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REGISTERED NUMBER: 03671694 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALPHA MOTORCYCLES LIMITED

ALPHA MOTORCYCLES LIMITED (REGISTERED NUMBER: 03671694)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALPHA MOTORCYCLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr K R Fallows
Mrs K R Fallows
Mr J Fallows
Mr A Fallows





SECRETARY: Mr K R Fallows





REGISTERED OFFICE: 34-40 High Street
Wanstead
London
E11 2RJ





REGISTERED NUMBER: 03671694 (England and Wales)





ACCOUNTANTS: THP Limited
Chartered Accountants
34-40 High Street
Wanstead
London
E11 2RJ

ALPHA MOTORCYCLES LIMITED (REGISTERED NUMBER: 03671694)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 25,889 40,081
25,889 40,081

CURRENT ASSETS
Stocks 527,974 544,944
Debtors 6 24,387 15,907
Cash at bank 176,601 190,131
728,962 750,982
CREDITORS
Amounts falling due within one year 7 252,132 279,967
NET CURRENT ASSETS 476,830 471,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,719

511,096

CREDITORS
Amounts falling due after more than one
year

8

(7,410

)

(13,339

)

PROVISIONS FOR LIABILITIES 11 (6,397 ) (7,546 )
NET ASSETS 488,912 490,211

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 338,912 340,211
SHAREHOLDERS' FUNDS 488,912 490,211

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.

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 5 July 2024 and were signed on its behalf by:





Mr K R Fallows - Director


ALPHA MOTORCYCLES LIMITED (REGISTERED NUMBER: 03671694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Alpha Motorcycles 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes.

Sales of goods are recognised at the point of sale, which is considered to be the point of delivery and when the significant risks and rewards of the goods have been passed to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, has been fully amortised over its estimated useful life of ten years.

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.
Short leasehold property - Over the period of the lease
Plant and machinery - 20% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 20% on cost

Stocks
Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stocks are recognized as an expense in the period in which the related revenue is recognized.

Cost is determined on an average cost basis. Cost includes the purchase price, including taxes and duties, transport and all other costs directly attributable to bringing the stock to its present location and condition.

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.

ALPHA MOTORCYCLES LIMITED (REGISTERED NUMBER: 03671694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 61,200
AMORTISATION
At 1 January 2023
and 31 December 2023 61,200
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Short
leasehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 7,868 65,337 28,019 7,035 108,259
Additions - 2,129 - - 2,129
At 31 December 2023 7,868 67,466 28,019 7,035 110,388
DEPRECIATION
At 1 January 2023 7,868 46,989 7,783 5,538 68,178
Charge for year - 9,080 6,678 563 16,321
At 31 December 2023 7,868 56,069 14,461 6,101 84,499
NET BOOK VALUE
At 31 December 2023 - 11,397 13,558 934 25,889
At 31 December 2022 - 18,348 20,236 1,497 40,081

ALPHA MOTORCYCLES LIMITED (REGISTERED NUMBER: 03671694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 28,019
DEPRECIATION
At 1 January 2023 7,783
Charge for year 6,678
At 31 December 2023 14,461
NET BOOK VALUE
At 31 December 2023 13,558
At 31 December 2022 20,236

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 24,387 15,907

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 5,928 5,928
Trade creditors 169,369 237,924
Taxation and social security 46,226 13,284
Other creditors 30,609 22,831
252,132 279,967

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 7,410 13,339

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,928 5,928
Between one and five years 7,410 13,339
13,338 19,267

Non-cancellable operating leases
2023 2022
£    £   
Within one year 30,000 29,000
Between one and five years 120,000 116,000
In more than five years 30,000 58,000
180,000 203,000

ALPHA MOTORCYCLES LIMITED (REGISTERED NUMBER: 03671694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 13,338 19,267
Other creditors - 10,015
13,338 29,282

The hire purchase contracts and other creditors are secured against the fixed assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 6,397 7,546

Deferred
tax
£   
Balance at 1 January 2023 7,546
Credit to Income Statement during year (1,149 )
Balance at 31 December 2023 6,397

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr K R Fallows
Balance outstanding at start of year - 1,250
Amounts advanced 10,000 10,000
Amounts repaid (10,000 ) (11,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs K R Fallows
Balance outstanding at start of year - 250
Amounts advanced 2,000 2,000
Amounts repaid (2,000 ) (2,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr A Fallows
Balance outstanding at start of year - -
Amounts advanced 5,000 4,250
Amounts repaid (5,000 ) (4,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

ALPHA MOTORCYCLES LIMITED (REGISTERED NUMBER: 03671694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr J Fallows
Balance outstanding at start of year - -
Amounts advanced 5,000 4,250
Amounts repaid (5,000 ) (4,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans were interest free and repaid during the year.