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Alpha Card Compact Media Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Alpha Card Compact Media Limited (Registered number: 08588010)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alpha Card Compact Media Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I Whitfield
T M Whitfield
P A Main
K A Fox
J E Nightingale



REGISTERED OFFICE: 1st Floor
43-45 Oxford Road
Guiseley
Leeds
West Yorkshire
LS20 8AB



REGISTERED NUMBER: 08588010



ACCOUNTANTS: Evelyn Partners (Leeds) Limited
Accountants
3rd Floor
56 Wellington Street
Leeds
West Yorkshire
LS1 2EE



BANKERS: Yorkshire Bank
32 Town Street
Horsforth
Leeds

Alpha Card Compact Media Limited (Registered number: 08588010)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,689 17,629
Tangible assets 5 29,263 21,954
Investments 6 46,725 46,725
123,677 86,308

CURRENT ASSETS
Stocks 4,643 5,402
Debtors 7 647,047 651,195
Cash at bank 32,453 60,119
684,143 716,716
CREDITORS
Amounts falling due within one year 8 516,148 554,184
NET CURRENT ASSETS 167,995 162,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,672

248,840

CREDITORS
Amounts falling due after more than one
year

9

330,228

148,373
NET (LIABILITIES)/ASSETS (38,556 ) 100,467

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (138,556 ) 467
(38,556 ) 100,467

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

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

Alpha Card Compact Media Limited (Registered number: 08588010)

Balance Sheet - continued
31 March 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 26 March 2025 and were signed on its behalf by:





T M Whitfield - Director


Alpha Card Compact Media Limited (Registered number: 08588010)

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

1. STATUTORY INFORMATION

Alpha Card Compact Media Limited is a private company, limited by shares, domiciled in England and Wales, registration number is 08588010. The registered office is 1st Floor, 43-45 Oxford Road
Guiseley, Leeds, West Yorkshire, LS20 8AB.

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.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Exemption from preparing consolidated financial statements
The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

Income recognition
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have passed to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - Straight line over 5 years
Fixtures and fittings - 3 years
Plant and Machinery - 5 years

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first outbasis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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.


Alpha Card Compact Media Limited (Registered number: 08588010)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pensions
Defined contribution pension plan.

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Profit and loss account when they fall due. Amounts not paid are shown in other taxation and social security as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

Alpha Card Compact Media Limited (Registered number: 08588010)

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

4. INTANGIBLE FIXED ASSETS
Developme
costs
£   
COST
At 1 April 2023 75,311
Additions 39,211
At 31 March 2024 114,522
AMORTISATION
At 1 April 2023 57,682
Amortisation for year 9,151
At 31 March 2024 66,833
NET BOOK VALUE
At 31 March 2024 47,689
At 31 March 2023 17,629

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Plant and
improvements fittings Vehicle Machinery Totals
£    £    £    £    £   
COST
At 1 April 2023 52,958 73,453 10,000 30,173 166,584
Additions - 14,077 - 5,454 19,531
At 31 March 2024 52,958 87,530 10,000 35,627 186,115
DEPRECIATION
At 1 April 2023 52,958 68,008 1,667 21,997 144,630
Charge for year - 6,040 3,333 2,849 12,222
At 31 March 2024 52,958 74,048 5,000 24,846 156,852
NET BOOK VALUE
At 31 March 2024 - 13,482 5,000 10,781 29,263
At 31 March 2023 - 5,445 8,333 8,176 21,954

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 46,725
NET BOOK VALUE
At 31 March 2024 46,725
At 31 March 2023 46,725

Alpha Card Compact Media Limited (Registered number: 08588010)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 178,879 247,354
Other debtors, prepayments and
accrued income 468,168 403,841
647,047 651,195

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,395 8,243
Trade creditors 263,881 269,459
Taxation and social security 42,348 32,083
Other creditors and accruals 200,524 244,399
516,148 554,184

The bank loan is secured by I Whitfield.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 330,228 148,373

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount owing from the company of £7,071 (2023: £16,576). The loan is interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There were no transactions with related parties as are required to be disclosed.