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REGISTERED NUMBER: 04190314 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Alphacredit Limited

Alphacredit Limited (Registered number: 04190314)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Alphacredit Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A Owen
R Owen





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 04190314 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
United Kingdom
SE19 3RW

Alphacredit Limited (Registered number: 04190314)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 49,965 55,008

CURRENT ASSETS
Stocks 2,011,204 1,874,288
Debtors 6 259,944 111,200
Cash at bank and in hand 7,034 5,034
2,278,182 1,990,522
CREDITORS
Amounts falling due within one year 7 (1,428,022 ) (1,209,048 )
NET CURRENT ASSETS 850,160 781,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

900,125

836,482

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 900,123 836,480
SHAREHOLDERS' FUNDS 900,125 836,482

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 4 February 2025 and were signed on its behalf by:





A Owen - Director


Alphacredit Limited (Registered number: 04190314)

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

1. STATUTORY INFORMATION

Alphacredit 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 33% on cost and 10% 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Alphacredit Limited (Registered number: 04190314)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023 86,497 109,151 3,383 199,031
Additions - - 687 687
At 31 May 2024 86,497 109,151 4,070 199,718
DEPRECIATION
At 1 June 2023 63,526 77,115 3,382 144,023
Charge for year 2,298 3,203 229 5,730
At 31 May 2024 65,824 80,318 3,611 149,753
NET BOOK VALUE
At 31 May 2024 20,673 28,833 459 49,965
At 31 May 2023 22,971 32,036 1 55,008

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 95,498 89,581
Other debtors 164,446 21,619
259,944 111,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 48,911 42,111
Trade creditors 253,502 89,501
Taxation and social security 29,966 48,914
Other creditors 1,095,643 1,028,522
1,428,022 1,209,048

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2