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REGISTERED NUMBER: 01675457 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2024

for

Alpha Construction Limited

Alpha Construction Limited (Registered number: 01675457)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Statement of Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Alpha Construction Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A R Bamford
R S Denton
L Stafford





REGISTERED OFFICE: Chatsworth Court, Alpha House
Uttoxeter Road
Hilton
Derbyshire
DE65 5GE





REGISTERED NUMBER: 01675457 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Alpha Construction Limited (Registered number: 01675457)

Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

FAIR REVIEW OF BUSINESS
The business has achieved a good level of profit, with turnover levels generally being maintained. Thus, providing a solid foundation for planned growth into 2025 and future years.

PRINCIPAL RISKS AND UNCERTAINTIES
The key issues which are likely to affect the company's trading performance during 2025 and into the future are that of inflation and high interest rates.

We are carefully considering these risks in order to calculate and implement methods of risk management for new tenders as well as existing long-term commitments.

SECTION 172(1) STATEMENT
The Board of Directors confirm it has performed its duties in respect of section 172 of the Companies act 2006.
Specifically, the Board has considered long term factors that affect the Company's strategic directions.
The Board has engaged with its stakeholders, which assist the board in its decision-making process and in fulfilling its duty to promote the success of the Company as set out in Section 172

The Board has fulfilled their duties as follows:

On an ongoing basis, the board assess the major risks affecting the Company and develop appropriate responses to address those risks in an efficient and affective manner. This is taken into consideration when setting goals, budgets and forecasting financial performance. This ensures that the Company understands the financial impact of these risks and can respond to them on a timely basis.

Employees are a key to Alpha Constructions Limited's success. The Company engages with employees on a regular basis. Various meetings are held to cover a range of topics such as Health & Safety, financial performance, training and compliance. The company monitors staff turnover and performance to understand staff progression within the business. The Company invests in the future of the business and has a successful mentoring plan to encourage young people into the Company.

Alpha Construction Ltd aims to exceed its customers' expectations. This is achieved through communication and building strong business relationships with our clients. We further promote close relationships with our supply chain and our local communities. We understand our responsibility with our community and work hard to show how important that relationship is to the Company.

DEVELOPMENT AND PERFORMANCE
The retention of existing clients, repeat business and framework agreements is supported by our health and safety performance, along with our robust policies and procedures. This allows us to target and successfully secure workload with new clients and further framework agreements.

Marketing and emphasizing our transferrable-skills and valuable expertise will allow us to successfully secure projects in complementary industries and sectors. Facilitating our continual development and strengthening of the business.


Alpha Construction Limited (Registered number: 01675457)

Strategic Report
for the Year Ended 31 December 2024

FINANCIAL KEY PERFORMANCE INDICATORS
Financial 2024 2023 Change in year
Turnover (£'000) 10,160 10,467 -3%
Gross profit (£'000) 2,423 2,014 +20%
Profit before tax (£'000) 521 269 +93.7%
Work in hand (£'000) 9,851 6,012 +64%

Employees
Number average in year 55 57 -3.5%

Health and safety
Reportable accidents 0 0 0
-

ON BEHALF OF THE BOARD:





A R Bamford - Director


30 April 2025

Alpha Construction Limited (Registered number: 01675457)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company continued to be that of construction.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 will be £ 250,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

A R Bamford
R S Denton
L Stafford

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Tomkinson Teal (Lichfield) LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A R Bamford - Director


30 April 2025

Report of the Independent Auditors to the Members of
Alpha Construction Limited

Opinion
We have audited the financial statements of Alpha Construction Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Alpha Construction Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the directors and other management. We discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.
We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Alpha Construction Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Susanna D Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

30 April 2025

Alpha Construction Limited (Registered number: 01675457)

