Alpha Motors (Wigan) Limited
Registered number: 04126776
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 224,457 232,424
Current assets
Stocks 1,878,880 1,778,484
Debtors 4 16,007 16,765
Investments held as current assets 35,300 15,300
Cash at bank and in hand 671,552 899,360
2,601,739 2,709,909
Creditors: amounts falling due within one year 5 (241,004) (281,645)
Net current assets 2,360,735 2,428,264
Total assets less current liabilities 2,585,192 2,660,688
Provisions for liabilities (10,614) (12,843)
Net assets 2,574,578 2,647,845
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,574,478 2,647,745
Shareholders' funds 2,574,578 2,647,845
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Hogg
Director
Approved by the board on 27 June 2025
Alpha Motors (Wigan) Limited
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Tenant's imporvements 25% straight line
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 22 20
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2024 206,177 107,188 44,843 358,208
Additions - 5,944 9,057 15,001
At 30 April 2025 206,177 113,132 53,900 373,209
Depreciation
At 1 May 2024 25,124 89,450 11,210 125,784
Charge for the year 7,564 4,733 10,671 22,968
At 30 April 2025 32,688 94,183 21,881 148,752
Net book value
At 30 April 2025 173,489 18,949 32,019 224,457
At 30 April 2024 181,053 17,738 33,633 232,424
4 Debtors 2025 2024
£ £
Trade debtors 16,007 16,765
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 47,326 72,450
Corporation tax 77,384 125,892
Other taxes and social security costs 82,981 45,191
Other creditors 33,313 38,112
241,004 281,645
6 Other information
Alpha Motors (Wigan) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Park Lane Garage
Warrington Road
Goose Green
Wigan
WN3 6XB
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