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REGISTERED NUMBER: 05695756 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

ALPHA PHOTO SUPPLIES LIMITED

ALPHA PHOTO SUPPLIES LIMITED (REGISTERED NUMBER: 05695756)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ALPHA PHOTO SUPPLIES LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Vijay Kumar Sekhri





SECRETARY: Poonam Sekhri





REGISTERED OFFICE: 207 Birmingham Road
Shestone Wood End
Lichfield
Staffordshire
WS14 0PA





REGISTERED NUMBER: 05695756 (England and Wales)





ACCOUNTANTS: Brindleys Limited
Chartered Accountants
2 Wheeleys Road
Edgbaston
Birmingham
B15 2LD

ALPHA PHOTO SUPPLIES LIMITED (REGISTERED NUMBER: 05695756)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,000 17,000
Tangible assets 5 37,544 49,893
50,544 66,893

CURRENT ASSETS
Stocks 6 106,000 82,399
Debtors 7 7,665 6,308
Cash at bank 199,294 197,812
312,959 286,519
CREDITORS
Amounts falling due within one year 8 59,574 57,028
NET CURRENT ASSETS 253,385 229,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,929

296,384

PROVISIONS FOR LIABILITIES 9 7,133 9,480
NET ASSETS 296,796 286,904

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 296,794 286,902
SHAREHOLDERS' FUNDS 296,796 286,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 PHOTO SUPPLIES LIMITED (REGISTERED NUMBER: 05695756)

Statement of Financial Position - continued
29 February 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





Vijay Kumar Sekhri - Director


ALPHA PHOTO SUPPLIES LIMITED (REGISTERED NUMBER: 05695756)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Alpha Photo Supplies 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.

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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 15% on reducing balance

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 PHOTO SUPPLIES LIMITED (REGISTERED NUMBER: 05695756)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 80,000
AMORTISATION
At 1 March 2023 63,000
Charge for year 4,000
At 29 February 2024 67,000
NET BOOK VALUE
At 29 February 2024 13,000
At 28 February 2023 17,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 6,437 64,864 71,301
DEPRECIATION
At 1 March 2023 5,192 16,216 21,408
Charge for year 187 12,162 12,349
At 29 February 2024 5,379 28,378 33,757
NET BOOK VALUE
At 29 February 2024 1,058 36,486 37,544
At 28 February 2023 1,245 48,648 49,893

6. STOCKS
2024 2023
£    £   
Stocks 106,000 82,399

ALPHA PHOTO SUPPLIES LIMITED (REGISTERED NUMBER: 05695756)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,912 338
Other debtors 5,753 5,970
7,665 6,308

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,165 22,742
Corporation tax 8,288 3,144
VAT 2,429 4,782
Directors' current accounts 41 23,709
Accrued expenses 2,651 2,651
59,574 57,028

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,133 9,480

Deferred
tax
£   
Balance at 1 March 2023 9,480
Provided during year (2,347 )
Balance at 29 February 2024 7,133

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
2 2

ALPHA PHOTO SUPPLIES LIMITED (REGISTERED NUMBER: 05695756)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. RESERVES
Retained
earnings
£   

At 1 March 2023 286,902
Profit for the year 21,392
Dividends (11,500 )
At 29 February 2024 296,794

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Vijay Kumar Sekhri and Poonam Sekhri.