1 January 2021 false No description of principal activity Taxfiler 2022.8.3 04621068business:PrivateLimitedCompanyLtd2021-01-012021-12-31 046210682020-12-31 046210682021-01-012021-12-31 04621068business:AuditExemptWithAccountantsReport2021-01-012021-12-31 04621068business:FullAccounts2021-01-012021-12-31 046210682021-12-31 04621068business:Director12021-01-012021-12-31 04621068business:RegisteredOffice2021-01-012021-12-31 046210682020-12-31 04621068core:WithinOneYear2021-12-31 04621068core:WithinOneYear2020-12-31 04621068core:ShareCapital2021-12-31 04621068core:ShareCapital2020-12-31 04621068core:RetainedEarningsAccumulatedLosses2021-12-31 04621068core:RetainedEarningsAccumulatedLosses2020-12-31 04621068business:SmallEntities2021-01-012021-12-31 04621068countries:EnglandWales2021-01-012021-12-31 04621068core:PlantMachinery2021-01-012021-12-31 04621068core:MotorVehicles2021-01-012021-12-31 04621068core:FurnitureFittings2021-01-012021-12-31 04621068core:PlantMachinery2020-12-31 04621068core:MotorVehicles2020-12-31 04621068core:FurnitureFittings2020-12-31 04621068core:ComputerEquipment2020-12-31 04621068core:ComputerEquipment2021-01-012021-12-31 04621068core:PlantMachinery2021-12-31 04621068core:MotorVehicles2021-12-31 04621068core:FurnitureFittings2021-12-31 04621068core:ComputerEquipment2021-12-31 046210682020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 04621068 (England and Wales)
Altex (Wales) Limited Unaudited accounts for the year ended 31 December 2021
Altex (Wales) Limited Unaudited accounts Contents
Page
- 2 -
Altex (Wales) Limited Company Information for the year ended 31 December 2021
Director
DAVID MORGAN
Company Number
04621068 (England and Wales)
Registered Office
PEN Y BONT FARM TRIMSARAN ROAD KIDWELLY CARMARTHENSHIRE SA17 4EF
Accountants
COUNTRYWIDE TAX RETURNS LIMITED 107 TRALLWN ROAD LLANSAMLET SWANSEA SA7 9UU
- 3 -
Altex (Wales) Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,580 
9,469 
Current assets
Inventories
189,600 
156,944 
Debtors
24,961 
2,082 
Cash at bank and in hand
305,195 
95,861 
519,756 
254,887 
Creditors: amounts falling due within one year
(427,939)
(173,179)
Net current assets
91,817 
81,708 
Net assets
98,397 
91,177 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
98,387 
91,167 
Shareholders' funds
98,397 
91,177 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 September 2022 and were signed on its behalf by
DAVID MORGAN Director Company Registration No. 04621068
- 4 -
Altex (Wales) Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Altex (Wales) Limited is a private company, limited by shares, registered in England and Wales, registration number 04621068. The registered office is PEN Y BONT FARM, TRIMSARAN ROAD, KIDWELLY, CARMARTHENSHIRE, SA17 4EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
33% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2021
47,675 
14,975 
13,832 
1,236 
77,718 
Additions
216 
- 
1,205 
- 
1,421 
At 31 December 2021
47,891 
14,975 
15,037 
1,236 
79,139 
Depreciation
At 1 January 2021
38,044 
15,449 
14,509 
247 
68,249 
Charge for the year
2,671 
474 
918 
247 
4,310 
At 31 December 2021
40,715 
15,923 
15,427 
494 
72,559 
Net book value
At 31 December 2021
7,176 
(948)
(390)
742 
6,580 
At 31 December 2020
9,631 
(474)
(677)
989 
9,469 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
24,961 
2,082 
- 5 -
Altex (Wales) Limited Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
123,899 
91,068 
Taxes and social security
3,556 
279 
Other creditors
170,778 
- 
Loans from directors
11,000 
11,000 
Accruals
118,706 
70,832 
427,939 
173,179 
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
- 6 -