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REGISTERED NUMBER: 09470033 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

Alpha Fab Limited

Alpha Fab Limited (Registered number: 09470033)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alpha Fab Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs A Muenster-Staines
G Longbottom





REGISTERED OFFICE: Unit 2
Springwell Court
Leeds
West Yorkshire
LS12 1AL





REGISTERED NUMBER: 09470033 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Alpha Fab Limited (Registered number: 09470033)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,472 7,297
Investment property 5 3,406,401 3,400,000
3,411,873 3,407,297

CURRENT ASSETS
Debtors 6 113,880 9,046
Cash at bank and in hand 159,718 44,230
273,598 53,276
CREDITORS
Amounts falling due within one year 7 760,669 600,719
NET CURRENT LIABILITIES (487,071 ) (547,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,924,802

2,859,854

CREDITORS
Amounts falling due after more than one year 8 (1,292,375 ) (1,326,875 )

PROVISIONS FOR LIABILITIES (262,567 ) (199,898 )
NET ASSETS 1,369,860 1,333,081

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 826,973 889,661
Retained earnings 542,787 443,320
SHAREHOLDERS' FUNDS 1,369,860 1,333,081

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Alpha Fab Limited (Registered number: 09470033)

Balance Sheet - continued
30 April 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 8 January 2024 and were signed on its behalf by:





Mrs A Muenster-Staines - Director


Alpha Fab Limited (Registered number: 09470033)

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

1. STATUTORY INFORMATION

Alpha Fab 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 represents rental of commercial property and machinery excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is included at fair value. Changes in fair value are recognised in the income statement

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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 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.

3. EMPLOYEES AND DIRECTORS

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

Alpha Fab Limited (Registered number: 09470033)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 25,273 546 25,819
DEPRECIATION
At 1 May 2022 17,976 546 18,522
Charge for year 1,825 - 1,825
At 30 April 2023 19,801 546 20,347
NET BOOK VALUE
At 30 April 2023 5,472 - 5,472
At 30 April 2022 7,297 - 7,297

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 3,400,000
Additions 6,401
At 30 April 2023 3,406,401
NET BOOK VALUE
At 30 April 2023 3,406,401
At 30 April 2022 3,400,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2016 80,000
Valuation in 2017 (10,739 )
Valuation in 2018 566,680
Valuation in 2019 168,722
Valuation in 2021 65,000
Valuation in 2022 218,509
Cost 2,318,229
3,406,401

Alpha Fab Limited (Registered number: 09470033)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 1,550
Other debtors 113,880 7,496
113,880 9,046

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 34,500 34,500
Trade creditors 401,319 394,687
Taxation and social security 24,521 10,641
Other creditors 300,329 160,891
760,669 600,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 1,292,375 1,326,875

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,171,875 1,196,375

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 1,326,875 1,361,375

Svenska Handelsbanken AB holds the following charges over the company:
By way of Legal Mortgage in relation to Unit 4 Springwell Court, Unit 2 Oakley Wood Court, Land on the North side of Brayton Lane and 17 Rythergate.
Fixed and floating charge in relation to debenture.

Handelsbanken Plc holds a fixed charge over the company in relation to 192 Mount Vale.