Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31true2022-11-01truefalseNo description of principal activity5347The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC580139 2022-11-01 2023-10-31 SC580139 2021-11-01 2022-10-31 SC580139 2023-10-31 SC580139 2022-10-31 SC580139 c:Director1 2022-11-01 2023-10-31 SC580139 c:Director2 2022-11-01 2023-10-31 SC580139 c:RegisteredOffice 2022-11-01 2023-10-31 SC580139 d:PlantMachinery 2022-11-01 2023-10-31 SC580139 d:MotorVehicles 2022-11-01 2023-10-31 SC580139 d:MotorVehicles 2023-10-31 SC580139 d:MotorVehicles 2022-10-31 SC580139 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC580139 d:FurnitureFittings 2022-11-01 2023-10-31 SC580139 d:FurnitureFittings 2023-10-31 SC580139 d:FurnitureFittings 2022-10-31 SC580139 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC580139 d:OfficeEquipment 2022-11-01 2023-10-31 SC580139 d:OfficeEquipment 2023-10-31 SC580139 d:OfficeEquipment 2022-10-31 SC580139 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC580139 d:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 SC580139 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 SC580139 d:Goodwill 2022-11-01 2023-10-31 SC580139 d:Goodwill 2023-10-31 SC580139 d:Goodwill 2022-10-31 SC580139 d:FreeholdInvestmentProperty 2023-10-31 SC580139 d:FreeholdInvestmentProperty 2022-10-31 SC580139 d:FreeholdInvestmentProperty 2 2022-11-01 2023-10-31 SC580139 d:CurrentFinancialInstruments 2023-10-31 SC580139 d:CurrentFinancialInstruments 2022-10-31 SC580139 d:Non-currentFinancialInstruments 2023-10-31 SC580139 d:Non-currentFinancialInstruments 2022-10-31 SC580139 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC580139 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 SC580139 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 SC580139 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 SC580139 d:ShareCapital 2023-10-31 SC580139 d:ShareCapital 2022-10-31 SC580139 d:InvestmentPropertiesRevaluationReserve 2023-10-31 SC580139 d:InvestmentPropertiesRevaluationReserve 2022-10-31 SC580139 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC580139 d:RetainedEarningsAccumulatedLosses 2022-10-31 SC580139 c:OrdinaryShareClass2 2022-11-01 2023-10-31 SC580139 c:OrdinaryShareClass2 2023-10-31 SC580139 c:OrdinaryShareClass2 2022-10-31 SC580139 c:OrdinaryShareClass3 2022-11-01 2023-10-31 SC580139 c:OrdinaryShareClass3 2023-10-31 SC580139 c:OrdinaryShareClass3 2022-10-31 SC580139 c:FRS102 2022-11-01 2023-10-31 SC580139 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC580139 c:FullAccounts 2022-11-01 2023-10-31 SC580139 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC580139 6 2022-11-01 2023-10-31 SC580139 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 SC580139 f:PoundSterling 2022-11-01 2023-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC580139










ALPHA PROJECTS (SCOTLAND) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

COMPANY INFORMATION


DIRECTORS
K Brown 
P Cortese 




REGISTERED NUMBER
SC580139



REGISTERED OFFICE
4 Garden Mill Place

Dundee

Tayside

DD3 9UF




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
ALPHA PROJECTS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC580139

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Intangible Assets
 4 
8,432
12,599

Tangible assets
 5 
875,723
582,401

Fixed Asset Investments
 6 
130,076
125,156

Investment Property
 7 
165,000
70,636

  
1,179,231
790,792

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 8 
1,166,296
1,386,151

Bank and cash balances
  
1,300,915
930,259

  
2,467,211
2,316,410

Creditors: amounts falling due within one year
 9 
(1,885,605)
(2,042,205)

NET CURRENT ASSETS
  
 
 
581,606
 
 
274,205

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,760,837
1,064,997

Creditors: amounts falling due after more than one year
 10 
(475,274)
(241,611)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(227,213)
(103,960)

  
 
 
(227,213)
 
 
(103,960)

NET ASSETS
  
1,058,350
719,426


CAPITAL AND RESERVES
  

Called up share capital 
 11 
300
300

Investment property reserve
  
94,364
-

Profit and loss account
  
963,686
719,126

  
1,058,350
719,426


Page 1

 
ALPHA PROJECTS (SCOTLAND) LIMITED
REGISTERED NUMBER: SC580139

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 March 2024.

K Brown
P Cortese
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

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

1.


GENERAL INFORMATION

Alpha Projects (Scotland) is a limited company registered in Scotland, with the registered office being situated at 4 Garden Mill Place, Dundee, DD3 9UF. 

The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

INTANGIBLE ASSETS

GOODWILL

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

OTHER INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)


2.6
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
20.0%
reducing balance
Property improvements
-
10.0%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.10

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

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

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 53 (2022 - 47).


4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 November 2022
16,666



At 31 October 2023

16,666



AMORTISATION


At 1 November 2022
4,067


Charge for the year on owned assets
4,167



At 31 October 2023

8,234



NET BOOK VALUE



At 31 October 2023
8,432



At 31 October 2022
12,599



Page 6

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

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

5.


TANGIBLE FIXED ASSETS





Motor vehicles
Fixtures and fittings
Property improvements
Total

£
£
£
£



COST OR VALUATION


At 1 November 2022
596,422
85,774
126,000
808,196


Additions
496,259
-
-
496,259


Disposals
(8,100)
-
-
(8,100)



At 31 October 2023

1,084,581
85,774
126,000
1,296,355



DEPRECIATION


At 1 November 2022
194,734
18,461
12,600
225,795


Charge for the year on owned assets
179,006
8,415
12,600
200,021


Disposals
(5,184)
-
-
(5,184)



At 31 October 2023

368,556
26,876
25,200
420,632



NET BOOK VALUE



At 31 October 2023
716,025
58,898
100,800
875,723



At 31 October 2022
401,688
67,313
113,400
582,401

Page 7

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

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

6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies
Listed investments
Trade investments
Total

£
£
£
£



COST OR VALUATION


At 1 November 2022
100
125,006
50
125,156


Revaluations
-
4,920
-
4,920



At 31 October 2023
100
129,926
50
130,076





7.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 November 2022
70,636


Surplus on revaluation
94,364



AT 31 OCTOBER 2023
165,000

The 2023 valuations were made by Graham & Sibbald LLP, on an open market value for existing use basis.



Page 8

 
ALPHA PROJECTS (SCOTLAND) LIMITED
 

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

8.


DEBTORS

2023
2022
£
£


Trade debtors
954,793
1,248,546

Other debtors
211,503
137,605

1,166,296
1,386,151



9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
10,000
9,999

Trade creditors
1,075,472
1,430,407

Net obligations under finance lease and hire purchase contracts
182,038
132,869

Other creditors
618,095
468,930

1,885,605
2,042,205



10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
18,226
27,378

Net obligations under finance leases and hire purchase contracts
457,048
214,233

475,274
241,611



11.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



200200 Ordinary A shares of £1.00 each
200
200
100100 Ordinary B shares of £1.00 each
100
100

300

300



Page 9