Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03665973 Miss Lynette Randall Mrs Sam Miles true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03665973 2023-03-31 03665973 2024-03-31 03665973 2023-04-01 2024-03-31 03665973 frs-core:CurrentFinancialInstruments 2024-03-31 03665973 frs-core:FurnitureFittings 2024-03-31 03665973 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03665973 frs-core:FurnitureFittings 2023-03-31 03665973 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03665973 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03665973 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 03665973 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03665973 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03665973 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03665973 frs-core:ShareCapital 2024-03-31 03665973 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03665973 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03665973 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03665973 frs-bus:SmallEntities 2023-04-01 2024-03-31 03665973 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03665973 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03665973 1 2023-04-01 2024-03-31 03665973 frs-bus:Director1 2023-04-01 2024-03-31 03665973 frs-bus:Director2 2023-04-01 2024-03-31 03665973 frs-core:CurrentFinancialInstruments 1 2024-03-31 03665973 frs-countries:EnglandWales 2023-04-01 2024-03-31 03665973 2022-03-31 03665973 2023-03-31 03665973 2022-04-01 2023-03-31 03665973 frs-core:CurrentFinancialInstruments 2023-03-31 03665973 frs-core:ShareCapital 2023-03-31 03665973 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 03665973 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 03665973
Alpha Contracts Leasing Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03665973
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 165,248 5,153
165,248 5,153
CURRENT ASSETS
Debtors 5 127,132 70,018
Cash at bank and in hand 120,635 259,532
247,767 329,550
Creditors: Amounts Falling Due Within One Year 6 (88,436 ) (85,263 )
NET CURRENT ASSETS (LIABILITIES) 159,331 244,287
TOTAL ASSETS LESS CURRENT LIABILITIES 324,579 249,440
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,002 ) (928 )
NET ASSETS 322,577 248,512
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 322,575 248,510
SHAREHOLDERS' FUNDS 322,577 248,512
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Lynette Randall
Director
12/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Alpha Contracts Leasing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03665973 . The registered office is 32 Lister Drive, Northampton, NN4 9XE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Leasehold Fully written off
Fixtures & Fittings 15% reducing balance method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 - 22,254 12,046 34,300
Additions 157,241 - 4,267 161,508
As at 31 March 2024 157,241 22,254 16,313 195,808
Depreciation
As at 1 April 2023 - 22,254 6,893 29,147
Provided during the period - - 1,413 1,413
As at 31 March 2024 - 22,254 8,306 30,560
Net Book Value
As at 31 March 2024 157,241 - 8,007 165,248
As at 1 April 2023 - - 5,153 5,153
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 74,747 68,351
Prepayments and accrued income 4,485 1,667
Directors' loan accounts 47,900 -
127,132 70,018
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,617 4,140
Corporation tax 58,096 38,208
VAT 21,798 35,771
Pension (Current liabilities - creditors < 1 year) 1,995 6,445
Accruals and deferred income 930 699
88,436 85,263
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 102,000 130,000
Page 4
Page 5
9. Ultimate Controlling Party
The company is under control of the directors by virtue of their shareholdings.
Page 5