REGISTERED NUMBER: 00851974 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALPLAS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr BJ Hood

Mr CG Hood

Mrs T M Atkinson

Mr J Hood

Mr D Brown

Mr E Atkinson

Mr B J Hood

SECRETARY:

Mrs T M Atkinson

REGISTERED OFFICE:

- Paycocke Road

Basildon

Essex

SS14 3NW

REGISTERED NUMBER:

00851974 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,730,799

1,785,676

1,730,799

1,785,676

CURRENT ASSETS

Stocks

661,645

644,656

Debtors

7

379,425

421,655

Cash at bank and in hand

194,711

116,397

1,235,781

1,182,708

CREDITORS

Amounts falling due within one year

8

309,530

307,441

NET CURRENT ASSETS

926,251

875,267

TOTAL ASSETS LESS CURRENT LIABILITIES

2,657,050

2,660,943

CREDITORS

Amounts falling due after more than one year

9

(242,436

)

(289,004

)

PROVISIONS FOR LIABILITIES

12

(51,719

)

(58,702

)

NET ASSETS

2,362,895

2,313,237

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

2,362,595

2,312,937

SHAREHOLDERS' FUNDS

2,362,895

2,313,237

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

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

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 22 July 2025 and were signed on its behalf by:

Mr E Atkinson - Director

Mr J Hood - Director

1.	STATUTORY INFORMATION

Alplas 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured,

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

An analysis of turnover and profits by class of business and geographical location is not presented as, in the opinion of the directors, such disclosure would be prejudicial to the interest of the company.

Goodwill

Goodwill was purchased for £47,500 on 30 April 2010. It is amortised to profit and loss account over the estimated economic life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold property

-

Equal instalments over 98 and 15 years

Plant and equipment

-

4, 3 and 2 years straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and 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.

Deferred taxation

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pensions

The company operates three defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

47,500

AMORTISATION

At 1 January 2024

and 31 December 2024

47,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

property

equipment

Totals

£

£

£

COST

At 1 January 2024

2,094,259

1,495,355

3,589,614

Additions

-

42,979

42,979

Disposals

-

(399,884

)

(399,884

)

At 31 December 2024

2,094,259

1,138,450

3,232,709

DEPRECIATION

At 1 January 2024

401,653

1,402,285

1,803,938

Charge for year

49,804

48,052

97,856

Eliminated on disposal

-

(399,884

)

(399,884

)

At 31 December 2024

451,457

1,050,453

1,501,910

NET BOOK VALUE

At 31 December 2024

1,642,802

87,997

1,730,799

At 31 December 2023

1,692,606

93,070

1,785,676

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

equipment

£

COST

At 1 January 2024

and 31 December 2024

138,141

DEPRECIATION

At 1 January 2024

54,680

Charge for year

34,535

At 31 December 2024

89,215

NET BOOK VALUE

At 31 December 2024

48,926

At 31 December 2023

83,461

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

328,367

365,597

Other debtors

51,058

56,058

379,425

421,655

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans

38,697

35,476

Hire purchase contracts (see note 10)

29,689

24,810

Trade creditors

106,889

120,006

Social security and other taxes

55,544

42,322

Other creditors

78,711

84,827

309,530

307,441

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

41,600

38,323

Bank loans - 2-5 years

144,476

134,435

Bank loans more 5 yr by instal

-

52,154

Hire purchase contracts (see note 10)

56,360

64,092

242,436

289,004

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

52,154

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

29,689

24,810

Between one and five years

56,360

64,092

86,049

88,902

Non-cancellable

operating leases

2024

2023

£

£

Within one year

91,656

94,158

Between one and five years

336,000

336,000

In more than five years

7,112,000

7,196,000

7,539,656

7,626,158

FRS 102 requires disclosure of the total minimum lease payments due over the lease term. Alplas Limited has a 99 year leasehold interest in the property from whence it trades and is therefore required to disclose the rents due under this lease above, along with other short-term operating leases. The freeholder of the property is the Alplas Limited Executive Pension Scheme.

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

224,773

260,388

Hire purchase contracts

86,049

88,902

310,822

349,290

12.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

51,719

58,702

Deferred

tax

£

Balance at 1 January 2024

58,702

Credit to Income Statement during year

(6,983

)

Balance at 31 December 2024

51,719

The provision for deferred taxation is made up of accelerated capital allowances.

13.	PENSION COMMITMENTS

The company operates three defined contribution pension schemes, for the employees and directors. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £5,513 unpaid contributions (2023: £5,749).