1 April 2023 v2024.49.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP068510652023-04-012024-03-31068510652024-03-31068510652023-03-3106851065core:WithinOneYear2024-03-3106851065core:WithinOneYear2023-03-3106851065core:ShareCapital2024-03-3106851065core:ShareCapital2023-03-3106851065core:RetainedEarningsAccumulatedLosses2024-03-3106851065core:RetainedEarningsAccumulatedLosses2023-03-3106851065bus:Director12023-04-012024-03-3106851065bus:RegisteredOffice2023-04-012024-03-3106851065core:PlantMachinery2023-04-012024-03-31068510652022-04-012023-03-3106851065core:PlantMachinery2024-03-3106851065core:PlantMachinery2023-04-0106851065core:PlantMachinery2023-03-310685106512023-04-012024-03-3106851065countries:EnglandWales2023-04-012024-03-3106851065bus:AuditExemptWithAccountantsReport2023-04-012024-03-3106851065bus:PrivateLimitedCompanyLtd2023-04-012024-03-3106851065bus:SmallEntities2023-04-012024-03-3106851065bus:FullAccounts2023-04-012024-03-31
Company registration number:
06851065
Alpha Rail S&T Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Alpha Rail S&T Limited
Report of the Accountant to the director of Alpha Rail S&T Limited
Year ended
31 March 2024
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 March 2024
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Bee Motion Accounting Limited
136 Hall Street
Stockport
Greater Manchester
SK1 4HE
United Kingdom
Date:
6 April 2024
Alpha Rail S&T Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
343
 
531
 
Current assets    
Debtors 6 -  
3,088
 
Cash at bank and in hand
113,430
 
88,876
 
113,430
 
91,964
 
Creditors: amounts falling due within one year 7
(17,974
)
(15,286
)
Net current assets
95,456
 
76,678
 
Total assets less current liabilities 95,799   77,209  
Provisions for liabilities
(65
)
(101
)
Net assets
95,734
 
77,108
 
Capital and reserves    
Called up share capital
1,000
 
1,000
 
Profit and loss account
94,734
 
76,108
 
Shareholders funds
95,734
 
77,108
 
For the 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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
6 April 2024
, and are signed on behalf of the board by:
Mr Stephen Smith
Director
Company registration number:
06851065
Alpha Rail S&T Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
50 Forbes Road
,
Stockport
,
SK1 4HN
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Presentation currency

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 £.

Foreign exchange

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Turnover includes revenue earned from the sale of goods and/or services.
i) Sale of goods Turnover from the sale of goods are recognised when significant risks and rewards of ownership have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company.
ii) Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively. Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.

Employee benefits

The company offers a range of benefits to employees, including bonus arrangements, paid holiday arrangements and defined contribution pension plans.
Short-term employee benefits are those expected to be settled wholly before twelve months after the end of the annual reporting period during which employee services are rendered, but do not include termination benefits.

Pension scheme

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense when they are due. Amounts not paid are shown within 'taxes and social security' on the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Going Concern

The company has considerable financial resources together with contracts with a number of clients. The director believes that the company is well placed to manage its business risks successfully.
After making enquiries, the director has reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
and
31 March 2024
1,790
 
Depreciation  
At
1 April 2023
1,259
 
Charge
188
 
At
31 March 2024
1,447
 
Carrying amount  
At
31 March 2024
343
 
At 31 March 2023
531
 

6 Debtors

20242023
££
Trade debtors -  
3,088
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
14,340
 
11,718
 
Other creditors
3,634
 
3,568
 
17,974
 
15,286