Silverfin false false 28/09/2023 29/09/2022 28/09/2023 S C Kelleher 20/07/2005 27 March 2024 The principal activity of the Company during the financial period was a recruitment consultant. 05513971 2023-09-28 05513971 bus:Director1 2023-09-28 05513971 core:CurrentFinancialInstruments 2023-09-28 05513971 core:CurrentFinancialInstruments 2022-09-28 05513971 2022-09-28 05513971 core:Non-currentFinancialInstruments 2023-09-28 05513971 core:Non-currentFinancialInstruments 2022-09-28 05513971 core:ShareCapital 2023-09-28 05513971 core:ShareCapital 2022-09-28 05513971 core:RetainedEarningsAccumulatedLosses 2023-09-28 05513971 core:RetainedEarningsAccumulatedLosses 2022-09-28 05513971 core:FurnitureFittings 2022-09-28 05513971 core:FurnitureFittings 2023-09-28 05513971 2022-09-29 2023-09-28 05513971 bus:FilletedAccounts 2022-09-29 2023-09-28 05513971 bus:SmallEntities 2022-09-29 2023-09-28 05513971 bus:AuditExemptWithAccountantsReport 2022-09-29 2023-09-28 05513971 bus:PrivateLimitedCompanyLtd 2022-09-29 2023-09-28 05513971 bus:Director1 2022-09-29 2023-09-28 05513971 core:FurnitureFittings core:TopRangeValue 2022-09-29 2023-09-28 05513971 2021-09-29 2022-09-28 iso4217:GBP xbrli:pure

Company No: 05513971 (England and Wales)

ALPHA PROBE LIMITED

Unaudited Financial Statements
For the financial year ended 28 September 2023
Pages for filing with the registrar

ALPHA PROBE LIMITED

Unaudited Financial Statements

For the financial year ended 28 September 2023

Contents

ALPHA PROBE LIMITED

BALANCE SHEET

As at 28 September 2023
ALPHA PROBE LIMITED

BALANCE SHEET (continued)

As at 28 September 2023
Note 2023 2022
£ £
Current assets
Debtors 5 2 933
Cash at bank and in hand 9,143 20,759
9,145 21,692
Creditors: amounts falling due within one year 6 ( 23,143) ( 15,808)
Net current (liabilities)/assets (13,998) 5,884
Total assets less current liabilities (13,998) 5,884
Creditors: amounts falling due after more than one year 0 ( 13,722)
Net liabilities ( 13,998) ( 7,838)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 14,098 ) ( 7,938 )
Total shareholder's deficit ( 13,998) ( 7,838)

For the financial year ending 28 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Alpha Probe Limited (registered number: 05513971) were approved and authorised for issue by the Director on 27 March 2024. They were signed on its behalf by:

S C Kelleher
Director
ALPHA PROBE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 September 2023
ALPHA PROBE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 September 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Alpha Probe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 127 Sandy Lane South, Wallington, SM6 9NW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The financial statements cover the period from 29 September 2022 to 28 September 2023. Comparative figures cover the period from 29 September 2021 to 28 September 2022.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other
comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. In such cases debtors are stated at transaction price less impairment losses. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the transaction.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

Financial instruments

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

Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.

Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.

Fair value measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 29 September 2022 15,986 15,986
At 28 September 2023 15,986 15,986
Accumulated depreciation
At 29 September 2022 15,986 15,986
At 28 September 2023 15,986 15,986
Net book value
At 28 September 2023 0 0
At 28 September 2022 0 0

5. Debtors

2023 2022
£ £
Other debtors 2 933

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 13,722 4,914
Taxation and social security ( 897) 892
Other creditors 10,318 10,002
23,143 15,808

7. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Directors Loan Account (1,226) 443

During the year the company made advances to the director of £13,239 (2022: £12,479) and received repayments of £14,908 (2022: £10,396) The loan from the director to the company is unsecured, interest free and repayable on demand.