Company registration number 01560814 (England and Wales)
ALPMA GB LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
ALPMA GB LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
5
427,934
391,652
Investments
6
629,320
548,707
1,057,254
940,359
Current assets
Stocks
7
59,366
135,317
Debtors
8
687,109
913,710
Cash at bank and in hand
1,050,027
623,149
1,796,502
1,672,176
Creditors: amounts falling due within one year
9
(859,755)
(735,097)
Net current assets
936,747
937,079
Total assets less current liabilities
1,994,001
1,877,438
Provisions for liabilities
11
(31,465)
(39,782)
Net assets
1,962,536
1,837,656
Capital and reserves
Called up share capital
12
10,000
10,000
Profit and loss reserves
1,952,536
1,827,656
Total equity
1,962,536
1,837,656

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 March 2024 and are signed on its behalf by:
Mr N  Aikenhead
Director
Company registration number 01560814 (England and Wales)
ALPMA GB LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2022
10,000
1,554,270
1,564,270
Year ended 31 December 2022:
Profit and total comprehensive income
-
273,386
273,386
Balance at 31 December 2022
10,000
1,827,656
1,837,656
Year ended 31 December 2023:
Profit and total comprehensive income
-
424,880
424,880
Dividends
4
-
(300,000)
(300,000)
Balance at 31 December 2023
10,000
1,952,536
1,962,536
ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Alpma GB Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Unit 1 Devonshire Business Park, Knights Park Road, Basingstoke, Hampshire, RG21 6XN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

For the year ended 31 December 2023 the company made a profit after tax of £424,800 (2022: £273,386), and shows a net current asset position at 31 December 2023 of £936,747 (2022: £937,079). The directors have based their assessment of going concern on forecasts prepared and sensitivity analysis around the level of income. At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the twelve months from the date of signing the audit report due to the continued profitability of the company, its existing level of cash reserves, as well as receiving written confirmation of support from the parent company for a period of at least twelve months. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the invoiced value, net of Value Added Tax, of goods sold and services provided to customers outside the group.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 

Commission due on machine sales made on behalf of the parent company is recognised once the machine has been delivered to the customer and the project has been completed. Commission due on machine sales made on behalf of other companies are recognised on receipt of payment to the company from the end users

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
straight line over 50 years
Motor vehicles
straight line over 4 years
Fixtures, fittings and equipment
straight line over 2-3 years
Plant and machinery
straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Trade investments are classified as financial instruments and accounted for in accordance with the accounting policy at fair value through profit or loss, as set out in the financial instruments accounting policy.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -

Trade Investments

Trade investments are equity investments over which the company has no significant influence, joint control or control and are initially measured at transaction price. Transaction price includes transaction costs, except where trade investments are measured at fair value through profit or loss when transaction costs are expensed to profit or loss as incurred.

The fair value of trade investments quoted on a recognised stock exchange is the quoted bid price. The fair value of unlisted investments is measured using valuation techniques which include turnover multiple, earnings multiple, net assets or discounted cash flows, as appropriate, based on the nature and circumstances of the investment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and amounts owed to group undertakings that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

1.11
Retirement benefits

For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

1.13
Foreign exchange

Transactions in currencies other than the functional currency (foreign currency) are initially recorded at the exchange rate prevailing on the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the reporting date. Non-monetary assets and liabilities denominated in foreign currencies are translated at the rate ruling at the date of the transaction, or, if the asset or liability is measured at fair value, the rate when that fair value was determined.

All translation differences are taken to profit or loss, except to the extent that they relate to gains or losses on non-monetary items recognised in other comprehensive income, when the related translation gain or loss is also recognised in other comprehensive income.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
8
ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
3
Directors' remuneration
2023
2022
£
£
Remuneration paid to directors
477,500
367,784

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 1 (2022 - 1).

4
Dividends
2023
2022
£
£
Dividends paid
300,000
-
0
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
418,173
229,277
647,450
Additions
21,150
73,804
94,954
Disposals
-
0
(30,076)
(30,076)
At 31 December 2023
439,323
273,005
712,328
Depreciation and impairment
At 1 January 2023
118,019
137,779
255,798
Depreciation charged in the year
8,892
49,780
58,672
Eliminated in respect of disposals
-
0
(30,076)
(30,076)
At 31 December 2023
126,911
157,483
284,394
Carrying amount
At 31 December 2023
312,412
115,522
427,934
At 31 December 2022
300,154
91,498
391,652
6
Fixed asset investments
2023
2022
£
£
Other investments other than loans
629,320
548,707

Fixed asset investments revalued.

