Company registration number 15399276 (England and Wales)
ALLPHASE M&E LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ALLPHASE M&E LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ALLPHASE M&E LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
Notes
£
£
Fixed assets
Intangible assets
4
2,850
Tangible assets
5
48,095
50,945
Current assets
Stocks
170,000
Debtors
6
741,409
Cash at bank and in hand
3,756
915,165
Creditors: amounts falling due within one year
7
(899,156)
Net current assets
16,009
Total assets less current liabilities
66,954
Creditors: amounts falling due after more than one year
8
(30,004)
Net assets
36,950
Capital and reserves
Called up share capital
10
Profit and loss reserves
36,940
Total equity
36,950
ALLPHASE M&E LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
For the financial period ended 30 November 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 period in question in accordance with section 476.
The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
S Donlon
Director
Company registration number 15399276 (England and Wales)
ALLPHASE M&E LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
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. The principal accounting policies adopted are set out below.
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.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation.
Amortisation 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:
Software
25% Straight Line
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
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.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
ALLPHASE M&E LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
3
4
Intangible fixed assets
Software
£
Cost
At 9 January 2024
Additions
3,800
At 30 November 2024
3,800
Amortisation and impairment
At 9 January 2024
Amortisation charged for the period
950
At 30 November 2024
950
Carrying amount
At 30 November 2024
2,850
ALLPHASE M&E LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 5 -
5
Tangible fixed assets
Motor vehicles
£
Cost
At 9 January 2024
Additions
55,886
At 30 November 2024
55,886
Depreciation and impairment
At 9 January 2024
Depreciation charged in the period
7,791
At 30 November 2024
7,791
Carrying amount
At 30 November 2024
48,095
6
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
510,858
Other debtors
42,092
Prepayments and accrued income
188,459
741,409
7
Creditors: amounts falling due within one year
2024
£
Bank loans
206,300
Obligations under finance leases
11,820
Trade creditors
599,903
Taxation and social security
41,224
Other creditors
37,409
Accruals and deferred income
2,500
899,156
The hire purchase loans are secured against the asset they relate to.
ALLPHASE M&E LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2024
- 6 -
8
Creditors: amounts falling due after more than one year
2024
£
Other creditors
30,004
The hire purchase loans are secured against the asset they relate to.
9
Company Information
Allphase M&E Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Ballroom, Royal George Building, 2 Regent Street, Knutsford, WA16 6GR.
10
Parent company
The company's parent company is Equitway Holdings Ltd and it's registered office is The Ballroom Royal George Building, Regent Street, Knutsford, Cheshire, United Kingdom, WA16 6GR.