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Company registration number:
NI056850
Alpha Insulation Limited
Unaudited filleted abridged financial statements
31 December 2024
Alpha Insulation Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Alpha Insulation Limited
Directors and other information
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Director |
Gary Johnston |
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Secretary |
Mrs Linda Johnston |
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Company number |
NI056850 |
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Registered office |
20 Annahavil Road |
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Dungannon |
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Co Tyrone |
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Accountants |
ASM (D) Ltd |
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79 Cunninghams Lane |
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Dungannon |
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County Tyrone |
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BT71 6BX |
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Bankers |
Danske Bank |
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5-6 Market Square |
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Dungannon |
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County Tyrone |
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BT70 1AB |
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Alpha Insulation Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Alpha Insulation Limited
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alpha Insulation Limited for the year ended 31 December 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of Alpha Insulation Limited, as a body, in accordance with the terms of our engagement letter dated 5 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Alpha Insulation Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland, as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alpha Insulation Limited and its director as a body for our work or for this report.
It is your duty to ensure that Alpha Insulation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Alpha Insulation Limited. You consider that Alpha Insulation Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Alpha Insulation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
ASM (D) Ltd
Chartered Accountants
79 Cunninghams Lane
Dungannon
County Tyrone
BT71 6BX
14 April 2025
Alpha Insulation Limited
Abridged statement of financial position
31 December 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
129,746 |
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126,416 |
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________ |
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________ |
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129,746 |
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126,416 |
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Current assets |
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Stocks |
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31,630 |
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33,065 |
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Debtors |
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224,621 |
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156,897 |
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Cash at bank and in hand |
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81,664 |
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55,631 |
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________ |
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________ |
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337,915 |
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245,593 |
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Creditors: amounts falling due |
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within one year |
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(
346,489) |
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(
253,245) |
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________ |
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________ |
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Net current liabilities |
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(
8,574) |
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(
7,652) |
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________ |
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________ |
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Total assets less current liabilities |
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121,172 |
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118,764 |
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Creditors: amounts falling due |
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after more than one year |
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6 |
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(
19,931) |
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(
30,268) |
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Provisions for liabilities |
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(
31,137) |
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(
30,305) |
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________ |
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________ |
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Net assets |
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70,104 |
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58,191 |
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________ |
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________ |
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Capital and reserves |
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Called up share capital |
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2 |
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2 |
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Profit and loss account |
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70,102 |
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58,189 |
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________ |
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________ |
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Shareholders funds |
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70,104 |
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58,191 |
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________ |
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________ |
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
14 April 2025
, and are signed on behalf of the board by:
Gary Johnston
Director
Company registration number:
NI056850
Alpha Insulation Limited
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in N Ireland. The address of the registered office is 20 Annahavil Road, Dungannon, Co Tyrone.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
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20 % |
reducing balance |
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Fittings fixtures and equipment |
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20 % |
straight line |
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Motor vehicles |
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20 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
9
(2023:
9
).
5.
Tangible assets
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£ |
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Cost |
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At 1 January 2024 |
259,974 |
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Additions |
30,915 |
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Disposals |
(
28,000) |
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________ |
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At 31 December 2024 |
262,889 |
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________ |
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Depreciation |
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At 1 January 2024 |
133,558 |
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Charge for the year |
24,210 |
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Disposals |
(
24,625) |
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________ |
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At 31 December 2024 |
133,143 |
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________ |
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Carrying amount |
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At 31 December 2024 |
129,746 |
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________ |
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At 31 December 2023 |
126,416 |
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________ |
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6.
Creditors: amounts falling due after more than one year
A bounce back loan of £14,167 (2023 - £25,000) is guaranteed by the UK Government under the Bounce Back Loan Scheme. The loan is repayable over 6 years with a rate of interest of 2.5%. Obligations under hire purchase contracts totalling £35,922 (2023: £29,125) are secured on the assets for which this finance was originally obtained.
7.
Controlling party
The directors regard
Annahavil Holdings Ltd
, which is registered in Northern Ireland to be the company's ultimate parent company. Annahavil Holdings Ltd has a 100% interest in the ordinary share capital of Alpha Insulation Ltd at 31 December 2024.