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REGISTERED NUMBER: 02463743 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ALPHA ELECTRICS LIMITED

ALPHA ELECTRICS LIMITED (REGISTERED NUMBER: 02463743)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALPHA ELECTRICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: S G Patel





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 02463743 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

ALPHA ELECTRICS LIMITED (REGISTERED NUMBER: 02463743)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,523 136,714

CURRENT ASSETS
Stocks 198,356 282,432
Debtors 5 868,995 811,641
Cash at bank 210,909 94,012
1,278,260 1,188,085
CREDITORS
Amounts falling due within one year 6 444,091 477,935
NET CURRENT ASSETS 834,169 710,150
TOTAL ASSETS LESS CURRENT LIABILITIES 946,692 846,864

CREDITORS
Amounts falling due after more than
one year

7

(32,784

)

(212,687

)

PROVISIONS FOR LIABILITIES (4,905 ) (7,389 )
NET ASSETS 909,003 626,788

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 908,003 625,788
909,003 626,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ALPHA ELECTRICS LIMITED (REGISTERED NUMBER: 02463743)

BALANCE SHEET - continued
31 MAY 2023


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 director and authorised for issue on 17 October 2023 and were signed by:





S G Patel - Director


ALPHA ELECTRICS LIMITED (REGISTERED NUMBER: 02463743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Alpha Electrics 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.
Leasehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

ALPHA ELECTRICS LIMITED (REGISTERED NUMBER: 02463743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2022 30,479 376,756 13,380
Additions - - -
Disposals - (128,116 ) (2,752 )
At 31 May 2023 30,479 248,640 10,628
DEPRECIATION
At 1 June 2022 - 308,367 10,617
Charge for year - 10,256 414
Eliminated on disposal - (126,009 ) (2,366 )
At 31 May 2023 - 192,614 8,665
NET BOOK VALUE
At 31 May 2023 30,479 56,026 1,963
At 31 May 2022 30,479 68,389 2,763

ALPHA ELECTRICS LIMITED (REGISTERED NUMBER: 02463743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 107,754 30,088 558,457
Additions - 2,613 2,613
Disposals (22,202 ) (14,766 ) (167,836 )
At 31 May 2023 85,552 17,935 393,234
DEPRECIATION
At 1 June 2022 78,410 24,349 421,743
Charge for year 7,335 1,877 19,882
Eliminated on disposal (18,030 ) (14,509 ) (160,914 )
At 31 May 2023 67,715 11,717 280,711
NET BOOK VALUE
At 31 May 2023 17,837 6,218 112,523
At 31 May 2022 29,344 5,739 136,714

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 407,748 389,061
Other debtors 461,247 422,580
868,995 811,641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,833 67,109
Hire purchase contracts 14,353 15,632
Trade creditors 189,045 261,382
Taxation and social security 182,151 117,502
Other creditors 22,709 16,310
444,091 477,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 165,550
Hire purchase contracts 32,784 47,137
32,784 212,687

ALPHA ELECTRICS LIMITED (REGISTERED NUMBER: 02463743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 35,833 232,659
Hire purchase contracts 47,137 62,769
82,970 295,428

The bank loans are secured by way of fixed and floating charge over the assets of the company.
Hire purchase is secured against the assets to which they relate.

9. RELATED PARTY DISCLOSURES

The company's premises is jointly owned by the director and his brothers. The rent charged during the year was £25,427 (2022 £23,627).

Included in other debtors is £364,301 (2022 £325,836) owed to the company by the director and other shareholders. No interest is charged on this balance.