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
Altex (Wales) Limited
Company Information
for the year ended 31 December 2021
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
Altex (Wales) Limited
Statement of financial position
as at 31 December 2021
Tangible assets
6,580
9,469
Inventories
189,600
156,944
Cash at bank and in hand
305,195
95,861
Creditors: amounts falling due within one year
(427,939)
(173,179)
Net current assets
91,817
81,708
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
Altex (Wales) Limited
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
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
Loans from directors
11,000
11,000
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).