Listed investments were revalued at 31 December 2023 with reference to their market value, if the investments were stated on a historical cost basis rather than a fair value basis the figure included would have been £421,577 (2022: £417,216).

ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6
Fixed asset investments
(Continued)
- 8 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 January 2023
548,707
Additions
4,361
Valuation changes
76,252
At 31 December 2023
629,320
Carrying amount
At 31 December 2023
629,320
At 31 December 2022
548,707
7
Stocks
2023
2022
£
£
Work in progress
8,160
79,528
Finished goods and goods for resale
51,206
55,789
59,366
135,317
8
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
640,527
559,618
Amounts owed by group undertakings
4,793
322,955
Other debtors
41,789
31,137
687,109
913,710
9
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
39,122
9,301
Amounts owed to group undertakings
60,869
60,129
Corporation tax
73,304
25,263
Other taxation and social security
207,898
125,329
Other creditors
478,562
515,075
859,755
735,097
ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 9 -
10
Financial instruments
2023
2022
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
629,320
548,707
11
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
31,465
39,782
12
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,000
10,000
10,000
10,000
13
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2023
2022
£
£
Total
18,318
24,424
14
Capital commitments

Amounts contracted for but not provided in the financial statements:

2023
2022
£
£
Acquisition of tangible fixed assets
-
25,380
15
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

ALPMA GB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15
Related party transactions
(Continued)
- 10 -
Purchases
Purchases
2023
2022
£
£
Other related parties
34,326
43,079
Other information

The purchse of goods disclosed above are with an entity related to Alpma GB Limited due to the relationship between the directors of the transacting entities.

16
Parent company

Alpma Holding GMBH, a company incorporated in Germany, is the smallest group to prepare consolidated financial statements which inlude Alpma GB Limited. Copies of the group financial statements of Alpma Holdings GMBH can be obtained from its registered office Alpenstrasse 39-41 , 8343 Rott am Inn.

17
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Stephen Morgan
Statutory Auditor:
Shaw Gibbs (Audit) Limited
Date of audit report:
19 March 2024
2023-12-312023-01-01false19 March 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr N AikenheadMr. Frank Eberlefalsefalse015608142023-01-012023-12-31015608142023-12-31015608142022-12-3101560814core:LandBuildings2023-12-3101560814core:OtherPropertyPlantEquipment2023-12-3101560814core:LandBuildings2022-12-3101560814core:OtherPropertyPlantEquipment2022-12-3101560814core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3101560814core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3101560814core:CurrentFinancialInstruments2023-12-3101560814core:CurrentFinancialInstruments2022-12-3101560814core:ShareCapital2023-12-3101560814core:ShareCapital2022-12-3101560814core:RetainedEarningsAccumulatedLosses2023-12-3101560814core:RetainedEarningsAccumulatedLosses2022-12-3101560814core:ShareCapital2021-12-3101560814core:RetainedEarningsAccumulatedLosses2021-12-3101560814bus:Director12023-01-012023-12-3101560814core:RetainedEarningsAccumulatedLosses2022-01-012022-12-31015608142022-01-012022-12-3101560814core:RetainedEarningsAccumulatedLosses2023-01-012023-12-3101560814core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-012023-12-3101560814core:PlantMachinery2023-01-012023-12-3101560814core:FurnitureFittings2023-01-012023-12-3101560814core:MotorVehicles2023-01-012023-12-3101560814core:LandBuildings2022-12-3101560814core:OtherPropertyPlantEquipment2022-12-31015608142022-12-3101560814core:LandBuildings2023-01-012023-12-3101560814core:OtherPropertyPlantEquipment2023-01-012023-12-3101560814core:WithinOneYear2023-12-3101560814core:WithinOneYear2022-12-3101560814bus:PrivateLimitedCompanyLtd2023-01-012023-12-3101560814bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101560814bus:FRS1022023-01-012023-12-3101560814bus:Audited2023-01-012023-12-3101560814bus:Director22023-01-012023-12-3101560814bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP