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REGISTERED NUMBER: 03323050 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Altech Engineering Limited

Altech Engineering Limited (Registered number: 03323050)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Altech Engineering Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I Westley
Mrs J Westley





SECRETARY: I Westley





REGISTERED OFFICE: Suite 6,
141/143 South Road
Haywards Heath
West Sussex
RH16 4LY





REGISTERED NUMBER: 03323050 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Altech Engineering Limited (Registered number: 03323050)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 969,935 684,919

CURRENT ASSETS
Stocks 50,811 64,410
Debtors 5 1,017,718 1,101,738
Cash at bank 615,332 380,188
1,683,861 1,546,336
CREDITORS
Amounts falling due within one year 6 535,255 554,571
NET CURRENT ASSETS 1,148,606 991,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,118,541

1,676,684

CREDITORS
Amounts falling due after more than one
year

7

(222,262

)

(20,849

)

PROVISIONS FOR LIABILITIES (176,560 ) (127,074 )
NET ASSETS 1,719,719 1,528,761

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,719,519 1,528,561
SHAREHOLDERS' FUNDS 1,719,719 1,528,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Altech Engineering Limited (Registered number: 03323050)

Balance Sheet - continued
30 April 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 11 October 2024 and were signed on its behalf by:





I Westley - Director


Altech Engineering Limited (Registered number: 03323050)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Altech Engineering Limited 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.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 18 (2023 - 18 ) .

Altech Engineering Limited (Registered number: 03323050)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023 38,599 1,676,734 50,960 1,766,293
Additions - 384,350 16,579 400,929
Disposals - (15,200 ) - (15,200 )
At 30 April 2024 38,599 2,045,884 67,539 2,152,022
DEPRECIATION
At 1 May 2023 22,494 1,034,476 24,404 1,081,374
Charge for year 4,499 105,733 3,983 114,215
Eliminated on disposal - (13,502 ) - (13,502 )
At 30 April 2024 26,993 1,126,707 28,387 1,182,087
NET BOOK VALUE
At 30 April 2024 11,606 919,177 39,152 969,935
At 30 April 2023 16,105 642,258 26,556 684,919

Included within the net book value of £ 969,935 (2023: £684,919) is £ 485,236 (2023: £390,723) relating to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounts to £ 35,578 (2022 - £ 68,951).

5. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 430,527 518,821
Other debtors 10,807 8,807
Prepayments 67,370 65,096
508,704 592,724

Amounts falling due after more than one year:
Amounts owed by participating interests 509,014 509,014

Aggregate amounts 1,017,718 1,101,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 82,113 93,951
Trade creditors 212,096 225,139
Social security and other taxes 176,598 184,972
Directors' current accounts 360 241
Accrued expenses 64,088 50,268
535,255 554,571

Altech Engineering Limited (Registered number: 03323050)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 222,262 20,849

8. RELATED PARTY DISCLOSURES

During the year the company lent £ 509,014 (2022 £509,014) to ALR Commercial Ltd as included in debtors after more than one year.

The directors have an interest in these Companies.