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REGISTERED NUMBER: 05853476 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

ALPINE PRECISION ENGINEERING LTD.

ALPINE PRECISION ENGINEERING LTD. (REGISTERED NUMBER: 05853476)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Balance sheet 1

Notes to the financial statements 2


ALPINE PRECISION ENGINEERING LTD. (REGISTERED NUMBER: 05853476)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,084 5,824

Current assets
Debtors 5 3,248 10,534
Cash at bank 54,008 65,526
57,256 76,060
Creditors
Amounts falling due within one year 6 22,997 7,939
Net current assets 34,259 68,121
Total assets less current liabilities 41,343 73,945

Provisions for liabilities 7 1,346 1,107
Net assets 39,997 72,838

Capital and reserves
Called up share capital 8 2 2
Retained earnings 39,995 72,836
Shareholders' funds 39,997 72,838

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr R Codman - Director


ALPINE PRECISION ENGINEERING LTD. (REGISTERED NUMBER: 05853476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. Statutory information

Alpine Precision Engineering Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05853476. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 27 Telford Road, Ferndown, Dorset, BH21 7RX.

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 amounts receivable, excluding value added tax, in respect of the sale of precision engineered parts and is recognised when the goods have been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

ALPINE PRECISION ENGINEERING LTD. (REGISTERED NUMBER: 05853476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 July 2022 30,519 4,460 489 35,468
Additions 3,950 - - 3,950
At 30 June 2023 34,469 4,460 489 39,418
Depreciation
At 1 July 2022 24,784 4,398 462 29,644
Charge for year 2,668 16 6 2,690
At 30 June 2023 27,452 4,414 468 32,334
Net book value
At 30 June 2023 7,017 46 21 7,084
At 30 June 2022 5,735 62 27 5,824

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 3,248 10,534

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Tax 33 2,550
VAT 1,602 3,722
Directors' current accounts 20,062 492
Accruals and deferred income 1,300 1,175
22,997 7,939

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 1,346 1,107

Deferred
tax
£   
Balance at 1 July 2022 1,107
Provided during year 239
Balance at 30 June 2023 1,346

ALPINE PRECISION ENGINEERING LTD. (REGISTERED NUMBER: 05853476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. Ultimate controlling party

The company is controlled by the two Directors, Mr R Codman and Mrs L Codman, who own 50% of the issued share capital each.