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

REGISTERED NUMBER: 04544831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALPHA ELECTRONICS (WALES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F W Morris

REGISTERED OFFICE:

Unit 6 Spectrum Business Estate

Bircholt Road

Maidstone

Kent

ME15 9YP

REGISTERED NUMBER:

04544831 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

15,759

24,528

15,759

24,528

CURRENT ASSETS

Stocks

69,768

99,472

Debtors

6

57,292

37,537

Cash at bank and in hand

44,351

66,193

171,411

203,202

CREDITORS

Amounts falling due within one year

7

128,501

163,999

NET CURRENT ASSETS

42,910

39,203

TOTAL ASSETS LESS CURRENT
LIABILITIES

58,669

63,731

CREDITORS

Amounts falling due after more than one
year

8

(2,333

)

(6,333

)

PROVISIONS FOR LIABILITIES

(2,864

)

(2,631

)

NET ASSETS

53,472

54,767

CAPITAL AND RESERVES

Called up share capital

9,000

Capital redemption reserve

1,000

Retained earnings

43,472

44,767

SHAREHOLDERS' FUNDS

53,472

54,767

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 18 September 2025 and were signed by:

F W Morris - Director

1.	STATUTORY INFORMATION

Alpha Electronics (Wales) 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.

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 director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that he considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has positive reserves, cash balances and no significant long term liabilities.

Thus he continues 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost and 15% on reducing balance

Motor vehicles

-

25% on cost

Office equipment

-

20% 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 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.

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.

Hire purchase and leasing commitments

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.

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 no 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 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 January 2024

and 31 December 2024

10,000

Amortisation

At 1 January 2024

and 31 December 2024

10,000

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

Cost

At 1 January 2024

and 31 December 2024

28,860

2,645

16,104

6,726

54,335

Depreciation

At 1 January 2024

13,711

2,523

8,029

5,544

29,807

Charge for year

3,688

122

4,014

945

8,769

At 31 December 2024

17,399

2,645

12,043

6,489

38,576

Net book value

At 31 December 2024

11,461

-

4,061

237

15,759

At 31 December 2023

15,149

122

8,075

1,182

24,528

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

53,992

26,348

Amounts owed by associates

-

4,163

VAT

-

3,726

Prepayments

3,300

57,292

37,537

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

4,000

Trade creditors

26,025

42,710

Amounts owed to associates

75,324

99,097

Social security and other taxes

2,835

1,718

VAT

2,459

-

Other creditors

14,162

12,954

Accruals

3,696

3,520

128,501

163,999

There is a fixed and floating charge registered at Companies House which 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

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

2,333

4,000

Bank loans - 2-5 years

-

2,333

6,333

During a prior year, the company obtained a £20,000 Bounce Back Loan as part of the Covid-19 government support to businesses during the pandemic. Interest is payable on the loan at 2.5% per annum over 6 years. The interest payable for the first 12 months is paid by the government. The loan is due to be repaid in 60 monthly instalments commencing 12 months from drawdown date. The loan is secured by a government backed guarantee.

There is a fixed and floating charge registered at Companies House.

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 £62,321 (2023: £103,799) and made sales to that company of £46,098 (2023: £76,040). At the year end, the company owed £73,940 (2023: £99,097) to Alpha Electronics (Southern) Limited.

Alpha Electronics (Northern) Limited

A company under common control.

During the year, the company purchased goods from Alpha Electronics (Northern) Limited with a value of £20,373 (2023: £31,404) and made sales to that company of £34,983 (2023: £32,222). At the year end, the company owed £1,384 (2023: £4,163 was owed by) to Alpha Electronics (Northern) Limited.

All transactions were made on normal commercial terms.