Company Registration No. 09652738 (England and Wales)
ALPHA SECURITY LOGISTICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
ALPHA SECURITY LOGISTICS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ALPHA SECURITY LOGISTICS LIMITED
BALANCE SHEET
AS AT
29 JUNE 2024
29 June 2024
- 1 -
29 June 2024
30 June 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,492
10,109
Current assets
Debtors
4
63,763
50,564
Creditors: amounts falling due within one year
5
(46,620)
(40,869)
Net current assets
17,143
9,695
Total assets less current liabilities
24,635
19,804
Creditors: amounts falling due after more than one year
6
(24,163)
(30,023)
Net assets/(liabilities)
472
(10,219)
Capital and reserves
Called up share capital
7
820
820
Profit and loss reserves
(348)
(11,039)
Total equity
472
(10,219)

For the financial year ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 January 2025
Mr A R Richards
Director
Company registration number 09652738 (England and Wales)
ALPHA SECURITY LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
- 2 -
1
Accounting policies
Company information

Alpha Security Logistics Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Crosshill, Shrewsbury, Shropshire, SY1 1JH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance
Working dogs
Straight line over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ALPHA SECURITY LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Motor vehicles
Working dogs
Total
£
£
£
Cost
At 30 June 2023 and 29 June 2024
34,000
3,000
37,000
Depreciation and impairment
At 30 June 2023
25,931
960
26,891
Depreciation charged in the year
2,017
600
2,617
At 29 June 2024
27,948
1,560
29,508
Carrying amount
At 29 June 2024
6,052
1,440
7,492
At 29 June 2023
8,069
2,040
10,109
ALPHA SECURITY LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,302
6,199
Other debtors
55,461
44,365
63,763
50,564
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
29,102
29,048
Obligations under finance leases
2,427
2,427
Trade creditors
5,837
6,381
Corporation tax
7,289
1,141
Accruals and deferred income
1,965
1,872
46,620
40,869
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
6,676
9,103
Other borrowings
17,487
20,920
24,163
30,023
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
820
820
ALPHA SECURITY LOGISTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 5 -
8
Directors' transactions

Dividends totalling £12,900 (2023 - £7,000) were paid in the year in respect of shares held by the company's directors.

Interest free loans have been granted by the company to its directors as follows:

The directors are due to repay their advance imminently following the pending sale of a freehold property.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Advance free of interest
-
44,365
55,461
(44,365)
55,461
44,365
55,461
(44,365)
55,461
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