Alpha Motorcycles Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03671694 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALPHA MOTORCYCLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K R Fallows

Mrs K R Fallows

Mr J Fallows

Mr A Fallows

SECRETARY:

Mr K R Fallows

REGISTERED OFFICE:

34-40 High Street

Wanstead

London

E11 2RJ

REGISTERED NUMBER:

03671694 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

30,861

25,889

30,861

25,889

CURRENT ASSETS

Stocks

404,394

527,974

Debtors

6

40,222

24,387

Cash at bank

296,823

176,601

741,439

728,962

CREDITORS

Amounts falling due within one year

7

286,178

252,132

NET CURRENT ASSETS

455,261

476,830

TOTAL ASSETS LESS CURRENT
LIABILITIES

486,122

502,719

CREDITORS

Amounts falling due after more than one
year

8

(7,385

)

(7,410

)

PROVISIONS FOR LIABILITIES

11

(5,285

)

(6,397

)

NET ASSETS

473,452

488,912

CAPITAL AND RESERVES

Called up share capital

150,000

Retained earnings

323,452

338,912

SHAREHOLDERS' FUNDS

473,452

488,912

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 21 August 2025 and were signed on its behalf by:

Mr K R Fallows - Director

1.	STATUTORY INFORMATION

Alpha Motorcycles 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.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods and services supplied, net of returns, discounts and value added taxes.

Sales of goods are recognised at the point of sale, which is considered to be the point of delivery and when the significant risks and rewards of the goods have been passed to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, has been fully amortised over its estimated useful life of ten 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.

Short leasehold property

-

Over the period of the lease

Plant and machinery

-

20% on cost

Motor vehicles

-

33% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stock is stated at the lower of cost and selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Stocks are recognized as an expense in the period in which the related revenue is recognized.

Cost is determined on an average cost basis. Cost includes the purchase price, including taxes and duties, transport and all other costs directly attributable to bringing the stock to its present location and condition.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

61,200

AMORTISATION

At 1 January 2024

and 31 December 2024

61,200

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Short

leasehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2024

7,868

67,466

28,019

7,035

110,388

Additions

-

23,613

-

182

23,795

At 31 December 2024

7,868

91,079

28,019

7,217

134,183

DEPRECIATION

At 1 January 2024

7,868

56,069

14,461

6,101

84,499

Charge for year

-

13,871

4,474

478

18,823

At 31 December 2024

7,868

69,940

18,935

6,579

103,322

NET BOOK VALUE

At 31 December 2024

-

21,139

9,084

638

30,861

At 31 December 2023

-

11,397

13,558

934

25,889

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

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

28,019

DEPRECIATION

At 1 January 2024

14,461

Charge for year

4,474

At 31 December 2024

18,935

NET BOOK VALUE

At 31 December 2024

9,084

At 31 December 2023

13,558

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

9,594

-

Other debtors

30,628

24,387

40,222

24,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts (see note 9)

5,928

Trade creditors

197,737

169,369

Taxation and social security

40,533

46,226

Other creditors

41,980

30,609

286,178

252,132

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Hire purchase contracts (see note 9)

1,482

7,410

Other creditors

5,903

-

7,385

7,410

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

Net obligations repayable:

Within one year

5,928

Between one and five years

1,482

7,410

13,338

Non-cancellable

operating leases

2024

2023

£

Within one year

30,000

Between one and five years

120,000

In more than five years

-

30,000

150,000

180,000

The above lease relates to the company's business premises.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

7,410

13,338

The hire purchase contracts and other creditors are secured against the fixed assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Accelerated capital allowances

5,285

6,397

Deferred

tax

£

Balance at 1 January 2024

6,397

Credit to Income Statement during year

(1,112

)

Balance at 31 December 2024

5,285

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

Mr K R Fallows

Balance outstanding at start of year

-

Amounts advanced

6,917

10,000

Amounts repaid

(6,917

)

(10,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mrs K R Fallows

Balance outstanding at start of year

-

Amounts advanced

1,383

2,000

Amounts repaid

(1,383

)

(2,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mr A Fallows

Balance outstanding at start of year

-

Amounts advanced

3,750

5,000

Amounts repaid

(3,750

)

(5,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mr J Fallows

Balance outstanding at start of year

-

Amounts advanced

3,750

5,000

Amounts repaid

(3,750

)

(5,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

The loans were interest free and repaid during the year.