Statement of Comprehensive
Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

TURNOVER 3 10,159,992 10,467,344

Cost of sales (7,736,921 ) (8,453,401 )
GROSS PROFIT 2,423,071 2,013,943

Administrative expenses (1,957,547 ) (1,793,252 )
465,524 220,691

Other operating income 54,941 60,157
OPERATING PROFIT 5 520,465 280,848

Interest receivable and similar income 12,539 3,037
533,004 283,885

Interest payable and similar expenses 6 (12,141 ) (15,055 )
PROFIT BEFORE TAXATION 520,863 268,830

Tax on profit 7 (136,819 ) (64,153 )
PROFIT FOR THE FINANCIAL YEAR 384,044 204,677

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

384,044

204,677

Alpha Construction Limited (Registered number: 01675457)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 9 752,473 714,216
Investment property 10 535,000 535,000
1,287,473 1,249,216

CURRENT ASSETS
Stocks 11 321,301 129,971
Debtors 12 5,427,650 6,087,385
Cash at bank and in hand 2,280,864 1,476,103
8,029,815 7,693,459
CREDITORS
Amounts falling due within one year 13 (4,981,855 ) (4,682,995 )
NET CURRENT ASSETS 3,047,960 3,010,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,335,433

4,259,680

CREDITORS
Amounts falling due after more than one
year

14

(69,015

)

(121,355

)

PROVISIONS FOR LIABILITIES 17 (87,868 ) (93,819 )
NET ASSETS 4,178,550 4,044,506

CAPITAL AND RESERVES
Called up share capital 18 25,000 25,000
Retained earnings 19 4,153,550 4,019,506
SHAREHOLDERS' FUNDS 4,178,550 4,044,506

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





A R Bamford - Director


Alpha Construction Limited (Registered number: 01675457)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 25,000 4,064,829 4,089,829

Changes in equity
Dividends - (250,000 ) (250,000 )
Total comprehensive income - 204,677 204,677
Balance at 31 December 2023 25,000 4,019,506 4,044,506

Changes in equity
Dividends - (250,000 ) (250,000 )
Total comprehensive income - 384,044 384,044
Balance at 31 December 2024 25,000 4,153,550 4,178,550

Alpha Construction Limited (Registered number: 01675457)

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

1. STATUTORY INFORMATION

Alpha Construction 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirement of paragraph 33.7.

The financial statements of the company are consolidated in the financial statements of Alpha Construction (Topco) Limited. These consolidated financial statements are available from its registered office.

Critical accounting 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.

Key sources of estimation uncertainty
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Recognition of revenue - Long term contracts:
Profit on long term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as the proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenue derived from variations on contracts are recognised only when they have been accepted by the company. Full provision is made for losses on loss-making contracts in the year in which they are first foreseen.

Alpha Construction Limited (Registered number: 01675457)

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

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 30% on reducing balance
Motor vehicles - 30% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Alpha Construction Limited (Registered number: 01675457)

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

2. ACCOUNTING POLICIES - continued

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company has retained profit/cash reserves. At the end of 2024, the company has a secure forward workload similar to that of previous years. The level of tendering activity is currently at a very high level and has been for some time; this is a clear indicator of future orders and workload. It is the view of the Director's that the company remains a going concern.

Alpha Construction Limited (Registered number: 01675457)

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

2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Construction contracts 10,159,992 10,467,344
10,159,992 10,467,344

Alpha Construction Limited (Registered number: 01675457)

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

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,008,487 2,871,883
Social security costs 278,793 257,513
Other pension costs 105,653 115,691
3,392,933 3,245,087

The average number of employees during the year was as follows:
2024 2023

Directors 3 3
Office staff 33 36
Site staff 19 18
55 57

2024 2023
£    £   
Directors' remuneration 307,181 307,487
Directors' pension contributions to money purchase schemes 20,604 13,306

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 106,789 115,486
Pension contributions to money purchase schemes 5,008 4,821

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 30,610 15,720
Depreciation - owned assets 65,355 60,113
Profit on disposal of fixed assets (5,732 ) (6,328 )
Auditors' remuneration 13,000 13,000

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 12,141 15,055

Alpha Construction Limited (Registered number: 01675457)

