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REGISTERED NUMBER: 01654548 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Alphacircle Engineering Limited

Alphacircle Engineering Limited (Registered number: 01654548)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alphacircle Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S L Atkinson
J Woodhead





SECRETARY: S L Atkinson





REGISTERED OFFICE: Kesgrave Street
Grimsby
North East Lincs
DN31 3HG





REGISTERED NUMBER: 01654548 (England and Wales)






Alphacircle Engineering Limited (Registered number: 01654548)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,223 4,992

CURRENT ASSETS
Stocks 5 36,297 28,845
Debtors 6 54,014 70,455
Cash at bank and in hand 2,018 48,107
92,329 147,407
CREDITORS
Amounts falling due within one year 7 65,142 76,632
NET CURRENT ASSETS 27,187 70,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,410

75,767

CREDITORS
Amounts falling due after more than one
year

8

(8,631

)

(14,756

)

PROVISIONS FOR LIABILITIES (571 ) (499 )
NET ASSETS 22,208 60,512

CAPITAL AND RESERVES
Called up share capital 1,960 1,960
Retained earnings 20,248 58,552
22,208 60,512

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Alphacircle Engineering Limited (Registered number: 01654548)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




J Woodhead - Director



S L Atkinson - Director


Alphacircle Engineering Limited (Registered number: 01654548)

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

1. STATUTORY INFORMATION

Alphacircle Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Stocks
Stocks 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

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 7 (2022 - 7 ) .

Alphacircle Engineering Limited (Registered number: 01654548)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 48,547 72,558 8,896 83,981 213,982
DEPRECIATION
At 1 January 2023 48,253 68,019 8,737 83,981 208,990
Charge for year 48 681 40 - 769
At 31 December 2023 48,301 68,700 8,777 83,981 209,759
NET BOOK VALUE
At 31 December 2023 246 3,858 119 - 4,223
At 31 December 2022 294 4,539 159 - 4,992

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 36,297 28,845

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 48,424 64,950
Other debtors 5,590 5,505
54,014 70,455

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 27,696 6,000
Trade creditors 4,859 11,204
Taxation and social security 26,050 52,754
Other creditors 6,537 6,674
65,142 76,632

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 8,631 14,756

Alphacircle Engineering Limited (Registered number: 01654548)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdraft 21,696 -
Bank loans 14,631 20,756
36,327 20,756

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.