Registered Number:04450502 |
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2024
Alfa Electric Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Alfa Electric Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
436,831
421,481
2
436,831
421,481
25,000
25,000
3
Trade and other receivables |
532,123
669,641
4
2
Cash and cash equivalents |
25,520
720,161
557,125
Trade and other payables: amounts falling due within one |
year |
(713,550)
(838,581)
5
(156,425)
(118,420)
Net current liabilities
Total assets less current liabilities |
318,411
265,056
Trade and other payables: amounts falling due after more |
than one year |
(181,023)
(101,191)
6
(17,704)
(12,945)
Provisions for liabilities |
199,516
Net assets
71,088
100
100
199,416
70,988
199,516
71,088
Shareholders' funds
For the year ended 31 October 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 ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Daniel Lee Harrison Director |
These financial statements were approved and authorised for issue by the Board on 16 April 2025 and were signed by: |
1 of 5
For the year ended 31 October 2024
Alfa Electric Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 31 October 2024
Alfa Electric Limited
Notes to the Financial Statements
Statutory Information
Alfa Electric Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04450502. |
Unit 4, Burgess Road
Ivy House Industrial Estate
Hastings
East Sussex
TN35 4NR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
2. Property, plant and equipment |
697,509
19,717
13,276
165,997
80,308
418,211
37,808
828
-
35,026
1,954
-
-
-
(25,182)
-
-
(25,182)
418,211
175,841
13,276
20,545
710,135
82,262
Provision for depreciation and impairment |
276,028
14,543
8,530
103,498
71,457
78,000
Charge for year
17,049
900
712
13,817
1,620
-
(19,773)
-
-
(19,773)
-
-
273,304
15,443
9,242
97,542
73,077
78,000
340,211
9,185
78,299
4,034
5,102
436,831
340,211
8,851
62,499
4,746
5,174
421,481
3 of 5
For the year ended 31 October 2024
Alfa Electric Limited
Notes to the Financial Statements Continued
2023
2024
25,000
25,000
4. Trade and other receivables |
2023
2024
383,031
312,761
Prepayments and accrued income |
1,159
1,507
Amounts owed by directors |
180,148
110,794
105,303
107,061
532,123
669,641
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
80,383
87,957
128,930
126,524
231,548
192,229
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
14,397
14,397
Taxation and social security |
335,113
218,130
Accruals and deferred income |
23,636
56,806
24,574
17,507
838,581
713,550
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
101,191
181,023
7. Related party transactions |
At the year end, the directors owed the company £180,148 (2023: £110,793).
4 of 5
For the year ended 31 October 2024
Alfa Electric Limited
Notes to the Financial Statements Continued
8. Guarantees and other financial commitments |
At 31 October 2024 the company had annual commitments under non-cancellable operating leases as set out |
below: |
2023
2024
Operating leases which expire: |
2,812
2,812
5,624
-
2,812
8,436
9. Average number of persons employed |
During the year the average number of employees was 30 (2023 : 30)
5 of 5