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Registration number: 03758334

Alpine Trucking Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 1 July 2022 to 28 June 2023

 

Alpine Trucking Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

Alpine Trucking Ltd

(Registration number: 03758334)
Abridged Balance Sheet as at 28 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

255,936

263,465

Current assets

 

Cash at bank and in hand

 

17,319

34,942

Prepayments and accrued income

 

715

715

Creditors: Amounts falling due within one year

(101,977)

(129,223)

Net current liabilities

 

(83,943)

(93,566)

Total assets less current liabilities

 

171,993

169,899

Accruals and deferred income

 

(1,997)

(1,997)

Net assets

 

169,996

167,902

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

169,896

167,802

Shareholders' funds

 

169,996

167,902

 

Alpine Trucking Ltd

(Registration number: 03758334)
Abridged Balance Sheet as at 28 June 2023

For the financial period ending 28 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

.........................................
Mrs C Walne
Director

 

Alpine Trucking Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2022 to 28 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Jubilee Garage
Arthur Street
Burnley
Lancashire
BB11 1SB

These financial statements were authorised for issue by the Board on 19 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Alpine Trucking Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2022 to 28 June 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% pa on cost

Plant and machinery

10% pa reducing balance

Fixtures and fittings

25% pa on cost

Motor vehicles

25% pa reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Alpine Trucking Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2022 to 28 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2022 - 3).

 

Alpine Trucking Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 July 2022 to 28 June 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 July 2022

167,000

At 28 June 2023

167,000

Amortisation

At 1 July 2022

167,000

At 28 June 2023

167,000

Net book value

At 28 June 2023

-

5

Tangible assets

Total
£

Cost

At 1 July 2022

497,869

At 28 June 2023

497,869

Depreciation

At 1 July 2022

234,404

Charge for the period

7,529

At 28 June 2023

241,933

Net book value

At 28 June 2023

255,936

At 30 June 2022

263,465

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100