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

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 142,770 50,439

Deferred tax (5,951 ) 13,714
Tax on profit 136,819 64,153

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 520,863 268,830
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

130,216

67,208

Effects of:
Expenses not deductible for tax purposes 157 1,796
Capital allowances in excess of depreciation - (14,606 )
Depreciation in excess of capital allowances 11,582 -
Pension liability 815 21
Deferred tax (5,951 ) 13,714
Marginal relief - (3,980 )

Total tax charge 136,819 64,153

8. DIVIDENDS
2024 2023
£    £   
Interim 250,000 250,000

Alpha Construction Limited (Registered number: 01675457)

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

9. TANGIBLE FIXED ASSETS
Freehold Office Motor
property Equipment vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 521,400 81,050 281,156 883,606
Additions - 31,748 83,425 115,173
Disposals - (24,027 ) (42,629 ) (66,656 )
At 31 December 2024 521,400 88,771 321,952 932,123
DEPRECIATION
At 1 January 2024 - 54,272 115,118 169,390
Charge for year - 8,879 56,476 65,355
Eliminated on disposal - (20,193 ) (34,902 ) (55,095 )
At 31 December 2024 - 42,958 136,692 179,650
NET BOOK VALUE
At 31 December 2024 521,400 45,813 185,260 752,473
At 31 December 2023 521,400 26,778 166,038 714,216

Included in cost or valuation of land and buildings is freehold land of £ 176,400 (2023 - £ 176,400 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Freehold Office Motor
property Equipment vehicles Totals
£    £    £    £   
Valuation in 2013 (119,724 ) - - (119,724 )
Valuation in 2019 (30,000 ) - - (30,000 )
Valuation in 2022 85,000 - - 85,000
Cost 586,124 88,771 321,952 996,847
521,400 88,771 321,952 932,123

Freehold property was valued on an open market basis on 13 January 2023 by Salloway (Burton) - registered valuers .

10. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 535,000
NET BOOK VALUE
At 31 December 2024 535,000
At 31 December 2023 535,000

Alpha Construction Limited (Registered number: 01675457)

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

10. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 421,039
Cost 113,961
535,000

Investment property was valued on an open market basis on 13 January 2023 by Salloway (Burton) - registered valuers .

11. STOCKS
2024 2023
£    £   
Work-in-progress 321,301 129,971

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,557,012 1,986,814
Amounts owed by group undertakings 3,836,742 3,985,473
VAT - 104,363
Prepayments 33,896 10,735
5,427,650 6,087,385

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 15) 50,000 50,000
Trade creditors 938,612 1,040,066
Amounts owed to group undertakings 791,338 791,338
Tax 142,939 50,608
Social security and other taxes 85,528 91,027
VAT 57,425 -
Other creditors 264,381 403,021
Accrued expenses 2,651,632 2,256,935
4,981,855 4,682,995

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 15) 69,015 121,355

Alpha Construction Limited (Registered number: 01675457)

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

15. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,000 50,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,015 71,355

The bank loan is secured by a fixed and floating charge with Lloyds Bank Commercial Finance Ltd, dated 8 December 2016, over all property or undertaking of the company.

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 114,270 88,737
Between one and five years 130,292 70,137
244,562 158,874

17. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 87,868 93,819

Deferred
tax
£   
Balance at 1 January 2024 93,819
Provided during year (5,951 )
Balance at 31 December 2024 87,868

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary £1 25,000 25,000

Alpha Construction Limited (Registered number: 01675457)

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

19. RESERVES
Retained
earnings
£   

At 1 January 2024 4,019,506
Profit for the year 384,044
Dividends (250,000 )
At 31 December 2024 4,153,550

20. ULTIMATE PARENT COMPANY

The company's immediate parent company is Alpha Construction (Holdings) Limited.

The company's ultimate parent is Alpha Construction (Topco) Limited.

The consolidated financial statements in which Alpha Construction Limited are published are those prepared by Alpha Construction (Topco) Limited which are available from Companies House.

The directors do not consider there to be an ultimate controlling party.