Alpha Electronics (Northern) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03139920

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALPHA ELECTRONICS (NORTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F W Morris

SECRETARY:

F W Morris

REGISTERED OFFICE:

Unit 6 Spectrum Business Estate

Bircholt Road

Maidstone

Kent

ME15 9YP

REGISTERED NUMBER:

03139920

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Tangible assets

4

112,600

95,361

CURRENT ASSETS

Stocks

152,995

169,103

Debtors

5

139,643

201,015

Cash at bank and in hand

14,363

-

307,001

370,118

CREDITORS

Amounts falling due within one year

6

252,507

283,956

NET CURRENT ASSETS

54,494

86,162

TOTAL ASSETS LESS CURRENT
LIABILITIES

167,094

181,523

CREDITORS

Amounts falling due after more than one
year

7

(3,500

)

(9,500

)

PROVISIONS FOR LIABILITIES

(12,982

)

(16,311

)

NET ASSETS

150,612

155,712

CAPITAL AND RESERVES

Called up share capital

30,000

Share premium

3,421

Capital redemption reserve

1,579

Retained earnings

115,612

120,712

SHAREHOLDERS' FUNDS

150,612

155,712

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 17 September 2025 and were signed by:

F W Morris - Director

1.	STATUTORY INFORMATION

Alpha Electronics (Northern) Limited is a private company, limited by shares , registered in Not specified/Other. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves and no significant long term liabilities. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

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

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost and 15% on cost

Motor vehicles

-

25% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 or receivable 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 and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with significant risk of change in value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 January 2024

363,682

Additions

37,495

Disposals

(22,351

)

At 31 December 2024

378,826

Depreciation

At 1 January 2024

268,321

Charge for year

19,260

Eliminated on disposal

(21,355

)

At 31 December 2024

266,226

Net book value

At 31 December 2024

112,600

At 31 December 2023

95,361

The net book value of assets held under finance lease or hire purchase contracts, included above, are £7,688 (2023: £17,265).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

114,559

182,978

Amounts owed by associates

1,384

283

Other debtors

22,755

16,674

Tax

945

903

Prepayments and accrued income

-

177

139,643

201,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

6,000

15,089

Hire purchase contracts (see note 8)

1,170

2,389

Trade creditors

97,231

65,339

Amounts owed to associates

104,389

155,395

Social security and other taxes

4,088

2,689

VAT

12,225

6,687

Other creditors

21,061

28,454

Accrued expenses

5,083

4,839

Deferred income

1,260

3,075

252,507

283,956

There are two charges registered at Companies House. The first relates to all monies due or to become due to the chargee, being secured by a fixed and floating charge on all book debts present and future. The second relates to all monies due or to become due from the company to the chargee, being secured via a fixed and floating charge over all property and assets. Full details are available at Companies House

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

3,500

6,000

Bank loans - 2-5 years

-

3,500

9,500

Liabilities relating to hire purchase assets are secured upon the assets to which they relate.

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

Net obligations repayable:

Within one year

1,170

2,389

Non-cancellable

operating leases

2024

2023

£

Within one year

18,000

-

Between one and five years

60,000

-

78,000

-

9.	RELATED PARTY TRANSACTIONS

Alpha Electronics (Southern) Limited

A company under common control.

During the year, the company purchased goods from Alpha Electronics (Southern) Limited with a value of £129,277 (2023: £100,899) and made sales to that company to the value of £72,290 (2023: £96,913).

At the year end, the company owed £104,389 (2023: £155,395) to Alpha Electronics (Southern) Limited.

Alpha Electronics (Wales) Limited

A company under common control.

During the year, the company purchased goods from Alpha Electronics (Wales) Limited with a value of £35,786 (2023: £33,076) and made sales to that company to the value of £20,625 (2023: £31,404).

At the year end, the company was owed £1,384 (2023: £283) by Alpha Electronics (Wales) Limited.

All transactions were made on normal commercial terms.

10.	PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,341 (2023: £3,500). Contributions payable to the fund at the balance sheet date amounted to £2,555 (2023: £9,996).