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REGISTERED NUMBER: 11232961 (England and Wales)
























Unaudited Financial Statements for the Year Ended 31 March 2024

for

Alpha Asset Finance Ltd

Alpha Asset Finance Ltd (Registered number: 11232961)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alpha Asset Finance Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B P O'Hara
P N M Spinks





REGISTERED OFFICE: Second Floor Office
The Maltings
Wharf Road
Grantham
Lincolnshire
NG31 6BH





REGISTERED NUMBER: 11232961 (England and Wales)





ACCOUNTANTS: Jackson JMR Limited
Suites 48-49
Autumn Park Business Centre
Dysart Road
Grantham
Lincolnshire
NG31 7EU

Alpha Asset Finance Ltd (Registered number: 11232961)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,592 102,469

CURRENT ASSETS
Debtors 5 71,196 60,933
Prepayments and accrued income 7,480 2,460
Cash at bank 272,951 274,026
351,627 337,419
CREDITORS
Amounts falling due within one year 6 171,260 193,138
NET CURRENT ASSETS 180,367 144,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,959

246,750

CREDITORS
Amounts falling due after more than one year 7 74,901 126,802
NET ASSETS 188,058 119,948

CAPITAL AND RESERVES
Called up share capital 172 172
Share premium 27,035 -
Retained earnings 160,851 119,776
188,058 119,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Asset Finance Ltd (Registered number: 11232961)

Balance Sheet - continued
31 March 2024


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 14 October 2024 and were signed on its behalf by:




B P O'Hara - Director



P N M Spinks - Director


Alpha Asset Finance Ltd (Registered number: 11232961)

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

1. STATUTORY INFORMATION

Alpha Asset Finance Ltd 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.

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.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Alpha Asset Finance Ltd (Registered number: 11232961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 183,020
Additions 28,943
Disposals (47,878 )
At 31 March 2024 164,085
DEPRECIATION
At 1 April 2023 80,551
Charge for year 23,153
Eliminated on disposal (22,211 )
At 31 March 2024 81,493
NET BOOK VALUE
At 31 March 2024 82,592
At 31 March 2023 102,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,996 45,933
Amounts owed by associates 25,000 15,000
Other debtors 200 -
71,196 60,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,957 19,548
Hire purchase contracts 13,660 19,087
Trade creditors 1,988 8,767
Taxation and social security 121,578 80,129
Other creditors 19,077 65,607
171,260 193,138

Alpha Asset Finance Ltd (Registered number: 11232961)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,666 21,666
Hire purchase contracts 63,235 105,136
74,901 126,802