IRIS Accounts Production v24.2.0.383 09770504 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097705042022-12-31097705042023-12-31097705042023-01-012023-12-31097705042021-12-31097705042022-01-012022-12-31097705042022-12-3109770504ns15:EnglandWales2023-01-012023-12-3109770504ns14:PoundSterling2023-01-012023-12-3109770504ns10:Director12023-01-012023-12-3109770504ns10:Director22023-01-012023-12-3109770504ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109770504ns10:SmallEntities2023-01-012023-12-3109770504ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109770504ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109770504ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109770504ns10:FullAccounts2023-01-012023-12-3109770504ns10:Director32023-01-012023-12-3109770504ns10:Director42023-01-012023-12-3109770504ns10:RegisteredOffice2023-01-012023-12-3109770504ns5:CurrentFinancialInstruments2023-12-3109770504ns5:CurrentFinancialInstruments2022-12-3109770504ns5:Non-currentFinancialInstruments2023-12-3109770504ns5:Non-currentFinancialInstruments2022-12-3109770504ns5:ShareCapital2023-12-3109770504ns5:ShareCapital2022-12-3109770504ns5:RetainedEarningsAccumulatedLosses2023-12-3109770504ns5:RetainedEarningsAccumulatedLosses2022-12-3109770504ns5:PlantMachinery2022-12-3109770504ns5:FurnitureFittings2022-12-3109770504ns5:MotorVehicles2022-12-3109770504ns5:ComputerEquipment2022-12-3109770504ns5:PlantMachinery2023-01-012023-12-3109770504ns5:FurnitureFittings2023-01-012023-12-3109770504ns5:MotorVehicles2023-01-012023-12-3109770504ns5:ComputerEquipment2023-01-012023-12-3109770504ns5:PlantMachinery2023-12-3109770504ns5:FurnitureFittings2023-12-3109770504ns5:MotorVehicles2023-12-3109770504ns5:ComputerEquipment2023-12-3109770504ns5:PlantMachinery2022-12-3109770504ns5:FurnitureFittings2022-12-3109770504ns5:MotorVehicles2022-12-3109770504ns5:ComputerEquipment2022-12-3109770504ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109770504ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3109770504ns5:Secured2023-12-3109770504ns5:Secured2022-12-31
REGISTERED NUMBER: 09770504 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALPHA AIR FABRICATIONS LIMITED

ALPHA AIR FABRICATIONS LIMITED (REGISTERED NUMBER: 09770504)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALPHA AIR FABRICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs L Herbert
Mr M R Herbert
Mrs K J Price
Mr D C Price





REGISTERED OFFICE: 75 Waterside Road
Hamilton
Leicester
Leicestershire
LE5 1TL





REGISTERED NUMBER: 09770504 (England and Wales)

ALPHA AIR FABRICATIONS LIMITED (REGISTERED NUMBER: 09770504)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,448 127,237

CURRENT ASSETS
Stocks 5 5,500 6,000
Debtors 6 1,188,565 1,369,072
Cash at bank 1,485,998 763,451
2,680,063 2,138,523
CREDITORS
Amounts falling due within one year 7 1,378,593 804,935
NET CURRENT ASSETS 1,301,470 1,333,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,395,918

1,460,825

CREDITORS
Amounts falling due after more than one
year

8

(129,963

)

(211,356

)

PROVISIONS FOR LIABILITIES (23,612 ) (24,174 )
NET ASSETS 1,242,343 1,225,295

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,242,342 1,225,294
1,242,343 1,225,295

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.

ALPHA AIR FABRICATIONS LIMITED (REGISTERED NUMBER: 09770504)

BALANCE SHEET - continued
31 DECEMBER 2023


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 25 September 2024 and were signed on its behalf by:




Mr D C Price - Director



Mr M R Herbert - Director


ALPHA AIR FABRICATIONS LIMITED (REGISTERED NUMBER: 09770504)

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


1. STATUTORY INFORMATION

Alpha Air Fabrications 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on receipt of the goods.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - over 4 years

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 balance sheet date.


ALPHA AIR FABRICATIONS LIMITED (REGISTERED NUMBER: 09770504)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 6 ) .

ALPHA AIR FABRICATIONS LIMITED (REGISTERED NUMBER: 09770504)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 89,346 4,327 146,968 26,454 267,095
Additions - - - 14,544 14,544
At 31 December 2023 89,346 4,327 146,968 40,998 281,639
DEPRECIATION
At 1 January 2023 40,577 3,199 79,793 16,289 139,858
Charge for year 7,315 343 36,742 2,933 47,333
At 31 December 2023 47,892 3,542 116,535 19,222 187,191
NET BOOK VALUE
At 31 December 2023 41,454 785 30,433 21,776 94,448
At 31 December 2022 48,769 1,128 67,175 10,165 127,237

5. STOCKS
2023 2022
£    £   
Stocks 5,500 6,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,025,207 1,250,700
Amounts owed by group undertakings 114,938 76,435
Other debtors 48,420 41,937
1,188,565 1,369,072

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 55,000 50,833
Hire purchase contracts 4,951 9,773
Trade creditors 1,050,106 549,952
Taxation and social security 196,213 183,601
Other creditors 72,323 10,776
1,378,593 804,935

ALPHA AIR FABRICATIONS LIMITED (REGISTERED NUMBER: 09770504)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 100,313 181,577
Hire purchase contracts 29,650 29,779
129,963 211,356

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment - 16,398
- 16,398

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase due < 1 year 4,951 9,773
Hire purchase due > 1 year 29,650 29,779
34,601 39,552

Hire purchase contracts are secured upon the assets to which they relate.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking of the company is Alphacoast Limited. The registered office and principal place of business of Alphacoast Limited is 75 Waterside Road, Hamilton, Leicester, Leicestershire, LE5 1TL.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.