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REGISTERED NUMBER: 03093797 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ALPHA RECOVERY LIMITED

ALPHA RECOVERY LIMITED (REGISTERED NUMBER: 03093797)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ALPHA RECOVERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: M R Burke





SECRETARY: K L Burke





REGISTERED OFFICE: Weetslade Industrial Estate
Dudley
Cramlington
Northumberland
NE23 7PS





REGISTERED NUMBER: 03093797 (England and Wales)





ACCOUNTANTS: T. O'Sullivan Limited
Chartered Certified Accountants
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR

ALPHA RECOVERY LIMITED (REGISTERED NUMBER: 03093797)

ABRIDGED BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 70,000
Tangible assets 5 1,898,025 1,851,639
Investment property 6 1,302,550 1,238,365
3,260,575 3,160,004

CURRENT ASSETS
Stocks 34,300 31,500
Debtors 1,295,386 1,285,260
Cash at bank and in hand 879,658 836,220
2,209,344 2,152,980
CREDITORS
Amounts falling due within one year 485,899 484,238
NET CURRENT ASSETS 1,723,445 1,668,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,984,020

4,828,746

CREDITORS
Amounts falling due after more than one
year

7

(30,826

)

(394,298

)

PROVISIONS FOR LIABILITIES 8 (390,755 ) (242,700 )
NET ASSETS 4,562,439 4,191,748

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation Reserve 41,268 -
Retained earnings 4,521,169 4,191,746
SHAREHOLDERS' FUNDS 4,562,439 4,191,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 RECOVERY LIMITED (REGISTERED NUMBER: 03093797)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





M R Burke - Director


ALPHA RECOVERY LIMITED (REGISTERED NUMBER: 03093797)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Alpha Recovery 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Profit & Loss Account, 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.


ALPHA RECOVERY LIMITED (REGISTERED NUMBER: 03093797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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 20 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 131,669
AMORTISATION
At 1 July 2022 61,669
Amortisation for year 10,000
At 30 June 2023 71,669
NET BOOK VALUE

At 30 June 2023 60,000
At 30 June 2022 70,000

ALPHA RECOVERY LIMITED (REGISTERED NUMBER: 03093797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 4,932,678
Additions 789,397
Disposals (472,231 )
At 30 June 2023 5,249,844
DEPRECIATION
At 1 July 2022 3,081,039
Charge for year 585,500
Eliminated on disposal (314,720 )
At 30 June 2023 3,351,819
NET BOOK VALUE
At 30 June 2023 1,898,025
At 30 June 2022 1,851,639

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2022 1,155,872
Additions 101,998
Transfer to ownership (187,667 )
At 30 June 2023 1,070,203
DEPRECIATION
At 1 July 2022 746,896
Charge for year 112,899
Transfer to ownership (128,288 )
At 30 June 2023 731,507
NET BOOK VALUE
At 30 June 2023 338,696
At 30 June 2022 408,976

ALPHA RECOVERY LIMITED (REGISTERED NUMBER: 03093797)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 1,238,365
Additions 22,916
Revaluations 330,083
Impairments (288,814 )
At 30 June 2023 1,302,550
NET BOOK VALUE
At 30 June 2023 1,302,550
At 30 June 2022 1,238,365

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 41,268
Cost 1,261,282
1,302,550

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 55,740

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Differences due to excess of tax allowance
over depreciation

390,755

242,700

Deferred
tax
£   
Balance at 1 July 2022 242,700
Provided during year 148,055
Adjustment for year
Balance at 30 June 2023 390,755

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2