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REGISTERED NUMBER: 03454324 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Alpha Engineering Solutions Limited

Alpha Engineering Solutions Limited (Registered number: 03454324)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Alpha Engineering Solutions Limited (Registered number: 03454324)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 993,564 1,113,368

CURRENT ASSETS
Stocks 474,073 505,474
Debtors 5 254,144 300,934
Cash at bank and in hand 8,716 13,158
736,933 819,566
CREDITORS
Amounts falling due within one year 6 522,693 626,319
NET CURRENT ASSETS 214,240 193,247
TOTAL ASSETS LESS CURRENT LIABILITIES 1,207,804 1,306,615

CREDITORS
Amounts falling due after more than one year 7 (474,910 ) (373,944 )

PROVISIONS FOR LIABILITIES (127,920 ) (143,360 )
NET ASSETS 604,974 789,311

CAPITAL AND RESERVES
Called up share capital 104 155
Capital redemption reserve 96 45
Retained earnings 604,774 789,111
SHAREHOLDERS' FUNDS 604,974 789,311

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 directors acknowledge their 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 Engineering Solutions Limited (Registered number: 03454324)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2024 and were signed on its behalf by:





Mr L Stephenson - Director


Alpha Engineering Solutions Limited (Registered number: 03454324)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Alpha Engineering Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03454324

Registered office: Unit 2 Pit Lane
Jamage Industrial Unit
Talke Pitts
Stoke-on-Trent
Staffordshire
ST7 1UH

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - NIL % per annum
Plant and machinery - 33% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Alpha Engineering Solutions Limited (Registered number: 03454324)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

Government grants
Government grants are credited to deferred income. Grants relating to capital expenditure are released to the profit and loss account over the expected useful life of the assets.

Debt factoring
The company used a factoring agent to raise finance on debts from their customers. The gross amounts of factored debts at the balance sheet date are included within trade debtors.

The balance of the amounts payable to the factoring agent at the balance sheet date is included in other creditors.

Factoring charges are recognised as they accrue and are included in the profit and loss account with other finance costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 29 ) .

Alpha Engineering Solutions Limited (Registered number: 03454324)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 320,580 2,318,192 165,749 23,298 2,827,819
Additions - 1,489 5,715 - 7,204
At 31 May 2023 320,580 2,319,681 171,464 23,298 2,835,023
DEPRECIATION
At 1 June 2022 - 1,563,388 135,137 15,926 1,714,451
Charge for year - 119,716 5,449 1,843 127,008
At 31 May 2023 - 1,683,104 140,586 17,769 1,841,459
NET BOOK VALUE
At 31 May 2023 320,580 636,577 30,878 5,529 993,564
At 31 May 2022 320,580 754,804 30,612 7,372 1,113,368

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 716,926 23,298 740,224
DEPRECIATION
At 1 June 2022 300,392 15,926 316,318
Charge for year 62,480 1,843 64,323
At 31 May 2023 362,872 17,769 380,641
NET BOOK VALUE
At 31 May 2023 354,054 5,529 359,583
At 31 May 2022 416,534 7,372 423,906

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 246,764 298,928
Other debtors 6,771 2,006
253,535 300,934

Alpha Engineering Solutions Limited (Registered number: 03454324)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 609 -

Aggregate amounts 254,144 300,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,819 36,819
Hire purchase contracts 102,951 116,062
Trade creditors 103,452 211,217
Taxation and social security 90,250 43,204
Other creditors 189,221 219,017
522,693 626,319

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 44,475 78,346
Hire purchase contracts 361,170 295,298
Other creditors 69,265 300
474,910 373,944

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 464,121 411,360
Bank loans 50,714 75,165
Factoring Account 138,088 184,058
652,923 670,583

The bank loans are secured against the land and buildings at Unit 2 Pit Lane, Jamage Industrial Estate, Talke Pits, Stoke-on-Trent, ST7 1UH.

The Royal Bank of Scotland Commercial Services Limited have a fixed and floating charge over all the assets owned by Alpha Engineering Solutions Limited.