396 d:CurrentFinancialInstruments 2021-03-31 04326396 d:Non-currentFinancialInstruments 2022-03-31 04326396 d:Non-currentFinancialInstruments 2021-03-31 04326396 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04326396 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 04326396 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04326396 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 04326396 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 04326396 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-03-31 04326396 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 04326396 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 04326396 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 04326396 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-03-31 04326396 d:ShareCapital 2022-03-31 04326396 d:ShareCapital 2021-03-31 04326396 d:RetainedEarningsAccumulatedLosses 2022-03-31 04326396 d:RetainedEarningsAccumulatedLosses 2021-03-31 04326396 c:FRS102 2021-04-01 2022-03-31 04326396 c:IndependentExaminationCharity 2021-04-01 2022-03-31 04326396 c:FullAccounts 2021-04-01 2022-03-31 04326396 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04326396 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 04326396 d:HirePurchaseContracts d:WithinOneYear 2021-03-31 04326396 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 04326396 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-03-31 04326396 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 04326396 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 04326396 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 04326396 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-03-31 04326396 d:LeasedAssetsHeldAsLessee 2022-03-31 04326396 d:LeasedAssetsHeldAsLessee 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 04326396









ALPHA RAIL LIMITED









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

 
ALPHA RAIL LIMITED
REGISTERED NUMBER: 04326396

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
796,746
834,913

Current assets
  

Stocks
  
459,924
254,273

Debtors: amounts falling due within one year
 6 
945,879
583,536

Cash at bank and in hand
 7 
290,159
533,427

  
1,695,962
1,371,236

Creditors: amounts falling due within one year
 8 
(835,296)
(661,995)

Net current assets
  
 
 
860,666
 
 
709,241

Total assets less current liabilities
  
1,657,412
1,544,154

Creditors: amounts falling due after more than one year
 9 
(680,297)
(791,213)

Provisions for liabilities
  

Deferred tax
 12 
(55,888)
(48,715)

Net assets
  
921,227
704,226


Capital and reserves
  

Called up share capital 
  
75,000
75,000

Profit and loss account
  
846,227
629,226

  
921,227
704,226

Page 1

 
ALPHA RAIL LIMITED
REGISTERED NUMBER: 04326396
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2022.




M K Sipson
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Alpha Rail Limited is a private limited company incorporated and domiciled in England.  Its registered office and principal place of business is situated at Nunn Brook Rise, The County Estate, Huthwaite, Nottinghamshire NG17 2PD.
The principal activity of the company is the manufacture and installation of pedestrian guard rails, parapets, decorative fencing and bollards. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the date of approval of the financial statements, the full economic impact of COVID-19 remains unclear. The directors continue to monitor the position closely, however believe that the company will continue at its current level of activity.
On the basis of their assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of preparation of the financial statements.

Page 3

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

Page 4

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
20%
straight line
Motor vehicles
-
25%
or 33 1/3% straight line
Fixtures and fittings
-
7%
to 33 1/3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 44 (2021 - 46).


4.


Dividends

2022
2021
£
£


Dividends
113,100
112,500

Page 6

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2021
707,392
358,555
8,316
156,649
1,230,912


Additions
-
18,619
-
13,146
31,765


Disposals
-
(12,474)
-
(2,599)
(15,073)



At 31 March 2022

707,392
364,700
8,316
167,196
1,247,604



Depreciation


At 1 April 2021
60,231
265,179
3,658
66,931
395,999


Charge for the year on owned assets
13,899
38,967
2,438
14,069
69,373


Disposals
-
(11,915)
-
(2,599)
(14,514)



At 31 March 2022

74,130
292,231
6,096
78,401
450,858



Net book value



At 31 March 2022
633,262
72,469
2,220
88,795
796,746



At 31 March 2021
647,161
93,376
4,658
89,718
834,913

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£



Plant and machinery
23,108
38,513

23,108
38,513

Page 7

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Debtors

2022
2021
£
£


Trade debtors
895,369
538,074

Prepayments and accrued income
50,510
45,462

945,879
583,536



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
290,159
533,427



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
98,387
61,751

Trade creditors
512,888
390,930

Corporation tax
89,249
5,754

Other taxation and social security
68,715
114,655

Obligations under finance lease and hire purchase contracts
11,000
11,001

Other creditors
21,502
20,298

Accruals and deferred income
33,555
57,606

835,296
661,995


Obligations under finance leases and hire purchase contracts are secured on the related assets.
Bank loans include a CBILS facility and mortgage secured by a charge on the property at Nunn Brook Rise and fixed and floating charges over the remaining assets of the company. 

Page 8

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
671,196
765,747

Net obligations under finance leases and hire purchase contracts
6,417
17,416

Accruals and deferred income
2,684
8,050

680,297
791,213


Obligations under finance leases and hire purchase contracts are secured on the related assets.
Bank loans include a CBILS facility and mortgage secured by a charge on the property at Nunn Brook Rise and fixed and floating charges over the remaining assets of the company. 


10.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
98,387
61,751

Amounts falling due 1-2 years

Bank loans
100,040
98,334

Amounts falling due 2-5 years

Bank loans
290,788
265,210

Amounts falling due after more than 5 years

Bank loans
280,368
402,202

769,583
827,497


Page 9

 
ALPHA RAIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
11,000
11,000

Between 1-5 years
6,417
17,416

17,417
28,416


12.


Deferred taxation




2022


£






At beginning of year
(48,715)


Charged to profit or loss
(7,173)



At end of year
(55,888)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
(55,888)
(48,715)


13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £120,560 (2021 - £253,506). Contributions totalling £1,394 (2021 - £1,869) were payable to the fund at the balance sheet date and are included in creditors.


14.


Controlling party

No single individual holds a controlling interest in the company.

 
Page 10