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Registration number: 11156210

Alpha Reader Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 January 2024

 

Alpha Reader Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Alpha Reader Limited

(Registration number: 11156210)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

2,553

 

3,405

Current assets

   

 

Debtors

5

-

 

34,703

 

Cash at bank and in hand

 

65,164

 

48,314

 

 

65,164

 

83,017

 

Creditors: Amounts falling due within one year

6

(27,149)

 

(18,163)

 

Net current assets

   

38,015

 

64,854

Net assets

   

40,568

 

68,259

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

40,468

 

68,159

 

Total equity

   

40,568

 

68,259

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

Approved and authorised by the director on 23 October 2024
 

.........................................
Mr G McLean
Director

 

Alpha Reader Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
11 Fusion Court
Aberford Road
Garforth
LS25 2GH

These financial statements were authorised for issue by the director on 23 October 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 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.
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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Alpha Reader Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

Tangible assets

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

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

Plant and machinery

25% Reducing balance

Share capital

Ordinary shares are classified as equity.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Alpha Reader Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 January 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

7,283

7,283

At 31 January 2024

7,283

7,283

Depreciation

At 1 February 2023

3,878

3,878

Charge for the year

852

852

At 31 January 2024

4,730

4,730

Carrying amount

At 31 January 2024

2,553

2,553

At 31 January 2023

3,405

3,405

5

Debtors

Current

2024
£

2023
£

Other debtors

-

34,703

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

25,643

17,196

Other creditors

1,506

967

27,149

18,163