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Registration number: 05543025

Alextra Group Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Alextra Group Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Alextra Group Limited

(Registration number: 05543025)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

777,067

820,243

Tangible assets

5

54,485

59,349

Investments

6

269,527

95

 

1,101,079

879,687

Current assets

 

Debtors

7

874,247

753,927

Cash at bank and in hand

 

135,044

178,002

 

1,009,291

931,929

Creditors: Amounts falling due within one year

8

(834,944)

(574,008)

Net current assets

 

174,347

357,921

Total assets less current liabilities

 

1,275,426

1,237,608

Creditors: Amounts falling due after more than one year

8

(439,060)

(406,087)

Provisions for liabilities

(13,622)

(11,276)

Net assets

 

822,744

820,245

Capital and reserves

 

Called up share capital

310

310

Capital redemption reserve

49

49

Profit and loss account

822,385

819,886

Shareholders' funds

 

822,744

820,245

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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.

 

Alextra Group Limited

(Registration number: 05543025)
Balance Sheet as at 31 March 2024

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 Directors Report and Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

.........................................
Mr Keith Andrew Knight
Director

.........................................
Mr Shawn William Harold Gallimore
Director

 

Alextra Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

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

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
United Kingdom

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services, including expenses that have been recharged. Turnover is shown net of value added tax 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 tax expense for the period comprises current and deferred 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.

 

Alextra Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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

Fixtures and fittings

20% straight line

Computer equipment

33% straight line

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.

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

20 years

Defined contribution pension obligation

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss when due. Any amount left outstanding at the year-end are shown within other creditors.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 62 (2023 - 53).

 

Alextra Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

863,414

863,414

At 31 March 2024

863,414

863,414

Amortisation

At 1 April 2023

43,171

43,171

Amortisation charge

43,176

43,176

At 31 March 2024

86,347

86,347

Carrying amount

At 31 March 2024

777,067

777,067

At 31 March 2023

820,243

820,243

 

Alextra Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

189,317

189,317

Additions

21,845

21,845

At 31 March 2024

211,162

211,162

Depreciation

At 1 April 2023

129,968

129,968

Charge for the year

26,709

26,709

At 31 March 2024

156,677

156,677

Carrying amount

At 31 March 2024

54,485

54,485

At 31 March 2023

59,349

59,349

6

Investments in subsidiaries, joint ventures and associates

2024
£

2023
£

Investments in subsidiaries

269,527

95

Subsidiaries

£

Cost or valuation

At 1 April 2023

95

Additions

269,432

At 31 March 2024

269,527

Provision

Carrying amount

At 31 March 2024

269,527

At 31 March 2023

95

 

Alextra Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Debtors

2024
£

2023
£

Trade debtors

552,877

483,423

Other debtors

321,370

270,504

874,247

753,927

8

Creditors

Creditors: amounts falling due within one year

Note

2024
 £

2023
 £

Due within one year

 

Loans and borrowings

97,533

65,986

Trade creditors

 

118,757

77,721

Other payables

 

618,654

430,301

 

834,944

574,008

Due after one year

 

Loans and borrowings

163,259

38,889

Other non-current financial liabilities

 

275,801

367,198

 

439,060

406,087


The amounts included within loans and borrowings are guaranteed personally by the directors.

Loans and borrowings are also secured by fixed and floating charges held over all property and undertakings.