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COMPANY REGISTRATION NUMBER: 6267793
Alpha Integrated Systems Limited
Filleted Unaudited Financial Statements
For the year ended
31 May 2023
Alpha Integrated Systems Limited
Balance Sheet
31 May 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
141,816
151,323
Current assets
Stocks
70,802
91,550
Debtors
6
213,850
221,762
Cash at bank and in hand
33,404
62,827
---------
---------
318,056
376,139
Creditors: amounts falling due within one year
7
198,070
300,723
---------
---------
Net current assets
119,986
75,416
---------
---------
Total assets less current liabilities
261,802
226,739
Creditors: amounts falling due after more than one year
8
48,458
79,427
Provisions
Taxation including deferred tax
35,454
34,426
---------
---------
Net assets
177,890
112,886
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
177,886
112,882
---------
---------
Shareholders funds
177,890
112,886
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Alpha Integrated Systems Limited
Balance Sheet (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
N Watts
Director
Company registration number: 6267793
Alpha Integrated Systems Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6 Valencia Court, Pontefract Road, Normanton, WF6 1ZD, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements under FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts. These estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Where the company has partly completed contracts for services at the year end and the final outcome of contracts can be determined with a degree of certainty, the sales value of the proportion of the contract that has been completed at the year end date is included in turnover for the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
15% reducing balance
Ofice equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 9 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 June 2022
42,533
4,451
150,214
197,198
Additions
2,542
8,422
10,964
--------
-------
---------
-------
---------
At 31 May 2023
45,075
4,451
150,214
8,422
208,162
--------
-------
---------
-------
---------
Depreciation
At 1 June 2022
20,300
1,948
23,627
45,875
Charge for the year
5,809
626
13,825
211
20,471
--------
-------
---------
-------
---------
At 31 May 2023
26,109
2,574
37,452
211
66,346
--------
-------
---------
-------
---------
Carrying amount
At 31 May 2023
18,966
1,877
112,762
8,211
141,816
--------
-------
---------
-------
---------
At 31 May 2022
22,233
2,503
126,587
151,323
--------
-------
---------
-------
---------
6. Debtors
2023
2022
£
£
Trade debtors
209,050
216,962
Other debtors
4,800
4,800
---------
---------
213,850
221,762
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
68,389
155,321
Corporation tax
40,400
36,420
Social security and other taxes
50,990
70,793
Other creditors
38,291
38,189
---------
---------
198,070
300,723
---------
---------
'Other creditors' includes £35,245 (2022: £35,439) due under hire purchase contracts which is secured on the assets being acquired.
'Other creditors' also includes an amount of £196 (2022: £nil) owed to the directors by the company. The balances are interest free, unsecured and repayable on demand.
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
48,458
79,427
--------
--------
'Other creditors' includes £48,458 (2022: £79,231) due under hire purchase contracts which is secured on the assets being acquired.
'Other creditors' also includes an amount of £nil (2022: £196) owed to the directors by the company. The balances are interest free, unsecured and repayable on demand.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Later than 1 year and not later than 5 years
27,720
10,560
--------
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
J Noble
150
150
N Watts
46
46
----
----
----
196
196
----
----
----
2022
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
J Noble
250
( 100)
150
N Watts
154
( 108)
46
----
----
----
404
( 208)
196
----
----
----