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REGISTERED NUMBER: SC644963 (Scotland)












Financial Statements for the Year Ended 30 September 2023

for

ALPHA FIRM LTD

ALPHA FIRM LTD (REGISTERED NUMBER: SC644963)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALPHA FIRM LTD

Company Information
for the Year Ended 30 September 2023







DIRECTOR: A Abdyyev





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC644963 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

ALPHA FIRM LTD (REGISTERED NUMBER: SC644963)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,175 4,049

CURRENT ASSETS
Stocks - 19,800
Debtors 5 56,511 -
Cash at bank 252,959 166,691
309,470 186,491
CREDITORS
Amounts falling due within one year 6 76,338 41,672
NET CURRENT ASSETS 233,132 144,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,307

148,868

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 237,297 148,858
SHAREHOLDERS' FUNDS 237,307 148,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 FIRM LTD (REGISTERED NUMBER: SC644963)

Balance Sheet - continued
30 September 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2024 and were signed by:





A Abdyyev - Director


ALPHA FIRM LTD (REGISTERED NUMBER: SC644963)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Work in progress
Work in Progress reflects uninvoiced work at the year end. Thus is valued at its subsequent selling price. Profit is therefore recognised.

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.

Deferred tax
Deferred tax is recognised in respect of all material 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.

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.

ALPHA FIRM LTD (REGISTERED NUMBER: SC644963)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2022 1,378 4,067 5,445
Additions - 2,963 2,963
Disposals - (2,333 ) (2,333 )
At 30 September 2023 1,378 4,697 6,075
DEPRECIATION
At 1 October 2022 29 1,367 1,396
Charge for year 337 1,194 1,531
Eliminated on disposal - (1,027 ) (1,027 )
At 30 September 2023 366 1,534 1,900
NET BOOK VALUE
At 30 September 2023 1,012 3,163 4,175
At 30 September 2022 1,349 2,700 4,049

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,511 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 60,668 37,208
Other creditors 15,670 4,464
76,338 41,672

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,270 (2022 - £40,200) were paid to the director .

The company was under control of A Abdyyev throughout the current previous year.

During the year the director further advanced the company net amounts totalling £10,705. As at 30 September 2023 included within other creditors is a balance outstanding due to the director of £12,705 (2022 - £2,000). No interest was paid on the funds advanced to the company.