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

REGISTERED NUMBER: 01846199 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ALPHA ELECTRONICS (SOUTHERN) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Morris

F W Morris

SECRETARY:

F W Morris

REGISTERED OFFICE:

Unit 6 Spectrum Business Estate

Bircholt Road

Maidstone

Kent

ME15 9YP

REGISTERED NUMBER:

01846199 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Tangible assets

4

151,783

205,207

CURRENT ASSETS

Stocks

200,528

276,609

Debtors

5

440,405

580,341

Cash at bank and in hand

182,525

153,228

823,458

1,010,178

CREDITORS

Amounts falling due within one year

6

354,925

490,173

NET CURRENT ASSETS

468,533

520,005

TOTAL ASSETS LESS CURRENT
LIABILITIES

620,316

725,212

CREDITORS

Amounts falling due after more than one
year

7

-

(13,245

)

PROVISIONS FOR LIABILITIES

(29,737

)

(35,141

)

NET ASSETS

590,579

676,826

CAPITAL AND RESERVES

Called up share capital

30,000

Share premium

11,667

Capital redemption reserve

3,333

Retained earnings

545,579

631,826

SHAREHOLDERS' FUNDS

590,579

676,826

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

F W Morris - Director

1.	STATUTORY INFORMATION

Alpha Electronics (Southern) 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 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, cash balances 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.

Income is recognised when the goods have been delivered from the warehouse to the customer.

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 reducing balance

Fixtures and fittings

-

at varying rates 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 using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The tax expense represents the sum of the tax currently payable or receivable and deferred tax.

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

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.

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 19 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 January 2024

929,464

Additions

57,454

Disposals

(85,096

)

At 31 December 2024

901,822

Depreciation

At 1 January 2024

724,257

Charge for year

83,231

Eliminated on disposal

(57,449

)

At 31 December 2024

750,039

Net book value

At 31 December 2024

151,783

At 31 December 2023

205,207

The net book value of assets held under finance leases or hire purchase contracts, included above, are £35,323 (2023: £64,908).

5.	DEBTORS LESS THAN ONE YEAR

2024

2023

£

Trade debtors

215,446

304,813

Amounts owed by associates

201,677

249,251

Other debtors

23,282

26,277

440,405

580,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

-

1,172

Hire purchase contracts (see note 8)

14,313

28,040

Trade creditors

273,006

367,336

Taxation and social security

41,308

76,657

Other creditors

26,298

16,968

354,925

490,173

The hire purchase creditor is secured upon the assets to which it relates.

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

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Hire purchase contracts (see note 8)

-

13,245

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

Net obligations repayable:

Within one year

14,313

28,040

Between one and five years

-

13,245

14,313

41,285

Non-cancellable

operating leases

2024

2023

£

Within one year

69,450

8,000

Between one and five years

210,588

-

280,038

8,000

9.	RELATED PARTY DISCLOSURES

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 £72,268 (2023: £96,936) and made sales to that company of £101,104 (2023: £101,038).

At the balance sheet date, the amount due from Alpha Electronics (Northern) Limited was £113,411 (2023: £146,989).

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 £46,098 (2023: £77,097) and made sales to that company of £62,093 (2023: £103,097).

At the balance sheet date, the amount due from Alpha Electronics (Wales) Limited was £88,266 (2023: £102,262).

All transactions were made on normal commercial terms.