IRIS Accounts Production v23.3.1.45 SC304875 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3048752022-07-31SC3048752023-07-31SC3048752022-08-012023-07-31SC3048752021-07-31SC3048752021-08-012022-07-31SC3048752022-07-31SC304875ns10:Originalns15:Scotland2022-08-012023-07-31SC304875ns14:PoundSterlingns10:Original2022-08-012023-07-31SC304875ns10:Originalns10:Director12022-08-012023-07-31SC304875ns10:Original2022-08-012023-07-31SC304875ns10:Original2023-07-31SC304875ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-31SC304875ns10:Originalns10:SmallEntities2022-08-012023-07-31SC304875ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-31SC304875ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-31SC304875ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-31SC304875ns10:Originalns10:FullAccounts2022-08-012023-07-31SC304875ns10:Originalns10:RegisteredOffice2022-08-012023-07-31SC304875ns10:Original2022-07-31SC304875ns10:Originalns5:CurrentFinancialInstruments2023-07-31SC304875ns10:Originalns5:CurrentFinancialInstruments2022-07-31SC304875ns10:Originalns5:Non-currentFinancialInstruments2023-07-31SC304875ns10:Originalns5:Non-currentFinancialInstruments2022-07-31SC304875ns5:ShareCapitalns10:Original2023-07-31SC304875ns5:ShareCapitalns10:Original2022-07-31SC304875ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-31SC304875ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-31SC304875ns10:Originalns5:PlantMachinery2022-08-012023-07-31SC304875ns10:Originalns5:FurnitureFittings2022-08-012023-07-31SC304875ns10:Originalns5:MotorVehicles2022-08-012023-07-31SC304875ns10:Originalns5:ComputerEquipment2022-08-012023-07-31SC304875ns10:Original2021-08-012022-07-31SC304875ns10:Originalns5:LeaseholdImprovements2022-07-31SC304875ns10:Originalns5:PlantMachinery2022-07-31SC304875ns10:Originalns5:FurnitureFittings2022-07-31SC304875ns10:Originalns5:LeaseholdImprovements2022-08-012023-07-31SC304875ns10:Originalns5:LeaseholdImprovements2023-07-31SC304875ns10:Originalns5:PlantMachinery2023-07-31SC304875ns10:Originalns5:FurnitureFittings2023-07-31SC304875ns10:Originalns5:LeaseholdImprovements2022-07-31SC304875ns10:Originalns5:PlantMachinery2022-07-31SC304875ns10:Originalns5:FurnitureFittings2022-07-31SC304875ns10:Originalns5:MotorVehicles2022-07-31SC304875ns10:Originalns5:ComputerEquipment2022-07-31SC304875ns10:Original2022-07-31SC304875ns10:Originalns5:MotorVehicles2023-07-31SC304875ns10:Originalns5:ComputerEquipment2023-07-31SC304875ns10:Originalns5:MotorVehicles2022-07-31SC304875ns10:Originalns5:ComputerEquipment2022-07-31SC304875ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31SC304875ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-31SC304875ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-31SC304875ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-31SC304875ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-31SC304875ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31SC304875ns10:Original1ns10:Director12022-07-31SC304875ns10:Original1ns10:Director12021-07-31SC304875ns10:Original1ns10:Director12022-08-012023-07-31SC304875ns10:Original1ns10:Director12021-08-012022-07-31SC304875ns10:Original1ns10:Director12023-07-31SC304875ns10:Original1ns10:Director12022-07-31
REGISTERED NUMBER: SC304875 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Alpha Garage Doors Ltd.

Alpha Garage Doors Ltd. (Registered number: SC304875)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alpha Garage Doors Ltd.

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr I Wallace





REGISTERED OFFICE: Office 22
Fraserburgh Business Centre
South Harbour Road
Fraserburgh
Aberdeenshire
AB43 9TN





REGISTERED NUMBER: SC304875 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

Alpha Garage Doors Ltd. (Registered number: SC304875)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 52,790 53,079

CURRENT ASSETS
Inventories 55,100 51,960
Debtors 5 20,263 14,392
Cash at bank and in hand 9,285 18,510
84,648 84,862
CREDITORS
Amounts falling due within one year 6 77,794 79,898
NET CURRENT ASSETS 6,854 4,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,644

58,043

CREDITORS
Amounts falling due after more than one
year

7

(22,503

)

(26,255

)

PROVISIONS FOR LIABILITIES (6,479 ) (6,463 )
NET ASSETS 30,662 25,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,562 25,225
30,662 25,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Garage Doors Ltd. (Registered number: SC304875)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





Mr I Wallace - Director


Alpha Garage Doors Ltd. (Registered number: SC304875)

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

1. STATUTORY INFORMATION

Alpha Garage Doors Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 the amounts (excluding value added tax) derived from the provision of goods and services to customers. Revenue is recognised at the point of sale of goods and the point services are provided.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Alpha Garage Doors Ltd. (Registered number: SC304875)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 31,989 26,099 213
Additions - 2,634 308
Disposals - (3,879 ) -
At 31 July 2023 31,989 24,854 521
DEPRECIATION
At 1 August 2022 12,924 19,496 156
Charge for year 376 2,068 91
Eliminated on disposal - (2,905 ) -
At 31 July 2023 13,300 18,659 247
NET BOOK VALUE
At 31 July 2023 18,689 6,195 274
At 31 July 2022 19,065 6,603 57

Alpha Garage Doors Ltd. (Registered number: SC304875)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 43,813 1,990 104,104
Additions 27,725 - 30,667
Disposals (24,315 ) - (28,194 )
At 31 July 2023 47,223 1,990 106,577
DEPRECIATION
At 1 August 2022 17,351 1,098 51,025
Charge for year 8,988 223 11,746
Eliminated on disposal (6,079 ) - (8,984 )
At 31 July 2023 20,260 1,321 53,787
NET BOOK VALUE
At 31 July 2023 26,963 669 52,790
At 31 July 2022 26,462 892 53,079

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 43,813
Additions 27,725
Disposals (24,315 )
At 31 July 2023 47,223
DEPRECIATION
At 1 August 2022 17,351
Charge for year 8,988
Eliminated on disposal (6,079 )
At 31 July 2023 20,260
NET BOOK VALUE
At 31 July 2023 26,963
At 31 July 2022 26,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 15,599 13,064
Other debtors 4,664 1,328
20,263 14,392

Alpha Garage Doors Ltd. (Registered number: SC304875)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,018 4,852
Hire purchase contracts 9,297 9,036
Trade creditors 52,454 51,370
Taxation and social security 6,915 2,878
Other creditors 4,110 11,762
77,794 79,898

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 9,503 14,554
Hire purchase contracts 13,000 11,701
22,503 26,255

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr I Wallace
Balance outstanding at start of year (47 ) (44 )
Amounts advanced 313 905
Amounts repaid - (908 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 266 (47 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I Wallace.